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Blueboard shuts down with no mention of returning assets

10 pointsby MobileVetabout 1 year ago

6 comments

MobileVetabout 1 year ago
We utilized Blueboard for one of our employee recognition programs. Every year, on your anniversary, you were awarded a gift of your choosing. They provided a lot of fun options, from cooking classes, to furniture, to ski trips and everything in between.<p>Structurally, we paid them for each award and then they handled the administration of the awards, including concierge service as our employees redeemed them.<p>The result is that if an employee hasn&#x27;t used an award, Blueboard was banking the money on their side.<p>In a &#x27;fantastic&#x27; case study in how NOT to shutdown a company, today we (including all of our employees) got an email saying they were shutting down immediately. No mention of returning funds was made, which is the #1 question of any customer of theirs needs to know. A close #2 would be the status of awards that were currently in process or booked, also not mentioned in the email.<p>Does anyone have further information on this? Has anyone been able to make contact with the team?
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inothernews24about 1 year ago
I never received an email. I found out through my employees who got the notice. I tried reaching out with no luck... I contacted our legal counsel and it turns out there is not much any of us can do in this situation. If you hear of anything, please let me know. I don&#x27;t know if all of us who had money sitting with them can come together to do something. I&#x27;ll save this link to see if others chime in once they realize what happened and start googling themselves.
accountability4about 1 year ago
CEO is nowhere to be found but the CFO posted this message. There is a huge lack of accountability from their executive team. But you can try here<p><a href="https:&#x2F;&#x2F;www.linkedin.com&#x2F;posts&#x2F;scottbroomfield_to-our-blueboard-customers-im-very-sad-activity-7173533065934303232-4cmt?utm_source=share&amp;utm_medium=member_ios" rel="nofollow">https:&#x2F;&#x2F;www.linkedin.com&#x2F;posts&#x2F;scottbroomfield_to-our-bluebo...</a>
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bbfckedmeoverabout 1 year ago
Everyone should send an email to taylor @ blueboard . com about this. Just my two cents here as an ex employee
softwaredougabout 1 year ago
I feel completely out of the loop. What is Blueboard? What assets does it hold onto?
nottsmithabout 1 year ago
You know it’s a solid business plan that shouldn’t be investigated when the employees were told not to ever say “ponzi” or “pyramid” lmao
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