Hi ThinkMobile readers - all the great mobile apps, devices and reviews are now a part of mediabistro's SocialTimes.com. Thanks for reading!

Report: BitTorrent Begins Layoffs

BitTorrent_Logo.jpg

GigaOM is reporting that pink slips have been handed to some of the employees of San Francisco-based BitTorrent. The article said that the layoffs stem from an ill-fated attempt to spin off a “consumer distribution effort” to Best Buy for $15 million, which eventually fell through.

GigaOM founder Om Malik said he thinks BitTorrent can save itself, mainly because it’s so popular, and because it’s a strong infrastructure for distributing large video files in addition to music—something that partners could eventually make good use of. “BitTorrent has been working with a handful of set-top box makers such as Pace Micro, and is trying to embed its technologies into other devices,” Malik wrote. “The funny thing is that even [wireless] carriers want to work with them. All of this makes this company salvageable.”

Related Stories
Mediabistro Course

Instagram Marketing

Instagram MarketingStarting October 27, learn how to gain likes and followers on one of the most popular social media platforms! In this course, you'll learn how to develop an Instagram strategy that will make your profile stand out and gain new followers, tell a brand story through photos, and use your Instagram profile to drive your sales and business objectives. Register now!