Technology and Research blogging website, Gigaom, shut down its operations on Monday evening. Gigaom blog’s provided news, analysis and opinions on start-ups, emerging technologies, and other technology related topics.
According to the management on the official website, the company became unable to pay its creditors and thus, “all operations have ceased”. Om Malik, the Founder of Gigaom posted on his personal site, “Gigaom is winding down and its assets are now controlled by the company’s lenders. It is not how you want the story of a company you founded to end”. Employees and regular users took to social networking sites to express their feelings on the matter.
Gigaom was started in 2006 by Om Malik, and reached a peak of over 5.5 million global readers per month in 2012.