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

Never heard of it

[rbanzai]

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

Re:Never heard of it

[Anonymous Coward]

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

The proprietor was a self-styled tech elite asshat. He impressed some people, but not enough apparently. He always struck me as a phony. Gigaom as a site had enough insider scoops that they were useful for breaking news in the actual tech industry (not the consumer tech industry that gets hashed and rehashed by Engadget, Slashdot, and a dozen others) so it had a little value, but it was never the tech thought leadership paragon that it pretended to be.

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?"

Re:Great story, Slashdot

[Thanshin]

Clearly the entire community of Gigaom upvoted the news piece.

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

Not Enough Apple!

[GNious]

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...

Well there's your problem right there...

[Dan East]

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...