Bad News from GoodNews.com

Posted by Rob Lewis on 2011-03-30 4:28:00 PM

Ten months ago we covered the launch of GoodNews.com - a Vancouver-based group-buying site that was hot on Groupon heels after their April Vancouver launch.

GoodNews.com was product of Reinvent Technology, a company founded by famous domainer Kevin Ham. At launch many believed that Ham's incredible portfolio of domains names (and their underlying type-in traffic) could give the site enough of a boost to compete with the great Groupon.

Turns out they were wrong and GoodNews.com threw in the towel today. Ham sent an importnat update to GoodNews users today and one of them sent along a portion of it:

Firstly, thank you for all the support that you've given GoodNews.com. With your help, we've raised nearly $50,000 for a variety of amazing non-profits in Canada.

Secondly, due to a change in company direction we have made the hard decision to suspend operations of GoodNews.com in Vancouver until further notice, effective Monday, April 4, 2011.

So, who's next to fall in the crowded group-buying space locally?

Company:
Reinvent Technology
Website:
http://www.reinvent.com
Location:
Vancouver, British Columbia, Canada

At Reinvent Technology, our goal is to transform our direct navigation business into a cutting edge media company by leveraging new technology, innovative ideas, and intellectual capital. We have built a foundation on direct navigation, which gives each domain name the potential to reach the world as its own unique media platform. Domain names are an integral part of the Internet, a part that the Internet cannot... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media Inc. and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can... more

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