Goddammit, I really liked the UX design on their site. It was my go-to alt tech video platform.

So am I reading this correctly and they basically ran out of money? More and more it seems like no one can make video hosting a profitable enterprise, so it's all doomed to a similar fate. Doubly so now that interest rates are through the roof, which means a lot less venture capital going around to even get such a project off the ground.