It came as quite a shock to see Performancing abruptly shut down its advertising network yesterday. Since I often chat with Chris Garrett and Nick Wilson about various things, I’ve known that there have been serious cost issues, especially related to maintaining the huge server expense that the free Metrics service caused. Unloading Metrics simply had to happen, but I expected the Partners program to carry on, even after Nick resigned.
I think people are surprised that such a high-profile company could fail. After all, they did everything right—scores of valuable content, the Performancing for Firefox blog editor that resulted in untold amounts of back links, and other remarkable free services.