Amazon-Backed Dot-Coms Have Rocky Week

Share this content: lost one partner to bankruptcy and another merged with the competition.

Furniture e-tailer, Austin, TX, this week shut down and said it would declare bankruptcy. The company, which was backed by and Benchmark Capital, was unable to raise additional funding to stay viable and laid off its 275 employees.

Amazon, which sold furniture through, removed its "Home Living" tab from its site.

Also this week, Amazon-backed agreed to merge with its rival Details of the merger were not released, but the company will ultimately operate under the name Amazon does not sell alcohol.

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