YouTube co-founder: Mixbit isn’t shutting down

Gigaom

YouTube co-founder Chad Hurley denied reports Tuesday that his video remix platform Mixbit is shutting down. Hurley took to Twitter to contradict a VentureBeat article that claimed MixBit was about to fold:

A Mixbit spokesperson repeated Hurley’s denial when contacted for this story, adding that “new features are coming soon.”

VentureBeat also reported that that Avos Systems, the company behind Mixbit, has laid off “nearly 80 percent of its employees” and shuttered its San Mateo, Calif. office. Asked about the reported layoffs, Hurley said:

I haven’t gotten a comment from Avos yet on how their…

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