Moko Social Media goes into administration

June 9, 2017 11:35

Once promising Australian online media company Moko Social Media which promised to take on Google and Facebook has been placed in voluntary administration with Deloitte being appointed to run the business on May 31.

In recent years the company focused on developing mobile products aimed at the US high school and college student markets having shifted away from being a social media and digital content creator.

The company was listed on the ASX in 2007 as Loop Mobile and raised $8m in its NASDAQ IPO in 2014. The stock was delisted from the US market in June 2016 after falling below capital requirements.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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