Printrbot is no more

Visitors to printrbot.com today were greeted with a sad sight, namely the following message:

Not many details are known at this time, and we won't speculate, but it appears that the downturn in sales and growing competition has claimed another victim. At Bay Area Makerfaire CEO Brook Drumm seemed cautiously optimistic, and was showing off some pretty awesome CNC technology, but it would appear his worst fears have come to pass. I've personally never used a Printrbot, but they were on my short list when I was shopping, and I guess that's too common a story. With the saturated market, especially with increasingly better and cheaper printers coming out of China, I'm afraid this trend will continue.