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.