All Of Your Money Is Already Gone

Powa Technologies missed staff and contractor payments

Mr Wagner has predicted that the business will be bigger than Google or Alibaba, the Chinese ecommerce group. “What we’re building here is the biggest tech company in living memory,” he told the Financial Times in April last year.

Holy shit. If I was an investor, I’d demand my money back after reading that.

Update: And here we are, two days later, February 19, and the house of cards has collapsed: Powa Technologies, once a darling of the UK tech scene, collapses into administration

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