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This is such a shame.

Having used the OSM data to generate our own tiles. It takes a lot of time and resource to manage them well (let alone updating the OSM data)

I understand it must be tough to provide such a service at low cost. Hopefully something will come up from the ashes.

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What ashes? Cloudmade was never less than 90% vapour. MapBox has already done more than Cloudmade did in their entire lifetime and they are far from the only company doing great stuff with OpenStreetMap.

It seems unlikely that they where going to achieve the large scale needed to compete with Google/Bing. My guess is that they are turning into a consultancy.

Or an acquisition.

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