Shared Housing Startup HomeShare Shuts Down

A San Francisco-based shared housing tech startup that matched roommates to live in converted micro-apartments has shut down.

In a letter on its website, HomeShare CEO and founder Jeffrey Pang announced Friday that his company has shuttered its operations.

The closure comes a couple of weeks after the company laid off a majority of its staff and cut costs due to "unexpected financial constraints arising from a financing that did not materialize," Pang said.