techcrunch.com — File sharing service BitTorrent has undone its $17 million financing from earlier this year. The company, admitting that the their business was “not gaining sufficient traction,” has closed a new $7 million round of financing from those same investors at a “substantially reduced” valuation of $28 million.
Dec 14, 2008 View in Crawl 4
drgmdpDec 15, 2008
no, but i hate their spam techniques already
misterjanglesDec 16, 2008
The company is run by the guy who invented the protocol. Bit torrent wasn't made just for pirating, though it happens to be a convenient way to pirate stuff. It's actually a really useful way of distributing anything without needing huge servers and bandwidth.
rigoriousDec 17, 2008
I'd rather compare it to a knife in this situation. a knife is one of the best tools for killing, while it has a large secondary area of use.