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Author Topic: StockRiot Closes  (Read 3328 times)

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« on: January 11, 2009, 12:05 »
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Just in case you may have not seen it over in the other thread - this is the latest one to fold.

Dear StockRiot Contributors,

It is with great disappointment that we have decided to take StockRiot offline, effective immediately. Due to the state of the economy, we feel that this is not the right time to attempt our long-planned advertising campaign. Therefore, after much thought we are closing our doors with the hope that we may resurrect StockRiot when the economy is more forgiving.

We thank you for your time and contributions. All accounts will be settled via paypal before January. 31, 2009. If money is owed to you and you have not received your payment by this date, please email us to ensure that we have your correct information.

Our sincerest thanks for all your comments, suggestions and support.
The StockRiot team.
admin@stockriot.com


« Reply #1 on: January 12, 2009, 09:07 »
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ok, lets try this again -

some posts deleted due to 'making fun of a sensitive situation'

« Reply #2 on: January 12, 2009, 09:19 »
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Thanks Leaf. 

Sad to see another go.  However speaking "business-wise" I don't see what their angle was ever going to be.  I think it's fully possible for someone to startup right now and kick some tail but there has to be one thing these other startups aren't getting - serious investment money in advertising.  And a site that kicks tail. 

The only one that's *close* to being able to pull this off right now is Yay and so far I haven't see ads anywhere but places *I* go.

« Reply #3 on: January 12, 2009, 09:42 »
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Yes indeed thanks Leaf,

This is a warnig to all of us this is serious business and it could happen to anybody and everyone and it's not nice to make fun of it.


e-person

« Reply #4 on: January 12, 2009, 10:37 »
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Only SS and IS will be left.

« Reply #5 on: January 12, 2009, 11:44 »
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ok, lets try this again -

some posts deleted due to 'making fun of a sensitive situation'

Ok, my apologies for making fun of it.

But you all know what I think about any agency which is not in BIG5  ;D

« Reply #6 on: January 12, 2009, 11:59 »
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point taken :)  I can't say I am surprised that they closed down though.  I wouldn't be surprised if the 'new sites / low earners' list is half the size it is now within another 12 months.

I do like having the top sites competing for our attention, but I think there is a limit to how many sites is reasonable.

« Reply #7 on: January 12, 2009, 16:09 »
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Only SS and IS will be left.

My bet is DT and SS. Istock will become an affiliate of DT when DT buys Getty in 2012  :P

« Reply #8 on: January 12, 2009, 18:55 »
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Oh no! StockRiot closes! Hmm, wait a minute. I never heard of them. I'm thinking this is an early April Fool string.

lisafx

« Reply #9 on: January 12, 2009, 19:15 »
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I haven't heard of them either. 

But in general I feel sorry for anyone trying to open a business in this economic climate, and especially a new micro site.  The real opportunity for new sites in this industry seemed to happen 4 or 5 years ago...

« Reply #10 on: January 12, 2009, 20:57 »
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Beg to differ a bit lisafx.
The time is always ripe for someone to come along and do something better/faster/cheaper and/or significantly different. I started my first business (retail) when bank interest rates were 18%+ and unemployment was higher than it is now. Lots of folks cautioned that it wasn't a good "time" to do so. Thankfully I didn't listen.
It wouldn't surprise me if someone came up with a new twist in the micro stock world in 2009. And I wouldn't be shocked if two or three more existing sites folded in 2009.


 

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