Ning cuts over one-third of staff, to begin charging

Apr 15, 2010
Ning, a Web company launched by Netscape founder Marc Andreessen that allows users to create their own social networks, said Thursday it was cutting more than one-third of its staff and would begin charging for its services.

Ning, a Web company launched by Netscape founder Marc Andreessen that allows users to create their own social networks, said Thursday it was cutting more than one-third of its staff and would begin charging for its services.

Jason Rosenthal, who was named chief executive of the Palo Alto, California, company a month ago, replacing Gina Bianchini, a co-founder of Ning along with Andreessen, announced the moves in a memo to employees.

Rosenthal said Ning would concentrate on the paid premium services which are providing 75 percent of its monthly traffic in the United States.

"We are going to change our strategy to devote 100 percent of our resources to building the winning product to capture this big opportunity," Rosenthal said. "We will phase out our free service."

"Existing free networks will have the opportunity to either convert to paying for premium services, or transition off of Ning," he said.

"As a consequence of this change, I have also made the very tough decision to reduce the size of our team from 167 people to 98 people," Rosenthal added.

Ning claims 43 million registered users and to have been used to create more than two million "Ning Networks."

Ning was launched in October 2005 by Andreessen, founder of pioneering company , and Bianchini, who stepped down as CEO a month ago.

Explore further: Number of websites explodes past a billion (and counting)

add to favorites email to friend print save as pdf

Related Stories

Andreessen fund's 1st investment has familiar ring

Aug 18, 2009

(AP) -- A new fund managed by Web browser pioneer Marc Andreessen and his longtime confidant Ben Horowitz is treading familiar ground with its first investment - a high-tech startup already tied to the two partners.

Microsoft's Patent Threats Evoke Retorts

May 18, 2007

Partly in response to Microsoft's recent patent threats to Linux and other open-source software, the FSF (Free Software Foundation) announced on May 16 the creation of a new activist campaigns team to organize public support ...

Recommended for you

A Closer Look: Your (online) life after death

13 hours ago

Sure, you have a lot to do today—laundry, bills, dinner—but it's never too early to start planning for your digital afterlife, the fate of your numerous online accounts once you shed this mortal coil.

Web filter lifts block on gay sites

13 hours ago

A popular online safe-search filter is ending its practice of blocking links to mainstream gay and lesbian advocacy groups for users hoping to avoid obscene sites.

Protecting infrastructure with smarter CPS

21 hours ago

Security of IT networks is continually being improved to protect against malicious hackers. Yet when IT networks interface with infrastructures such as water and electric systems to provide monitoring and control capabilities, ...

Apple helps iTunes users delete free U2 album

Sep 15, 2014

Apple on Monday began helping people boot U2 off their iTunes accounts after a cacophony of complaints about not wanting the automatically downloaded free album by the Irish rock band.

Habitual Facebook users: Suckers for social media scams?

Sep 15, 2014

A new study finds that habitual use of Facebook makes individuals susceptible to social media phishing attacks by criminals, likely because they automatically respond to requests without considering how they are connected ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

DaveGee
not rated yet Apr 15, 2010
So Marc, lemme get this right.. Publishers erectly 'pay walls' are nuts but... social networking sites doing it are... GOOD?!?!

Sorry I couldn't resist.