According to CrunchBase Meebo took in about 70 million in investment over the course of the company. They started in 2005 and kept growing so you might guess their burn rate is about a million bucks per month. (LinkedIn lists 160 Meebo employees, so a million might even be way low)
Perhaps 6-12 million dollars is insignificant by your standards, but if they don't have the dough then they have to close up shop. You could argue that they could fire everybody and just keep a skeleton crew to keep the site running for a year, probably much cheaper. But what purpose would that serve for them? It would be a dead company at that point.
Perhaps 6-12 million dollars is insignificant by your standards, but if they don't have the dough then they have to close up shop. You could argue that they could fire everybody and just keep a skeleton crew to keep the site running for a year, probably much cheaper. But what purpose would that serve for them? It would be a dead company at that point.