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Indian-American Om Perkash Malik,Pioneering tech blog Gigaom shuts down

GigaOm,a tech blog founded by VC Om Malik,is shutting down after finding itself unable to repay creditors.The site has been serving up tech news since 2006

 A brief note from Gigaom:
Gigaom recently became unable to pay its creditors in full at this time. As a result, the company is working with its creditors that have rights to all of the company’s assets as their collateral. All operations have ceased. We do not know at this time what the lenders intend to do with the assets or if there will be any future operations using those assets. The company does not currently intend to file bankruptcy. We would like to take a moment and thank our readers and our community for supporting us all along.
— Gigaom management


Om Malik was so emotional, this show what it means to him :



we would love to thank the entire team of Gigaom for the inspiration to the numerous bloggers & tech savvy


we wish Om Perkash Malik would come up with something interesting & Bigger than Gigaom Just like KimDotcom.

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