Mic shuts down, a victim of management hubris and Facebook’s pivot to video
<p>For anyone who has been watching digital media, the fact that millennial news site Mic is effectively shutting down—laying off most of its 100-plus journalists and selling what remains of the company to Bustle, according to multiple reports on Thursday—should come as no surprise. CJR ran a story in September, “Mic looking for investors amid […]</p>
Nov 29, 2018 ... During the meeting, Chris Altchek said the cancellation of Mic's Facebook video series meant "funding has dried up and dramatically reduced ...