Edgeio, after trying bold new ad model, to auction assets.
[Update: Edgeio has since launched the auction here, and the company has posted some interesting stats about its recent business here.]
Edgeio, the company that hoped to revolutionize classified advertising by letting people submit their ads for distribution across on the web, has closed its doors after running out of money.
However, it plans to auction off its assets this week, chief executive Keith Teare tells VentureBeat.
The approach was novel: Edgeio wanted let you bypass the need… Continue Reading