Perhaps Instead of a Tablet Computer, They Should Have Made a Machine That Burns Money

Matt Lynley, reporting for Business Insider on the demise of Fusion Garage, the company behind the CrunchPad:

An industry source just forwarded us the first page of a legal document showing Fusion Garage is done. According to our source, the company owes creditors around $40 million altogether.

As a point of comparison, that’s at least 40 percent of the money that Kickstarter has raised for all Kickstarter projects combined.

★ Monday, 9 January 2012