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Wireless Internet provider LightSquared has filed for Chapter 11 protection. LightSquared, the ambitious 4G wireless venture recently poised to bring lightning-fast Internet to the masses, filed for Chapter 11 bankruptcy protection earlier today. Government tests found that LightSquared's signals interfered with GPS reception, a setback LightSquared was never able to recover from.

Giving up isn't something that comes easy to entrepreneurs, but sometimes, giving up might just be the best move. Giving up isn't something that comes easily to entrepreneurs