The embattled digital media company is reversing course and will no longer shut down amid newly surfaced allegations about possible fraud and poor business practices.
following a series of damning accusations about its business practices, Ozy Media CEO Carlos Watson said Monday the embattled digital media company has reversed course and is no longer shutting down. ... [+]Watson told NBC’sshow that the change of heart followed conversations with advertising partners, investors and members of Ozy Media’s audience, though he refused to disclose who exactly is still backing the company.
Based on those conversations, Watson said he believes “Ozy is part of this moment” and its key products—including TV shows and podcasts—have “a place.” against Ozy: that its co-founder and COO Samir Rao impersonated a YouTube executive in an attempt to secure $30 million in funding from Goldman Sachs.
Watson said he had no knowledge that Rao planned to impersonate the executive, an action he described as “sad” and “wrong,” and claimed Goldman Sachs formed a new advertising partnership with Ozy Media “several months later” During the interview, Watson also pushed back against other claims against himself and the company, including that he
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ozy Media CEO says company is still in business: ‘This is our Lazarus moment’Ozy Media is still operational despite initially announcing it was shutting down last week following a critical report about its alleged business practices.
Read more »
Carlos Watson Says Ozy Media Won’t Shut Down After All: “We Are Open For Business”Watson told NBC's 'Today' show that the company has reversed its plans to shut down after speaking with advertisers and investors.
Read more »
Ozy media shuts down after accusations of deceptive conductOzy media closed its doors less than a week after a New York Times column raised questions about the media organisation's claims of millions of viewers and readers, while also pointing out a potential case of securities fraud.
Read more »
Philippines' Duterte says daughter running for president in 2022 elections - mediaPhilippine President Rodrigo's daughter would run for president in next year's election and her father's long-time aide, who filed his vice presidential candidacy, would be her running mate, broadcasting firm ABS-CBN news reported late on Saturday.
Read more »
Duterte tells Philippines media his daughter is running for president in 2022 electionsPhilippines President Rodrigo Duterte said Saturday he will retire instead of seeking the vice presidency next year after his presidential term ends, according to the New York Times.Why it matters: Duterte said he would not seek the vice presidency because national opinion polls indicated public opposition to his candidacy. The move would have allowed Duterte to remain in national politics, though his critics saw it as a means to shield himself from prosecution, according to the Times.Stay on to
Read more »
Black Deaf TikTokers Are Using Social Media to Fight InaccessibilityFrom skits about discrimination to ASL lessons, deaftiktok is where it's at.
Read more »