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Gigaom Closes Shop

Posted by timothy on from the that's-a-shame dept.

Presto Vivace writes "What a loss for the tech community," linking to this announcement at Gigaom that the site is shutting down: Gigaom recently became unable to pay its creditors in full at this time. 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. — Gigaom management Reader bizwriter adds a link to this story on the shutdown.

3 of 101 comments (clear)

  1. Not Enough Apple! by GNious · · Score: 4, Funny

    Clearly they didn't post enough Apple news, Apple reviews, Apple opinions or other Apple-related articles, since no-one here seems to have heard of them...

  2. I have an idea by slashmydots · · Score: 3, Funny

    Good thing Slashdot posts slashvertisements, job leads from 1000 miles away, and show stupid bullshit spam ads to its 100% ad-blind readers. I guess that's how you stay afloat in this business.

  3. Re:Great story, Slashdot by Thanshin · · Score: 5, Funny

    Clearly the entire community of Gigaom upvoted the news piece.

    Apparently, on slow news days you can bypass the firehose with about 15 votes.