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GameJacket closes down
GameJacket, which provided advertising revenue for Flash-based games, has closed down.
While the company had received funding, it was unable to raise further investment. It seems as if GameJacket was offering $1,000 advances and $0.50 CPMs on flash games, which, if true, were very aggressive rates during an economic downturn. (It’s potentially the same problem, albeit at a different scale, as is besetting in-game advertising business IGA).
Added to the Job Loss Tracker.