tr.im - the first of many to go?
They've announced today that they're shutting the service down, although existing URL's and the API will remain active until the end of the year.
Reading their blog, it's clear that the costs became too much for them to justify running the service, and that they couldn't find a revenue stream. They were also surprised at there being nobody wanting to take the service over - not to mention bit.ly being the standard URL shortener used by Twitter.
Sites like tr.im annoy me - a lot. It's clear there was no plan from day 1 on how the service would generate revenue - it was an afterthought, too little, too late. Then they exclaim surprise that nobody wants to buy them out. They talk about 'business reality' - when the reality was they never had a business, simply a free service that they failed to monetize.
Seriously, did we not learn from the last dot com boom and bust?
My biggest concern? They're pursuing larger opportunities. Let's hope they have revenue included...
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