Mercury News: Fremont solar tech firm Solyndra to shut down, lay off hundreds of workers
Solyndra, a Fremont-based solar panel manufacturer that flared then sputtered, abruptly ceased operations on Wednesday and immediately laid off all 1,100 of its workers.Even with $535 million of taxpayer money, Solyndra could not compete in the solar panel industry. Think about that. Then think about the interest you and will be paying on that "investment". Unreal.
The shutdown marks a high-profile collapse of a company that received more than $1.6 billion in federal and private funding in recent years.
Update: Corrected title and copy to reflect the $535 million figure that Zerohedge ran.