Thieves Get Bad news

gonzo · 11-10-2008

BitTorrent Lays Off Half of Its Staff

SAN FRANCISCO — The company behind file-sharing system BitTorrent has laid off 18 employees — about half of its staff — and may drop plans to challenge iTunes with its own network.

In August, the company let go 20 percent of its workforce in August and the layoffs are “showing signs of serious trouble while [BitTorrent] tries to commercialize its technology,” according to a New York Times report.
As an open-source technology protocol, BitTorrent represents about half the world’s Internet traffic.

The future of BitTorrent Entertainment Network, once heralded as a challenger to iTunes, is uncertain. The company’s 20 employees will work on BitTorrent DNA, a content delivery network that helps media and video game companies distribute their products cheaply over the Internet.
On Friday, BitTorrent announced that it was promoting Eric Klinker, who served as chief technology officer, to CEO. The company's co-founder, Ashwin Navin, has announced he's leaving the company.

http://www.xbiz.com/news/101490

11-10-2008	#1
gonzo Fat Fucking Nobody Want to see your own Advertising Here! Join Date: Apr 2003 Location: Atlanta,Ga. Posts: 17,795 Blog Entries: 11	Thieves Get Bad news BitTorrent Lays Off Half of Its Staff SAN FRANCISCO — The company behind file-sharing system BitTorrent has laid off 18 employees — about half of its staff — and may drop plans to challenge iTunes with its own network. In August, the company let go 20 percent of its workforce in August and the layoffs are “showing signs of serious trouble while [BitTorrent] tries to commercialize its technology,” according to a New York Times report. As an open-source technology protocol, BitTorrent represents about half the world’s Internet traffic. The future of BitTorrent Entertainment Network, once heralded as a challenger to iTunes, is uncertain. The company’s 20 employees will work on BitTorrent DNA, a content delivery network that helps media and video game companies distribute their products cheaply over the Internet. On Friday, BitTorrent announced that it was promoting Eric Klinker, who served as chief technology officer, to CEO. The company's co-founder, Ashwin Navin, has announced he's leaving the company. http://www.xbiz.com/news/101490 __________________ We are putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage." "Never try and be like anyone else" - Hunter S. Thompson "The truth is the truth no matter how you try and package a lie" - Shellee Hale