On his personal site, Malik posted that the company is now in the hands of its lenders. He also posted the following:
There will be time for postmortems, but not today. Today, I want to thank all the people who make (and have helped make) Gigaom. Their role in this journey was
Tech Site Gigaom "Shutting Down" heralds a MAJOR shift #technology. How have or will you adapte. It’s no longer solely about new, use or even "new" technology. It’s not even about how can i make money from this new technology, or how can New technology help me make money! It’s about how will media make money to simply survive… developing products, services, merchandise, programs even events!