Borders Is Dead, and Are eBooks to Blame?
As you may remember, back in February Borders filed for Chapter 11 bankruptcy. This, in theory, would have let them reorganize, deal with their debts, and potentially walk away leaner, meaner, and ready to throw down against B&N, Amazon, and the rising ebook threat. In theory. The reality has turned out to be much, much sadder, as Borders will be liquidated, all 11,000 or so employees will be laid off, and a once-powerful bookstore will be a footnote in history. Needless to say, I’m very sad to see this occur, but I’m also not surprised. This was a long time…