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BitTorrent In Complete Disarray: President and CEO Leave; 18 Employees Laid Off

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Goes to the point that P2P is not a business model in itself, and then, of course, bad management will even make it worse: BitTorrent, the San Francisco-based company that has been trying to develop an online video service and company around the open source P2P delivery technology, has been in deep trouble for a while now, and the issues came to fore this week, as the CEO and President of the company have left. The company has also fired about half of its employees, 18 in number, and this after it laid off 20 percent of the staff in August.

Company co-founder and president Ashwin Navin is leaving to start an incubator (please no…) with a few other well-known tech execs like YouTube co-founder Steve Chen, as NTV reported yesterday. Then today, CEO Douglas Walker, who has only been in the job a year, also left; the company has appointed CTO Eric Klinker as the new CEO. Klinker also joined a year ago; founder Bram Cohen, who was previously the tech brain and inventor of the technology, has been serving as

2 Responses to “BitTorrent In Complete Disarray: President and CEO Leave; 18 Employees Laid Off”

  1. Fred Mudge

    BitTorrent phased out and finally closed their online media content store in Fall '08. The focus of the business since January '08 was BitTorrent DNA, a P2P content delivery network. That was a non-starter actually bringing in close to zero income. The store, while it was far from breakeven, did generate revenue. Apparently the new plan is to circle the wagons around product development and come up with a commercially viable implementation of the technology — most likely targeted at ISPs and other large networks who want to increase efficiency of data movement.