Well there are definitely layoff all around the tech world but Spot Runner has banged hard by throwing 115 people off the teams board. However most of these will be made in the local advertising business it recently got its hands in with the acquisition of Weblistic.
The company had raised $51 million and can afford buying out a few firms but that wouldn’t be in the best of its interest given the rapid decline in market. CEO Nick Grouf plans to improve and develop technologies, enhancing the way TV ads are being marketed.
[Via TechCrunch]
My opinion? I think SpotRuiner is hopeless. Depending on who you talk to, SpotRuiner may have burned through millions per month to try to catch up to discount agency CheapTVSpots. SpotRuiner ads were canned and mom and pops had the opportunity to dilute their brand while spending too much for SpotRuiner’s overpriced air time. What an embarrassment for SpotRuiner’s employees and investors. Couldn’t they see this coming? Poor Weblistic!
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