US digital media platform Ozy to shut down after accusations its leaders had deceived investors and the public about the size of its audience
File photo: Carlos Watson attends the"Take On America" discussion panel presented by Ozy Media in Nashville, Tennessee on October 15, 2018.
American digital media platform Ozy will shut down after accusations its leaders had deceived investors and the public about the size of its audience, local news outlets have reported.on Sunday claimed that company executives had intentionally inflated traffic figures and views on other sites including YouTube.
The story triggered cancelled shows, an internal investigation, investor concern and high-level departures at the company. An emailed statement on Friday from Ozy Media's board called it a company with many “world-class journalists and experienced professionals to whom we owe tremendous gratitude.” It said it was "with the heaviest of hearts that we must announce today that we are closing Ozy’s doors.”
The board's statement did not give the reason for shutting down the company based in Mountain View, California. Ozy did not respond to questions about why it was shutting down now or how many employees it had.
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