I hear a lot of grief about companies shutting down. And I get it, if I spent a lot of time on Punchfork or Google Reader I would be bummed out. However I can still see the good that will come, yummly already jumped at creating an API replacement much like feedly promises to be an alternative for google reader. By the way, is ending your startup in "ly" the new fad in the technosphere?
I think the fad has since passed and a lot of people have been jumping on the .io bandwagon recently.