Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Amazon’s options for advertising include its delivery boxes. Photo: Amazon Amazon.com Inc. AMZN -0.25% handles nearly half of all online sales in the U.S., giving it a popular platform and a wealth of consumer data. Now it’s on track to become the next juggernaut of online advertising, and its rise threatens to upend Silicon Valley’s…
Digital publisher Mic Network Inc. has agreed to sell itself to women-focused publisher Bustle Digital Group for about $5 million, according to a person familiar with the matter—a fraction of Mic’s valuation less than two years ago. Mic laid off almost all of its employees ahead of the sale, another person familiar with the matter…
Mic.com is laying off the bulk of its staff, Recode’s Peter Kafka first reported Thursday. Publisher Cory Haik has left the company. In a departure email published by Recode, she wrote, in part, “What you hear less about the truth is that it is expensive.” Mic raised $60 million in venture funding and as of…
Photo: Getty Mic, the millennial-focused digital news site, laid off most of its editorial staff on Thursday morning as the company’s top brass works to finalize a sale to Bustle Digital Group, Recode first reported. According to the site, the company’s CEO, Chris Altchek, announced the mass layoffs at a staff meeting this morning. Altchek…
Collect the nav links, forms, and other content for toggling NEW YORK, June 21, 2018 /PRNewswire/ — CafeMedia today divested its legacy owned and operated sites, concentrating its efforts completely on the growth and success of its publisher platform: AdThrive. AdThrive is the leading ad monetization platform for high-quality, mid-sized digital publishers, empowering content creators to make a…
Mic is laying off the majority off its staff while the digital publisher works on a deal to sell the remainder of its assets to Bustle Digital Group. Mic CEO Chris Altchek announced the layoffs at a staff meeting this morning. Until today the company had employed more than 100 people. I’ve asked Mic to…
Jay-Z won a court battle on Wednesday in a lawsuit against his company Roc Nation, on somewhat unusual grounds: The rapper-entrepreneur argued that the lack of African-American arbitrators presiding over the case left him susceptible to unconscious racial bias. The suit has to do with Jay-Z’s Rocawear clothing brand, which he sold in 2007 to…
Michael Cohen, a former personal attorney to President Trump, pleaded guilty Thursday to lying to Congress about a Moscow real estate project Trump pursued during the months he was running for president, according to the Associated Press. During the campaign, Cohen acted as Trump’s point person in an attempt to built a Trump-branded development in…
Mitchell Grafton, Updating Vermeer. 2012 We are at the end of an era characterized by the self-portrait. This claim is not provocative—we’ve lived as characters for some time and have all felt it coming. So let me rephrase, we live at the end of an era characterized by relentless anxiety around the self as…
Civil was supposed to create a more transparent and democratic model for journalism. But so far, journalists working on its platform have yet to receive all of the compensation they say they were promised when hired. According to several current and former employees of news organizations sponsored by the blockchain startup, Civil told journalists in…