According to TechCrunch, classifieds site Edgeio is shutting down after having run out of money. The site was targeting a global audience but was fundamentally local. Edgeio competitor Oodle recently redesigned and appears to be doing well. And the classifieds category continues to gain traffic.
Edgeio becomes the latest local site to shut its doors. Judy’s Book also announced it was closing quite recently. Before Judy’s Book, it was Backfence and InsiderPages, though the latter was technically sold.
The rest of this post is at SEL.