Slashdot Mirror

← Back to Stories (view on slashdot.org)

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.

4 of 101 comments (clear)

  1. The tech site of my dreams by Anonymous Coward · · Score: 3, Interesting

    Tech is escapism. I want the tech site that doesn't preach political bullshit of any persuasion, yet still isn't a tech industry PR news feed.

  2. Never heard of it by rbanzai · · Score: 5, Interesting

    Can someone summarize what it's value was to the tech community?

    1. Re:Never heard of it by Isca · · Score: 3, Interesting

      The sad part is that I went to their main page and scrolled back the last few weeks of stories. It seems to have an Ars Technica feel to it, which is a good thing. I may have even bookmarked it and read it on occasion had I known it existed...

  3. Well there's your problem right there... by Dan+East · · Score: 5, Interesting

    Gigaom reaches over 6.5 million monthly unique readers and continues to be the leading independent voice that demystifies emerging technology through its news, events and research. We’re a new type of media company with a business model that leverages technology, transparency and access to information. The company’s growth has been propelled by great writers, journalistic integrity, industry depth and audience engagement.

    We offer integrated advertising programs across all of our channels: Cloud, Data, Media, Mobile, Science & Energy, Social & Web, and Podcasts. With a strong mobile reach of over 2 million monthly readers, our mobile advertising on Flipboard is highly targeted. With an array of podcasts, newsletters and other custom campaigns, we have a campaign offering to fit any client’s budget and marketing goals.

    I don't know who these "6.5 million monthly unique readers" are, but if the regular crowd at Slashdot has never even heard of their site, then they weren't really reaching 6.5 million people, or they were the wrong 6.5 million people. According to their careers page it looks like they had a lot of overhead and tried to run like an old fashioned news company with two offices in major cities. They certainly weren't lean-and-mean.

    https://about.gigaom.com/caree...

    --
    Better known as 318230.