Cory Booker's Failing Video Startup Sold for PeanutsS

Waywire—which served briefly as an unpopular connection between Senate hopeful Cory Booker and his influential friends in tech—has a new owner. AllThingsD says it's "unlikely that the deal placed a high value on Waywire."

It was only last month that TechCrunch was so hopeful—but the whole thing was dead on arrival, a shell of a startup, with vacant office space and a rarely updated website. It was never going to work out as anything more than an exercise in dilettantism.

Booker's cut of the buyout, however meager, will go to charity. No word on how Jeff Zucker's 14-year-old son will do.