Will.i.am’s technology company i.am+ is running out of money, according to current employees, company emails, and documents obtained by The Verge.
Originally started as an iPhone case manufacturer i.am+ leaped into the hardware market with smartwatches and headphones before deciding to buy smarthome platform Wink.
Now employees haven’t been paid in 7 weeks and a deal with Dubai-based retail giant Majid Al Futtaim has gone AWOL, leaving the company reportedly cash-poor.
Add to that the company is over US$2m behind in its taxes and you’re painting a very bleak picture for the road ahead.
Source: Smart home platform Wink is dying as Will.i.am’s tech company is low on money – The Verge