"Ning would concentrate on the paid premium services which are providing 75 percent of its monthly traffic in the United States. "We are going to change our strategy to devote 100 percent of our resources to building the winning product to capture this big opportunity," Rosenthal said. "We will phase out our free service." "Existing free networks will have the opportunity to either convert to paying for premium services, or transition off of Ning," he said.
Meanwhile, the Nexus Chipin has raised $3,524.21 in the past 3.5 months! Go Nexus!