All operations have ceased.
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.
Twitter was flooded with lots of reactions from Gigaoms employees once this message was posted by Gigaoms management.
The blog read :Gigaom is winding down and its assets are now controlled by the companys lenders.
It is not how you want the story of a company you founded to end.
Gigaom had many great journalists and in addition it also had its event business and research team.
The company relied on venture capital firms for its funding.
Malik had noted that Gigaom has raised more than $8 million in new funding.
Malik had then ended his post stating : Writing, to me, is the meaning of life.
My life became something special because of writing.
Monday evening the site published a lot of news related to Apples event and much more new contents.
However, eventually it has been closed which is truly a sad day for the tech media.
source: www.techworm.net
