DEADPOOL
by Michael Arrington on January 10, 2009

In an effort to control costs and consolidate products, MySpace parent company Fox Interactive Media is shuttering the SpringWidgets (which launched in 2006) and Flektor (acquired in 2007) widget platforms. Twenty five employees are affected.

Ten employees at Flektor’s Culver City offices will have the opportunity to interview for positions at MySpace. It’s not clear if SpringWidget’s fifteen employees, located in Atlanta, Georgia, have been laid off or will be able to find new jobs within MySpace. Both sites are set to be shut down, says a FIM representative.

SpringWidgets has evolved into a platform that MySpace uses to create widgets for advertisers. Flektor is a Slide and RockYou like widget platform that lets users create slideshows with photos and other small applications.

by Robin Wauters on January 7, 2009

Hearst Corporation unit UGO Entertainment has agreed to acquire 1UP.com, a property attracting a gamer audience along with its associated sites including GameVideos.com, MyCheats.com and GameTab.com. There had been rumors about a pending acquisition for a couple of weeks (more specifically, reported by Joystiq), but yesterday evening the company released the official news.

The acquisition deal is structured as an asset purchase between UGO Entertainment, which itself was acquired by Hearst Corp back in July 2007 for a reported $100 million plus, and the Ziff Davis Games Group who owned the 1UP Network. Sadly, the acquisition also meant a number of lay-offs at 1UP, with the ‘1Up Yours,’ ‘1Up FM’ and ‘1Up Show’ podcasts being terminated.

by Robin Wauters on January 4, 2009

When AppLoop launched its self-service platform for tracking and advertising on mobile applications last July, we were quite impressed. Leveraging the iPhone 3G’s native GPS capabilities, AppLoop’s geo-aware mobile ad network was able to tell when a consumer was close to a specified business address and serve up ads for that business accordingly.

Last October, the startup came out with the App Generator, a nifty tool that turned any online publication with an RSS feed into a separate iPhone application.

Now, we’re hearing rumors that the startup is in trouble, and they appear to hold some truth. For one, the company’s website has been down for the past two days. Worse, a quick glance on Twitter suggests that the service’s downtime is also causing iPhone apps using AppLoop libraries to crash.

by Robin Wauters on January 3, 2009

Blogging platform JournalSpace (which I’d never heard of to date) has ceased to be, following a wipe-out of the main database for which there was no back-up in place. According to the JournalSpace blog, the database was overwritten as a result of a malicious act from a disgruntled ex-employee.

It was the guy handling the IT (and, yes, the same guy who I caught stealing from the company, and who did a slash-and-burn on some servers on his way out) who made the choice to rely on RAID as the only backup mechanism for the SQL server. He had set up automated backups for the HTTP server which contains the PHP code, but, inscrutibly, had no backup system in place for the SQL data. The ironic thing here is that one of his hobbies was telling everybody how smart he was.

More information is available here.

by Erick Schonfeld on January 2, 2009

It’s not a good time to be a print magazine right now. Even a crowdsourced magazine with a stripped-down staff that relies on the contributions of its more talented readers. JPG Magazine and its parent company 8020 Media is shutting down after running out of money and not being able to find any new investors. The seed investment had come from Cnet founder Halsey Minor, who apparently also did not want to put in any more.

JPG was an attempt to create a photography magazine that relied on its readers for its content and included them in the editing process. Nearly 200,000 photographers have submitted photographs for consideration to JPG, many of them via Flickr. The site itself was able to attract about 300,000 unique U.S. viewers a month (Quantcast), but its business model relied on selling print ads. And that’s a business you don’t want to be in right now, especially if you are a startup with an artsy photo mag that was never very appealing to advertisers.

by Erick Schonfeld on December 18, 2008

The digital mixtape is dying on the Web. The RIAA is killing it just like it tries to kill anything that smacks of consumer-driven innovation. Digital mixtapes are nothing more than shared playlists. Sites that make it easy to create and share music in this fashion are shutting down left and right. Muxtape bowed to legal pressure from the RIAA earlier this year, and now Mixwit is shutting down as well. The service will cease to exist before the end of the year.

In a blog post announcing the imminent closure, Mixwit does not specifically mention any legal action by the RIAA, but it is not hard to put two and two together:

by Robin Wauters on December 17, 2008

Yahoo is definitely on a cutting spree: after shutting down both Y!Live and Jumpcut, as well as selling off Kelkoo, it’s now time for Yahoo Kickstart to pay a visit to the deadpool.

Kickstart was launched in April this year and aimed to connect students and alumni at specific colleges and universities and also help them connect on a professional level.

by Robin Wauters on December 17, 2008

Online video editing service Jumpcut, which was acquired by Yahoo! in September 2006, appears to be in the process of shutting down.

From their website:

We’re sorry to announce that we are no longer accepting uploads to Jumpcut.

We will be keeping the Jumpcut site up and running for the foreseeable future so you‘ll still be able to play, remix and share your existing movies – you just won’t be able to upload anything new.

If you’re looking for a place to upload and share your video, we recommend that you head over to Flickr: http://flickr.com/explore/video

by Erick Schonfeld on December 12, 2008

After a lull around Thanksgiving, December has seen some of the biggest layoffs in the tech industry yet since the economy entered its tailspin in the fall. Our Layoff Tracker is now past 100,000 lost jobs (109,629, as of this writing) across nearly 300 different technology and media companies both large and small. To put this in perspective, Citigroup alone announced 52,000 layoffs in November, and across the U.S. economy, just counting September and October, there were nearly 500,000 unemployment claims as a result of mass layoffs (data isn’t in yet for November or December).

by Robin Wauters on December 12, 2008

The idea behind Leverage was simple and had some potential: it offered an advanced management system for gift cards, hugely popular worldwide especially this time of year, so you could register all of them and keep track of how much you have left or stored on each one. You were also able to buy gift cards, or swap them with others. The service also let you manage all of your loyalty reward programs, such as frequent-flyer or frequent-stay plans.

Leverage, which was founded in May 2005 and had raised $2 million in angel funding, planned to generate revenue by reselling gift cards (see our launch coverage for more). It turns out the business model wasn’t solid enough to keep the company afloat during tough times. It appears the entire staff has been laid off (right before the holidays, which is supposed to be a key period for this type of company) last week.

by Erick Schonfeld on December 11, 2008

The pink slips were passed out on Thursday throughout the various business duchies that make up CBS Interactive—CNET, CBS.com, CBSNews,com, CBSSports.com, BNET, GameSpot, TV.com, last.fm, and CHOW. While CBS confirmed to me and other reporters that layoffs did happen across the board, it refused to talk about how many total people are losing their jobs. That left us scrambling about gathering piecemeal information. There were about 20 layoffs at Last.fm; 8 editors, we hear, at CBSNews.com are out of a job; another set of “redundancies” were eliminated at CBSSports.com.

But how big exactly were the layoffs, especially at Cnet, where most of the employees reside? CBS, which is at heart a news organization, doesn’t want the public to know how many layoffs just occurred at CBS Interactive. As of this writing, Cnet didn’t even report the fact that there were layoffs on Thursday. Neither did CBSNews.com. And it’s not because they didn’t get the memo (from CBS Interactive CEO Quincy Smith, reprinted below).

by Michael Arrington on December 1, 2008

Accoona, the highly suspect New Jersey based search/electronics retailer, has suffered what might be its final disgrace – the closure of its last business, Twing.

The company, which offered a search product, has a rich history. Founder Marc Armand Rousso has a shady past involving stock fraud, and former President Bill Clinton was a spokesperson for the company.

Most of Accoona’s $137 million/year in revenue came from distributing electronics after buying a number of retailers in Brooklyn. In 2007 they canceled a planned IPO. The reason? The underwriter pulled the plug, saying “After completing our due diligence review, we have chosen to disassociate ourselves with the company.”

by Jason Kincaid on December 1, 2008

Pownce, the media-rich Twitter competitor once labeled by the New York Times as “the hottest startup in Silicon Valley”, is headed to the deadpool after being acquired by Six Apart. The service, which was co-founded by Digg’s Kevin Rose along with Leah Culver and Daniel Burka, will be closing its doors on December 15. Users will be able to export their accounts to other services, allowing them to retain their messages and media, but it looks like Pownce users will have to turn to Twitter for their micro-blogging needs (if they haven’t already). Culver and Mike Malone (Pownce’s two engineers) will be integrated into the Six Apart team.

The news doesn’t come as much of a surprise – Pownce has long struggled in the shadow of Twitter in the microblogging space, despite the fact that the Pownce crew objects to being called a Twitter competitor. There were some major differences: Pownce allowed users to share photos, music, videos, events and offered niceties like an official AIR application, but its core functionality was still very similar.

by Robin Wauters on November 30, 2008

The company behind MyQuire, a simple but pretty powerful online application that lets individuals and team members work on projects in a social network-like environment, has been recently acquired.

That’s about all we know. We got in touch with CEO Michael Dawson but he declined to comment or share any details because the buyer apparently requested full confidentiality on the deal.

A tipster shared the following e-mail he received:

We have some big news! After nearly two years of building MyQuire, we have been acquired. We have had a great time working with you, and couldn’t have gotten here without your help.

As part of this deal, we will no longer be able to operate MyQuire.com. Services on the platform will end January 1, 2009. We apologize for any disruption to your work.

The collaboration tool was first launched about 14 months ago at the DEMOFall conference but we hadn’t really heard anything from or about the company since.

by Robin Wauters on November 27, 2008

A quick update on the Mobuzz saga (the Spanish online video entertainment startup turned to asking for user donations to keep its head above water): they’re now officially in the deadpool.

From the website:

It is with deep regret that we inform our friends and fans that MobuzzTV has closed officially today. We need to take some time to see how best to reorganise our project. We have been talking with many interested parties but unfortunately we have not been able to financially sustain our operations until the agreements were closed.

The company has made it clear that all donations will be returned, and that the video archive built up over the last 4 years will remain online.

by Erick Schonfeld on November 19, 2008

Even Google is getting into the downsizing spirit. It just announced that it is killing Lively, its browser-baseed virtual worlds that could be embedded into other Websites. Lively launched just last July. The death notice on the site says it will shut down on December 31, so we are adding Lively to the deadpool.

Lively just never took off, and was extremely far afield for Google. We should have known something was up when we noticed that it didn’t work with Google’s own browser, Chrome.

What else is being cut at Google?

by Michael Arrington on November 15, 2008

AOL is on a product-cutting spree. In addition to the shuttering of XDrive, AOL Pictures, MyMobile And Bluestring, the company will also be shutting down the AOL Video Uploads service starting this week.

Users must move their videos prior to December 18, when the service closes for good and the videos will no longer be available. AOL is recommending that users transfer videos to Motionbox, a New York based video sharing and editing startup that we first covered in 2006.

The FAQ that AOL will distribute to users this week is below. This change doesn’t appear to affect AOL Video itself, which focuses on professional content from Hulu, CBS and other sources.

AOL Video Uploads

Q. When will the AOL Video Uploads close?

Effective December 18th, 2008 , AOL Video Uploads (uncutvideo.aol.com ) will be closed and all videos stored will no longer be accessible through AOL Video Uploads. AOL has evaluated several personal video offerings, and believes Motionbox, a leader in online personal video, to be the best suited to handle the needs of AOL Video Upload users. Motionbox is FREE and includes some great features.

We are recommending users go through a simple transfer process to move their videos to Motionbox, and also giving them the option to download or delete videos stored on the site.

by Erick Schonfeld on November 14, 2008

Since the last time we gave an update at the beginning of the month there have been 20,171 layoffs at tech and media companies added to our Layoff Tracker. That brings the total to 58,709 tech layoffs over the past two and a half months.

One previously unreported layoff we have been able to confirm is 10 people at classifieds search engine Oodle, which occurred last week and represents a 20% reduction. Another layoff happened at Rearden Commerce, which trimmed about 40 people, or 10 percent (and Rearden just raised $100 million, showing that no company is immune).

The biggest layoff this month was announced just today by Sun Microsystems, which will be reducing its headcount by 5,000 to 6,000 (15 to 18 percent). Other big tech companies also announced cuts earlier this week, including Applied Materials (1,800 layoffs), Nokia Siemens Networks (750), and National Semiconductor (330).

by Erick Schonfeld on November 11, 2008

Christos Cotsakos has the opposite of the Midas touch. Everything he touches seems only to implode. This happened to E-Trade back in 2000-2002 when he was the CEO. Cotsakos was famously replaced after enriching himself with a $78 million pay package during a year the stock tanked 53 percent. He had to give back some of that money, but kept enough to live lavishly in Florida and pour millions of dollars into an ill-conceived social network for international swingers called Moli.

Never heard of Moli? Don’t worry. It also just imploded. Moli was a me-three social network that was founded in 2006 way after that train had left the station, and didn’t launch publicly until January 2008 at DEMO. The main differentiating factor, if you can call it that, was the ability to show different profiles to different sets of contacts (personal, business, family). The site never got above 2.5 million visitors a month, according to Compete (see chart above). And we have learned from several former employees that most of its staff has been laid off, from a peak employment of about 55.

There was a big round of layoffs last September, when all but 15 or so people were let go. Last week, most of the remaining employees were cut loose. The site is still up, but it seems like there are only a handful of people left keeping the lights on hoping for a sale. That is unlikely to happen. We are placing Moli in the deadpool. (And something tells me many more social networks are headed there as well).

by Robin Wauters on November 7, 2008

Atlanta, GA-based iKobo, a company that provides a worldwide money transfer service, is discontuining its operations, effective immediately. In an e-mail to its users, the company writes:

We regret to inform you that iKobo is discontinuing services. Effective immediately, no further money transfers to your iKobo account will be allowed. Your card issued by Palm Desert National Bank will continue to be active until November 13, 2008. Your card will no longer work after this date. However, the card funds are safe and guaranteed, even after the card is de-activated.

The rest of the e-mail after the jump.

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