Joost, the biggest thing in online video as recently as two years ago, announced today in the email release above that it has made the decision to abandon its P2P application and embrace Flash as its sole method of distribution. Not surprising, especially considering the companies idiotic strategy to build their own P2P solution, as opposed to outsourcing the back-end and focusing on feeding its viewers new and unique content. As far as I am concerned, this is the beginning of the end for what was once a very exciting project.
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