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Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

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TLDR — Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions.

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Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of millions.

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