Gigaom Closes Shop

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.

Comments

Who or what is Gigaom?

[Nighttime]

Until this story, I'd never heard of them. Would it have hurt to included a brief sentence or two in the summary as to why it's "a loss for the tech community"?

Great story, Slashdot

[wonkey_monkey]

Thanks very much for this story about a website no-one has heard of shutting down. Bonus points for not even telling us what the website's raison d'etre was in the first place, or why we should care that's it closing.

As you can see it has stimulated much discussion, all of which is so far on the topic of "what the fuck was Gigaom?"