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Sunday, June 28, 2015

Local.com Files for Bankruptcy

Per www.wsj.com:

The company behind the Local.com website—a place for Internet users to search for local businesses—filed for bankruptcy on Tuesday, saying it stumbled after a sudden drop in traffic last year.

Company officials who put Local.com Corp. into chapter 11 protection plan to sell the 48-worker company, which has patents for the way it generates search results for consumers who are looking for businesses, products and services by geographic area.

For more, see: http://www.wsj.com/articles/local-com-files-for-bankruptcy-1435177004

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