The company made the announcement on Monday night with a statement on its website.
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.
I frequented Gigaom often. I followed their writers on Twitter and enjoyed their perspective when it came to the digital world. The reporters were smart and contained more knowledge about topics that I could ever hope to hold.
They even inspired at times. In 2013, I attended paidContent Live, a Gigaom event. I loved it. There were smart, funny people on the panels and in the audience. But more importantly, I left that conference feeling invigorated. I had ideas, purpose, and wanted to share them with the world.
Being a bit of a cynic, it takes a lot elicit those types of feelings but there I was floating down the streets of NYC thinking of ways to conquer the digital publishing landscape.
I’m certainly disappointed about the news, and I hope that the women and men of Gigaom land on their feet soon.