$15 million later, the crappy news aggregator (Digg wannabe) laid of 20 employees and re-org. TechCrunch reviewed in 2005 (here) and (here).
Clickz reports it (here)
“We regret losing these dedicated, highly talented individuals,” Inform’s founder and CTO, Joe Einhorn, said in a statement. “However, given current market conditions, we believe this cost-cutting measure is prudent and serves the long-term interests of our clients and our business,” he continued.
Source: Clickz, PaidContent.org
{ 1 comment… read it below or add one }
Way to commit suicide.