Gigaom, the influential technology website founded by Om Malik nearly a decade ago, is no more. Although Monday saw a lot of new content on the site, including a flood of news and analysis from Apple’s event, the site’s management ended the day at 5.57PM PT by posting a message notifying readers that “all operations have ceased” as a result of the company becoming unable to pay its creditors.

Gigaom tech blog shuts down after blowing through $25 Million:

Gigaom was a blog-related media company Founded in 2006 by former Forbes columnist Om Malik, the influential blog covered the growth of the Silicon Valley startup scene alongside rivals such as TechCrunch. The blog offered news, analysis, and opinions on startups, emerging technologies, and other technology related topics. It is listed on CNET’s Blog 100 list. In recent years, it also branched out into research and events such as the Structure Connect conference.

The publication’s website states its purpose is “to humanize the impact of technology,” and stresses its credible and timely analysis of emerging technologies.

Malik left Gigaom just over a year ago to become a partner at True Ventures, a venture capital firm; at that time, he noted that the site had raised more than $8 million in new funding.

In a statement posted on his own website, Mr Malik wrote: “It is not how you want the story of a company you founded to end.” The company has ceased operations after a nine-year run — apparently blowing through over $25 million in venture money and defaulting on a loan.

The company’s Web site posted a “brief note on our company” on its Web site Monday saying basically it was out of money and unable to make payments to creditors.

A note on its Web site Monday said: “Gigaom recently became unable to pay its creditors in full at this time. As a result, the company is working with its creditors that have rights to all of the company’s assets as their collateral. All operations have ceased. We do not know at this time what the lenders intend to do with the assets or if there will be any future operations using those assets. The company does not currently intend to file bankruptcy. We would like to take a moment and thank our readers and our community for supporting us all along.”

“This hurts more than I can say: I was just told Gigaom is shutting down — it has run out of money. We tried our best, but it wasn’t enough,” Mathew Ingram, a senior writer at the site, said on Twitter.