Sequoia backed social media service Imeem laid off 25% of their 80 person staff.  In addition to the layoff the company hired investment bank Montgomery & Co. to help find a buyer (sucker) to pay $200m to buy the company.   Hello? $200m? last time I checked the stock market is down 39%.  Who has the stock currency (cash in your wildest dreams) to buy an advertising business especially with advertising rates being slashed?

Source: PaidContent