Vice Media is considering a number of options amidst the coronavirus pandemic, including possibly laying off more than 300 employees in its digital business, according to an internal document reviewed by The Wall Street Journal. The proposal is one of several scenarios the company has laid out as it, like many of its peers, are seeing huge declines in online advertising. The company expects...
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What Went Wrong at Wyre, the Crypto Payments Startup That Went From $1.5 Billion Deal to Last-Ditch Rescue
In early May, crypto startup Wyre rented out three houses in Arizona for an offsite for its product and engineering teams. Executives arranged a tour of the Grand Canyon nearby and rented all-terrain vehicles to ride around the area, one person who attended told The Information. There was good reason to celebrate: Weeks before, checkout startup Bolt announced it had inked a deal to buy Wyre for...
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