Earlier this month we reported that the recession had hit JetNation. Needless to say, JetNation has struggled in this economic climate. A failure to adapt to new world internet business models has taken a huge toll on JetNation’s bottom line. The shareholders have voiced their displeasure as JetNation refuses to charge for:
After several rounds of government assistance and missed deadlines for a plan to revive the internet giant, the White House on Monday finally lost faith in the site’s ability to fix its own longstanding problems.
Despite months of negotiations with various moderators and site administrators, the Obama administration refused to offer JN another round of bailout funds, saying the web site’s restructuring proposals didn’t go far enough to make for a viable plan. The president, careful not to blame crappy posters for JetNation’s woes, accused the JetNation moderation team of lax leadership. It was little consolation for posters, though. The president added that more of them likely would lose their accounts and their vcash would be distributed equally amongst the needy.
JetNation CEO Max said the blame falls squarely on the round backs of the moderation team. “They failed to execute an excellent business plan. They worry too much about merging AFL thread in the other sports forum. Everyone knows the key moderation task right now is the mock draft. Yet it ended after two rounds and poor NY Mick was left trying to clean up for their failures. They must all be relieved of their duties immediatley”.
“(It would be a) disaster to leave this firm into its own leadership with VIP money going in,” said Sean Deegan, an independent industry exert. “The board has been a disaster for four years, they concentrate on making homo jokes when they should focus on deleting anti-Jets posts.”
The following changes were mandated by the U.S. government:
The president himself did say he knows that Max can lead this site to greatness. Obama stated, “Max is a warrior, much like the great Curtis Martin. Give Max enough carries and eventually he will find the end zone”.
You can read more about this move and discuss it here.