Monday, August 5, 2013

Facebook ad company in bankruptcy court

Texas Guardian Sunday 4th August, 2013

Syncapse, a well-known marketing company in the United States has gone into bankruptcy, laying off around one hundred people.

Syncapse was a social media marketing management company that had been developing marketing solutions within the social media sphere for companies such as Coca-Cola.

A US federal court has heard that Syncapse had been closely aligned with Facebook.

Syncapse was filed as a foreign company. It originated in Canada.

The court heard Syncapse had taken a $2 million loan which it was unable to pay on July 18th.

When a payment of nearly $2 million was demanded, Syncapse filed for court protection.

The comany has claimed liabilities of $1-$10 million, according to the court file.

Source: http://www.texasguardian.com/index.php/sid/216228996/scat/3a8a80d6f705f8cc

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