The latest startup to fall victim to the recession: SplashCast, which had raised about $6 million in funding. SplashCast’s apps let users watch TV shows from within social networking sites — and chat and rate the content as they watch. “We demonstrated that premium content applications in Facebook and MySpace can be monetized effectively with high-end display advertising,” writes founder Mike Berkley on the company’s blog. “But that final chapter in the company
Social TV Service SplashCast To Close

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