May YouTube Clone Veoh Rest In Peace

Apparently Veoh Networks, an online video company vaguely similar to YouTube, has "laid off its workforce yesterday and is expected to file for Chapter 7 bankruptcy protection".

It's sad to see the site go under as some of us have fond memories of using it, but what's sadder is seeing about $US67.5 million in venture capital funding evaporate into nothing. [peHUB]

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