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Condé Nast Calls Online Video "Recession Proof"

In an article published last night on portfolio.com , Condé Nast shows confidence in the presence of online video for the next 5 years.  As more and more sites adopt video as a core feature -- Fliggo comes in at a time where the consumer-level video offerings are becoming too limited for more ambitious content creators.

Even during this economic downturn, online videos companies continue to raise big rounds of funding, showing that investors believe it's a good space to put their money into right now.

Good news for those of you who may be worried about Fliggo.  Don't worry, we haven't had to fire anyone yet, maybe it's because we don't have anyone to fire?

--
Chrys Bader
Co-Founder, Fliggo Inc.

Comments (2)

Oct 29, 2008
mike said...
your down
Nov 22, 2008
Dan said...
And then Conde Naste announces massive layoffs.

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