GigaOm or How Not to End A Great Tech Site’s Existence

I started reading and writing about GigaOm way back in 2006 or 2007 with the advent of CostPerNews. When Arrington sold TechCrunch, I was glad that at least sites driven by their creators such as GigaOm were still there (post Read/WriteWeb etc etc).

I was sad to see that GigaOm and company are now shutting down due to lack of funding.

The web is changing and all things drift towards entropy. But GigaOm was one of those sites that employed tech writers I loved to read like Kevin Tofel and Matthew Ingram. It’s disheartening to see an outlet like that not able to survive in 2015.

Here’s to a better web that supports great writers.

I’m guessing this was written by someone who either was callous or someone who was disinterested…

A brief note on our company

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

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