First-stocks.com is shutting down

Internet: The Bern-based financial platform First-stocks.com is ceasing operations. It had been launched just this summer by Hans Fischer and Nicolas Berg, co-founders of what is now the Ringier platform Borsalino. According to a statement, technical delays during the third round of financing led to higher-than-planned capital requirements. Despite intensive discussions with existing and new investors, the fundraising effort failed in early October. The free multimedia financial newspaper Firsttoday.ch, which First-stocks.com launched in partnership with St. Gallen-based Bluebull AG, is not affected by the shutdown.