According to CNET, Guba is suffering badly after deciding to stop letting its users link to Usenet porn.
Roman Arzhintar, Guba's former general counsel and vice president of strategy, said that he and Bart Myers, the company's senior vice president of product development, have left to start their own Internet-video company.
The two are following the recent departure of the outfit's chief executive and co-founder Thomas McInerney.
Guba began filtering out Usenet porn last April and managed to find distribution deals with Hollywood studios.
However that was not what users wanted Guba for and site usage plummeted overnight. The outfit has also found it hard to compete against YouTube. ยต