BuyWithMe, a daily deals startup that had been acquiring companies right and left this year, appears to be going under. The startup has failed to find funding and is now laying off half its workforce. CEO James Crowley announced yesterday that at least 100 people will be let go today unless the company finds a last minute buyer.
More than 45 Million Users Saving One Billion Files Every Three Days
Dropbox, a service that lets people bring their documents, photos and videos everywhere and share them easily, announced today that it has completed a $250 million Series B financing. The company will use the funds to accelerate its rapid growth, make acquisitions, pursue strategic partnerships, and grow the team. Dropbox has more than 45 million users saving one billion files every three days, and is on track to triple its user base in 2011.
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