Mode Media Collapses After Its Biggest Investor Removes The Cash IV
Mode Media, once known as Glam Media has packed it in and called it quits after plowing through $225 million in investment funds. The company's lead investor Hubert Burda Media decided to stop injecting cash into the company probably due to a collapse in traffic this year.
“The real takeaway is that the general-purpose ad network where you could represent 50 sites — even if it is targeted to a specific demographic — is obsolete,” said Joe Mohen, an industry executive and former CEO of Nylon Media.more»
Mode Media Collapses After Its Biggest Investor Removes The Cash IV Reviewed by Editor on 9:58 AM Rating: