Some digital media companies also have been preparing to go public, providing an exit for longtime investors, but could be a reason for more job cuts.
its six-year history, the outlet was supported by its parent company, Dollar Shave Club, and did not need to make its own revenue.
The next chapterDigital media companies are exploring their next chapter after years of raising round after round of venture capital.
Bryan Goldberg, CEO of Bustle Digital Group, told CNBC that he predicted consolidation among those five digital media companies.
It would make sense that to prepare for any SPAC deals, these media companies would cut costs through layoffs to improve their balance sheets.
Biden, doesn't, it's, Joel Kaplan, HuffPost, Jonah Peretti, Peretti, we've, Austin Rief, Rief, It's, they're, Emily Bell, BuzzFeed, Bell, Laura Bassett, Bassett, Ev Williams, Michael Dubin, MEL, Taylor Lorenz, Max Tani, Mel, Barack Obama, Jeff Bezos, Casey Newton, Williams, Newton, Bryan Goldberg, Kaplan
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