Quirky Files for Bankruptcy, Plans to Sell Wink

Quirky is filing for bankruptcy and making plans to sell off Wink, its smart-home platform.

The inventive hardware startup has been publicly struggling over the last year, pivoting away from its original — and unprofitable — model of building products suggested by its community and focusing instead on making partnerships with established companies like GE.

But at that point, Quirky still had a lot to recover from. As described in a Verge report earlier this year, Quirky was mismanaged and burning through its remaining funds.

Read the rest of this post on the original site »

This article originally appeared on Recode.net.

Explanatory journalism is a public good

At Vox, we believe that everyone deserves access to information that helps them understand and shape the world they live in. That's why we keep our work free. Support our mission and help keep Vox free for all by making a financial contribution to Vox today.

One-Time Monthly Annual

$95/year

$120/year

$250/year

$350/year

Other

$

Yes, I'll give $120/year

Yes, I'll give $120/year

We accept credit card, Apple Pay, and Google Pay. You can also contribute via