Video site Revver shopping itself for a song

Iria · Feb 6, 2008, 04:09 PM

Source: News.com
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Revver, a YouTube competitor that made a name for itself by paying video producers, has fallen on hard times.

The company's staff has dwindled to less than half the size it was 18 months ago, according to former employees. Rumors flitter around the Web about whether the company is running out of money. Now comes word that Revver has been trying to sell itself at a fire-sale price for months, according to three sources close to the company.

Feb 6, 2008, 04:09 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Video site Revver shopping itself for a song Source: News.com _____________ Revver, a YouTube competitor that made a name for itself by paying video producers, has fallen on hard times. The company's staff has dwindled to less than half the size it was 18 months ago, according to former employees. Rumors flitter around the Web about whether the company is running out of money. Now comes word that Revver has been trying to sell itself at a fire-sale price for months, according to three sources close to the company.