The founder of Veoh, Dmitry Shapiro, has announced that the video sharing site will file for Chapter 7 bankruptcy and liquidate. Ongoing lawsuits over copyright infringement from video uploads and the bad economy were given as the main reasons. Or as Shapiro said on his web site, “The distraction of the legal battles, and the challenges of the broader macro-economic climate have led to...
Video Sharing Site Veoh To File For Bankruptcy and Liquidate
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