Augmented reality start-up Blippar has cut costs by closing its San Francisco office reports The Times.
Former staff members estimated to Business Insider that the company was burning through $3m per month, a figure the company said was incorrect, however, it never disclosed its actual expenditure meaning the estimate from six former employees remains the closest guide accessible.
The closure of the San Francisco office, first reported by The Times, will ease the expenditure but the company is reportedly still far from turning a profit. The UK start up asserts it is in a Read full story ›
Source: The Drum
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