Plastc swipes $9m and vanishes

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Spawn

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Jan 8, 2011
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#1
What a cop-out. Don't promise, if you cannot deliver. They should be investigated, because $9 million is a lot of lost money..

"Plastc launched in 2014 with the promise of shipping a single card that could digitally hold 20 credit or debit cards that a user could switch between. The company raised more than $9 million through preorders, and today, after shipping to no backers, the company said it’s planning to file for bankruptcy and will shut down.

With that, all backers’ money is lost, and no Plastc cards will ship. Plastc announced the news on its website today along with the fact that all its employees have been laid off. Its customer care and social media channels have also been shut down."

https://www.plastc.com/