Gigaom, one of the better tech journalism sites around, shuts down
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Founded in 2006 by Om Malik, "Gigaom recently became unable to pay its creditors in full at this time," according to a statement released by Gigaom management last night. "As a result, the company is working with its creditors that have rights to all of the company’s assets as their collateral. All operations have ceased. We do not know at this time what the lenders intend to do with the assets or if there will be any future operations using those assets. The company does not currently intend to file bankruptcy. We would like to take a moment and thank our readers and our community for supporting us all along."
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Founded in 2006 by Om Malik, "Gigaom recently became unable to pay its creditors in full at this time," according to a statement released by Gigaom management last night. "As a result, the company is working with its creditors that have rights to all of the company’s assets as their collateral. All operations have ceased. We do not know at this time what the lenders intend to do with the assets or if there will be any future operations using those assets. The company does not currently intend to file bankruptcy. We would like to take a moment and thank our readers and our community for supporting us all along."
Assets of an IP-based (Intellectual Property-based) company ain't worth the paper the stories ain't written on. :confused: It's all just bits. Flip the switch and save the electricity. :D
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Assets of an IP-based (Intellectual Property-based) company ain't worth the paper the stories ain't written on. :confused: It's all just bits. Flip the switch and save the electricity. :D
Definitely a shame, though. Very solid site that did a lot of great coverage.
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Assets of an IP-based (Intellectual Property-based) company ain't worth the paper the stories ain't written on. :confused: It's all just bits. Flip the switch and save the electricity. :D
Still a long tail of serving ads on historical content...
Did you ever see history portrayed as an old man with a wise brow and pulseless heart, waging all things in the balance of reason? Is not rather the genius of history like an eternal, imploring maiden, full of fire, with a burning heart and flaming soul, humanly warm and humanly beautiful? --Zachris Topelius Training a telescope on one’s own belly button will only reveal lint. You like that? You go right on staring at it. I prefer looking at galaxies. -- Sarah Hoyt