The Net implosion continues...

Published on June 2, 2001 By Frogboy In WinCustomize News

Rumor has it from f'd company that Shockwave.com. Yes, THE Shockwave is about to go out of business.

Not enough revenue from banners anymore.

Comments

craeonics

on Jun 02, 2001

Okay, I'm going to play dumb crae here, but what is THE ShockWave (no, I haven't seen the site yet)?

The only shockwave I know is the format used for Director movies on the net. And we all know Director's made by MacroMedia, who're swimming in money, so that's not the shockwave meant here...

Hmm, better check that site anyway...

craeonics

on Jun 02, 2001

"Sorry, browser not supported"... Quite the professional attitude. Seems like the shockwave I was thinking about though. Odd...

Lestaticon

on Jun 02, 2001

It's not a rumor! They've fired over 170 employees, which is just about 100% of their work force!

And yes, the one and only shockwave.com

Lestaticon

on Jun 02, 2001

Oh but I don't believe they're going "out of business." Sorry for the staff they laid off though. As far as I know, they're doing a business restructure.

Lestaticon

on Jun 02, 2001

Oh forgot to mention.
Craeonics, shockwave.com is actually a spin-off of macromedia. It's a merger of Atom Films (bought by macromedia) and Shockwave (now Atom-Shockwave). Macromedia continues to make software to produce shockwave media regardless.

Anyway, the point is don't worry about it.

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