Posted by virtualkiwi
on 23 August 2011
Source: www.allbusiness.com
If you heard a loud crash this weekend, it may have been the sound of 390,393 online stores shutting their doors for the last time.
One of the e-commerce pioneers, Zlio.com, announced that it will cease operations and force its 390,393 member retailers to find new homes for their online ambitions. The reason for the collapse appears to be Google's February search algorithm change that demoted the search-result rankings of many content farms. [Note: ZLIO.com should not be confused with the real estate site ZILO.com]
In a press release sent to me by email on Friday, this former giant of online "pop-up stores" made the following announcement:
Six years after its launch, we regret to announce that we are going out of business.
The service will officially end on September 11!
All Business have published an excellent article on why this has happened with some very poignant advice. Read the full article here.