So you wanted to start your own social network without paying to develop the infrastructure? Your options just narrowed. Ning is killing off its free product. You can still pay to play, but if they keep tossing off staff to lighten the troika, that won’t last long either.
One month after long-time Ning CEO Gina Bianchini was replaced by COO Jason Rosenthal, the company is making some major changes: It has just announced that it is killing off its free product, forcing existing free networks to either make the change to premium accounts or migrate their networks elsewhere. Rosenthal has also just announced that the company has cut nearly 70 people — over 40% of its staff.