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by pmoriarty
3155 days ago
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"A group of workers who weren't making money decided to get together to increase the ask of the owner of the business." According to the article: "DNAinfo was never profitable, but Mr. Ricketts was happy to invest in it for eight years, praising its work all along. Gothamist, on the other hand, was profitable, and a fairly recent addition to the company." So at least Gothamist -- one of the companies that Ricketts shut down -- was actually profitable. |
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