A number of people have reported about Linkshare putting SunRocket “on hold” as a merchant (see Garrett Smith’s post for example).
Om Malik and Andy Abramson have both hinted that the company may have serious problems. There were many rumors flying about and recently the Washington Post confirmed July 3 that SunRocket laid-off a quarter of its workforce, about 30 employees, to ‘reduce costs.’
Linkshare questions the “capability of SunRocket to remit payment” for referrals. As far as I know, SunRocket has made no official statements about this, so it’s hard to say if this is just a scuffle with Linkshare specifically, or something more than that.
SunRocket has reportedly received $80 million in venture capital. Considering what Vonaga has
spentwasted, $80 million is nothing, but it’s still a lot of cheese, if you ask me.