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the general-purpose ad network where you could represent 50 sites — even if it is targeted to a specific demographic — is obsolete,” said Joe Mohen, an industry executive and former CEO of Nylon Media.more»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 Friday, September 16, 2016 Rating: