Representing about half the world’s Internet traffic by some measures, The Street.com called it the next gigantic IPO.
CNN called it the The Next Big IPO.
Much of their popularity is due to its ability to break the download bottleneck.
However when Comcast, a service provider, decided to put a "hold" on their Internet traffic, their downfall began.
BitTorrent Sacks Half Its Staff
As an open-source technology protocol, the file-sharing system BitTorrent is going strong, representing about half the world’s Internet traffic by some measures. But the San Francisco company, BitTorrent, is showing signs of serious trouble while it tries to commercialize the technology.
The company, with its remaining 20 employees, will focus on BitTorrent DNA, a content delivery network that helps media and video game companies distribute their products cheaply over the Internet.
Om Malik was spot on with this quote "While Web 2.0 companies may get acquired by Google (or Yahoo), specialized software start-ups with products that enhance hardware will find buyers more often. Expect this trend to continue, and in fact gain momentum"
So is the market in need of more bandwidth, or just bandwidth efficiency?