TechCrunch's Michael Arrington finds this a particularly smart move on Odeo's part:
As much as I’ve questioned Odeo’s ADD business (un)focus in the past (see last paragraph here), I have to say that this is probably a smart move and not necessarily a sign of Odeo’s eventual demise. Odeo says “Given our limited resources, we have to make tough decisions about what to focus on. And we’ve come to the difficult decision that Audioblogger costs us too much in time and money to continue to run.” Frankly, that makes a lot of sense.Is this the first move to contract and redefine business strategy by Web 2.0 companies? There are certainly many out that that need to take the same hard look at their own strategies.
