Ozy announces it is shutting down, following bombshell New York Times report
"At Ozy, we have been blessed with a remarkable team of dedicated staff," Ozy's board of directors wrote in a statement."Many of them are world-class journalists and experienced professionals to whom we owe tremendous gratitude and who are wonderful colleagues. It is therefore with the heaviest of hearts that we must announce today that we are closing Ozy's doors."
Carlos Watson and Samir Rao founded Ozy in 2013 on the promise of building a new kind of media company aimed at millennials, and garnered $83 million in funding and backing from many high-profile investors and celebrities.that Rao, Ozy's chief operating officer, was caught impersonating a YouTube executive during a fundraising call, along with raising questions about Ozy's audience metrics.
The fallout from the Times story came fast. The company was facing an FBI probe over the phone call incident. Advertisers and investors
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