Social network platform provider Ning is doing away with its free product, and, in turn, “forcing existing free networks to either make the change to premium accounts or migrate
their networks elsewhere,�
TechCrunch reports. What’s
more, Jason Rosenthal -- who only last month replaced Gina Bianchini as CEO -- says the company has to cut nearly 70 employees -- or more than 40% of its staff. “Our Premium Ning
Networks like Friends or Enemies, Linkin Park, Shred or Die, Pickens Plan, and tens of thousands of others both drive 75% of our monthly US traffic, and those Network Creators need and will pay for
many more services and features from us,� Rosenthal said in a statement. “So, we are going to change our strategy to devote 100% of our resources to building the
winning product to capture this big opportunity … We will phase out our free service.�
