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BitTorrent picks up $17 million as it shifts gears

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BitTorrent picks up $17 million as it shifts gears

Postby SlyckTom » Tue Sep 16, 2008 11:33 am

Story : http://venturebeat.com/2008/09/16/bittorrent-picks-up-17-million-as-it-shifts-ge

Coming on the heels of our post yesterday morning about BitTorrent’s new partnerships, it has emerged that the company has taken on $17 million in new financing, according to a filing ferreted out by peHUB.

The funding is a surprise, because BitTorrent’s business hasn’t been growing as strongly as the company anticipated. While CEO Doug Walker expected strong business from video companies, who need to distribute their content, demand for BitTorrent’s peer-to-peer sharing platform has been low outside of game distributors.



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Re: BitTorrent picks up $17 million as it shifts gears

Postby Fartingbob » Tue Sep 16, 2008 12:54 pm

What do they sell exactly? The BT protocol is free for anyone to use and adapt, why pay for it?
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Re: BitTorrent picks up $17 million as it shifts gears

Postby Your_Mentor » Tue Sep 16, 2008 4:51 pm

Fartingbob wrote:What do they sell exactly? The BT protocol is free for anyone to use and adapt, why pay for it?


They sell movies and such. . The BT store.
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