A Boom and a Bust for Helium

Helium Raises $17 Million, Lays Off 30 Percent of Employees
TechCrunch, Oct. 27, 2008
http://www.techcrunch.com/2008/10/27/helium-raises-17-million-lays-off-30-percent-of-employees/

Even companies making money are slashing jobs. Just days after raising $17 million in revenue from various sources, start-up Helium laid off 30 percent (or 18 people) of its employees. Helium is a “citizen journalism outlet offering a platform for writers to write articles on topics about which they are knowledgeable.”

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