Money troubles force Gigaom to shut down

MrPogi

Moderator, , Webmaster of Cache Free TV
Staff member
#1

From Gigaom's Website:


Gigaom Management
Mar. 9, 2015 - 5:57 PM PDT
113 Comments

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
While the reasons for Gigaom's problems are not revealed, I'm pretty sure that Google's most recent algorithm updates are a part of the problem.
 
Last edited:
Top