Future Uncertain For Social Startup Lockerz

Lockerz, a social commerce and photo-sharing service, is hemorrhaging staff, TechCrunch reports. The startup -- which has so far raised some $43.5 million from Kleiner Perkins Caufield & Byers, DAG Ventures, Live Nation and Liberty Media -- is defending the layoffs as part of a broader restructuring. TechCrunch, however, wonders whether Lockerz can regain its mojo.

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