"Ineptitude bordering on cruelty": A roundup of recent news on The MessengerThe Messenger burned through $50 million in just eight monthsCEO Jimmy Finkelstein berated top editors and had a particularly bad relationship with women
Goodbye Messenger, Hello Class ActionThe sudden shutdown of The Messenger left journalists without jobs, severance, or health insurance.The legal team at The Messenger was highly praised for their work by senior editor Darren Samuelsohn.
Hubris Is Not Killing the Media. Tech Giants Are.The downfall of The Messenger was attributed to the arrogance and incompetence of its founders.The economics of media in 2024 are challenging, with job cuts even at profitable outlets, due to the influence of tech giants.
The Messenger is shutting downThe Messenger, a digital news startup, is planning to shut down operations after failing to secure necessary funding.The company was losing tens of millions of dollars and only brought in $3 million in revenue last year.
Hubris Is Not Killing the Media. Tech Giants Are.The downfall of The Messenger was attributed to the arrogance and incompetence of its founders.The economics of media in 2024 are challenging, with job cuts even at profitable outlets, due to the influence of tech giants.
The Messenger is shutting downThe Messenger, a digital news startup, is planning to shut down operations after failing to secure necessary funding.The company was losing tens of millions of dollars and only brought in $3 million in revenue last year.
Media startup The Messenger disintegrates, leaving staff nothing | TechCrunchMedia startup The Messenger is shutting down after only nine months of operation, leaving staff without severance or healthcare coverage.The publication had lost $38 million of its startup capital and failed to raise additional funding.