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The rise of informal news networks
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What We’re Reading
We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
CNBC / Alex Sherman and Brian Schwartz / Jan 10, 2024
CNBC obtained an investor deck The Messenger used while seeking a cash infusion of more than $20 million. In it, The Messenger forecasted advertising revenue would surge from $3.8 million in 2023 to more than $55 million in 2024. The Messenger said it also plans to add 19 more employees to launch Messenger TV despite barely having any cash left by the end of 2023.
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