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Blippar: Ceo Held Crisis Meeting On Monday Over Collapse Risk

by businessinsider.com posted 1month ago 45 views
Blippar CEO Ambarish Mitra held a crisis meeting with staff on Monday about the firm's imminent risk of collapse. According to one person who attended the meeting, Mitra was too emotional to finish his speech and new chief operating officer Libby Penn had to finish on his behalf. Blippar confirmed on Monday that it was close to administration — similar to bankruptcy in the US — thanks to one investor blocking an emergency fundraise from another backer. In a terse email to staff on Wednesday, Mitra said the situation remains deadlocked.

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