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Ax Falls On Ning And Its Free Service

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." 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 U.S. 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."

Read the whole story at Tech Crunch »

1 comment about "Ax Falls On Ning And Its Free Service".
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  1. Warren Lee from SEO-CUBED.COM, April 16, 2010 at 12:32 p.m.

    I invested about 4 hours in building a fun NING community for a friend about a year ago, the plan was to upgrade to pro service and host on his domain. Problem was NING customer service never ever got back to me and it was literally impossible to get them to move the content onto our own domain because they were so completely unresponsive. No wonder it sounds like they are doing poorly, I imagine many others also have similar experience wasting there time with this platform.
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