Bloom.fm to shut down after investor pulls funding: ‘This is a poetically crappy turn of events’

Bloom.fm is shutting down its mobile-focused music streaming service, after its investor decided to “unexpectedly” cut off funding. In a short statement, the company said it was “shell-shocked” and unable to find new investment at such short notice. The company described its fortunes as “poetically crappy” after surpassing over a million registered users in the UK. “A massive thanks to everyone that helped us get this far,” the blog post reads. “We’re absolutely gutted. But it’s been a real pleasure.” Earlier this month, Bloom.fm said it was blocked from using Apple’s iAd mobile advertising network because its service was in...



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