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Trutap, the free mobile social network – video demo from Trutap on Vimeo.

At times like these when every penny matters, Trutap has decided to cut short 80% of its workforce. The reason being its failure to secure second round of funding. There has been no concrete statement from the company in this regard but sources report that it’s serious about slashing out costs so they can continue providing their service. The question here is who are they going to keep out of their team of 30 people? And who will invest in the service so that it continues further and not succumb to these troubling times.