🧵: The story of Ozy became so viral so fast because it highlighted the worst parts of every industry in America: naive investors, digital media outlets faking their numbers and over-zealous startup founders toeing the line between dishonesty and delusion.
axios.com/how-ozy-fell-2…
axios.com/how-ozy-fell-2…
Ozy Media was built on years of lies that together created a false narrative about its business, financials and culture, according to documents obtained by Axios, and dozens of conversations with former employees, investors, business partners and advisers.
axios.com/how-ozy-fell-2…
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• One source said that more than 95% of viewership for “The Carlos Watson Show” was paid
• Another said the company bought most of its social media following
• Two sources said execs included social media interactions in overall reach metrics
axios.com/how-ozy-fell-2…
• Another said the company bought most of its social media following
• Two sources said execs included social media interactions in overall reach metrics
axios.com/how-ozy-fell-2…
Some employees knew these things were happening and protested.
Many assumed it was happening but were not directly involved so they didn’t speak up.
axios.com/how-ozy-fell-2…
Many assumed it was happening but were not directly involved so they didn’t speak up.
axios.com/how-ozy-fell-2…
As of Friday evening, only two people remained on Ozy's Board: CEO Carlos Watson and Michael Moe, a venture capitalist.
axios.com/how-ozy-fell-2…
axios.com/how-ozy-fell-2…
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