Bolt goes blooey

It looks like has skidded to a halt. Richard MacManus pointed it out, Rafat Ali has a note, and yes, the site is shuttered. This news is in sharp contrast to the NY Times story yesterday on NBC-i Village and how it’s hung on for so many years.
Back in the day, say 1998/99, was a well-funded teen network and I was running, another service for teens (owned by Parade Magazine). bolt had ads in the WSJ every day, big reach and everyone thought the IPO was thundering around the corner, and if not that, the big sale–but it never did happen, did it?
RIP, dudes….ugh.