Christmas Turkey
Dec 15th, 2007 by katesaltfleet
I’m not gloating over this one, but it seems as though I was right. Here’s the email I received this morning (as have countless other Agloco saps).
“Dear Katherine,
We would like to update you on the status of AGLOCO’s operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at agloco1@live.com .
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
AGLOCO Development Team”
It’s a bit of a shame really, because I think the idea behind it was a good one. I still have issues with it due to the facts that I disagree with pyramid schemes per se, as only the first people to get in get anywhere, and everyone else just ends up pecking around trying to get people to join and gets nowhere. Hell of an effective way of viral marketing though.
Did you join agloco? Make any money? Feel free to comment below.
