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Old 11-10-2008   #1
gonzo
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Default 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
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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
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Old 11-10-2008   #2
LAJ
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Default Re: Thieves Get Bad news

This makes me very sad.
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Old 11-10-2008   #3
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Default Re: Thieves Get Bad news

Quote:
Originally Posted by LAJ View Post
This makes me very sad.
no PAR-TAY?
__________________
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
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Old 11-10-2008   #4
Hell Puppy
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Default Re: Thieves Get Bad news

The suave currently hang out on usenet...

All that's old is new again.
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Old 11-13-2008   #5
MikeSouth
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Default Re: Thieves Get Bad news

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Originally Posted by Hell Puppy View Post
The suave currently hang out on usenet...

All that's old is new again.
so so true.
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