As the old saying goes — if it’s too good to be true, then probably it isn’t. What truer way to get this across is to witness the rise and fall of Agloco.
According to John Chow, the AGLOCO network is going to the deadpool. He got an email from their development team saying revenues aren’t enough:
We would like to update you on the status of AGLOCO’s operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at [email protected].
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
AGLOCO Development Team
Their company blog hasn’t been updated as well, with the last post dating back to October 12.
There should be some hard lessons to be learned here. Before this, there was Studio Traffic. That one didn’t last but people got some money. With Agloco, it actually folded before formally going out and pay members.
Hey! Do you use Twitter? I’d like to follow you if that would be ok.
I’m absolutely enjoying your blog and look forward to new posts.