I think they got bought by IGN, if I am remembering correctly. That tells you plenty.

I spoke to some hiring managers who said that they don’t read cover letters unless they find an interesting resume. Regardless of the tools that are used, it’s just too time consuming to read each letter.

I always thought of a cover letter for clarifying something on your resume. Ex: you’re changing careers or industries and out want to clarify why your experience is relevant. So, I don’t do them for every application but in certain situations.