Joost slashes jobs: what went wrong?

Courtesy guardian.co.uk Technology  Tue, 06/30/2009 - 20:14

Online video provider Joost has been struggling for a while - but it's really bitten the bullet now, by saying it's going to remake itself as a white label video provider, cutting a significant number of jobs and losing chief executive Mike Volpi .

"In these tough economic times, it's been increasingly challenging to operate as an independent, ad-supported online video platform," said Volpi, who stay as chairman.

While Joost isn't completely dead - white...


 

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