BitTorrent fires co-CEOs and shuts down BitTorrent Now

See the original posting on The Verge

BitTorrent has fired its two CEOs, closed its Los Angeles production studio, and is giving up on BitTorrent Now, the ambitious media streaming service it launched less than six months ago. The changes were announced in an email to staff sent by BitTorrent founder Bram Cohen earlier this week, Variety reports, sent as an unknown number of employees were also let go from the company. CFO Dipak Joshi is moving into the role once occupied by Co-CEOs Jeremy Johnson and Robert Delamar.

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