Marketing firm declares bankruptcy after allowing employees to expense ‘LinkedIn Premium’

TORONTO, ON – Recently released documentation from a bankruptcy proceeding revealed that a mid-size marketing firm filed for creditor protection two months after allowing employees to expense their LinkedIn Premium account costs.

“We never anticipated the magnitude of cash required to cover the cost of LinkedIn Premium...”

The documentation outlined how the company wanted to utilize the business social network to assist in lead generation; however, management failed to accurately forecast the hit to the company’s financial position.

“We never anticipated the magnitude of cash required to cover the cost of LinkedIn Premium for our 46 employees,” stated an executive with H5Q Venture Marketing. “It caught our entire Board by surprise,” continued the executive.