This is just in tripmela.com an online deal aggregator newsletter has decided to shut shop. This was an email which came in from Jared Blank CEO,Trip mela.
“Given all of the upheaval in the market, we’ve decided to close up shop. We’ve done everything we can, but we don’t see an end in sight to the slowing travel and advertising market, and we simply don’t have the cash to ride it out.
We’ve put the business up for sale on eBay India – we’re selling Tripmela.com, Searchmela.com and – what I think is actually most valuable – our 80,000 member opt-in email list. You can see the listing here:
It looks like first effect of recession on Dot com’s are becoming clearer and models which were based around audience aggregation and monetization via advertising will see the first ripple shaking their foundation. Lot of Action was seen in last 2 years in travel space with travelguru completely changing its model from flights to being dependent on Hotels which came from their acquisition of desiya.