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Mic News Outlet For Youth Struggles To Stay Viable

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Mic News Outlet For YouthStruggles To Stay Viable


Struggling to stay afloat in the business of digital reporting, Mic, a digital news outlet focused on the millennial population of today announced a number of layoffs besides signing a deed of sale to a company in the digital media business.

The founders of the company which began under the name of PolicyMic in the year 2011 had obtained$60 million through venture funding. Jake Horowitz and Chris Altchek, the co-founders ensured that their company rose to the ranks of being a popularmillennial based digital news outlet and attributed its success to short videosand articles that were social media friendly.  

However, a tweaking of the algorithm by Facebook that was a determining factor deciding the content of its News Feed, the company along with others found itself struggling to stay viable. Several employees left the company resorting to twitter to make their exit known to all.

Erin Evans, the Editorial Director of Culture at the company tweeted that his stay of almost 3 years at the company was one having many downs and ups.

Another tweet by SerenaDaniari, a columnist and correspondent for Mictoo declared her exit from the company and expressed her pride at the efforts she had put into the company to lend voice to marginalized issues and people through the text and video front.

Xavier Harding, a culture and tech reporter for Mic had included his resume in his tweet.

Kerry Lauerman, ExecutiveNews Director at Mic was more elaborate. She described her experience with the company as one that was very draining and lauded the excellent team of people at the company. She was honored to have worked with the tremendously spirited and broad minded group of producers, editors, shooter and writers who comprisedthe entire team of the company. They did a splendid job in spite of oftenworking in very uncertain environments.

Joshua Carter
Joshua is among the statistical faces of Stats Report News. He owns a Masters in Business Administration and is usually found with a pen and a notepad jotting down the ups and downs of Share Market. He loves to constantly calculate the business projections and market statistics. Joshua can be called as an expert of business and share market and handles the business column of Stats Report News.

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