AskMe fires 4,000 employees over cash crunch
Consumer internet search platform AskMe has reportedly fired 4,000 of its employees as it is shutting down due to cash crunch. AskMe's sister concerns, online retailer AskMeBazaar and furniture seller Mebelkart, have also stopped operations. The shutdown comes after AskMe's investor Astro Holdings, which owns over 97% stake in the company, refused to participate in the next round of funding.