The website Mashable is a digital media platform that offers news and entertainment. It was founded by Pete Cashmore in 2005. It has about 77 employees. In order to increase revenue, it relies on advertising revenue.
It was founded in 2005
In 2005, a 19-year-old Scot named Pete Cashmore launched Mashable, a digital media site that focused on social networks and technology news. He was determined to make his blog a success, so he set his own hours and worked 18-hour days for the first 18 months.
As time passed, the company evolved from a simple blog to a more sophisticated and sophisticated website. They started to attract more traffic. They also became the leading source of news and information for the social media community.
The site was gaining followers every day. At one point, the company had over 2 million followers. But then it began to lose visitors. Then, it started to lose money.
A couple of years later, Ziff Davis purchased the website for around $50 million. They started restructuring the business, including cutting staff. And they had expectations to return the profits to the investors.
It has a newsroom staff of about 77
If you’re interested in technology news, then Mashable is a website you should visit. It is one of the most influential blogs on the internet and was ranked as one of the top 10 must-read websites by PC Magazine.
Since its inception in 2005, Mashable has grown significantly. It now has more than 34 million unique visitors per month. The blog has more than 2.6 million followers on Twitter and has been featured in Forbes and Entrepreneur.
In addition to covering social media and tech news, Mashable offers a variety of other features. For example, it runs a popular blog series called Amplify. The blog series focuses on racial equality. The articles are thought-provoking and often provide important public service.
Mashable also provides in-depth coverage of topics such as sports and entertainment. In 2011, it expanded its scope to include world news.
It relies on advertising revenue to grow revenue
If you are an online media buff, you have probably heard of Mashable but may not have been paying close attention. Founded by a pair of bumblebees in 2008, Mashable has grown to become a sizable behemoth albeit a small one with a slew of neophytes vying for the top spot. The site boasts a whopping 12 million monthly visitors. A recent round of layoffs has put a damper on the aforementioned numbers.
Despite its stifling tumultuous echelons, Mashable has managed to retain a semblable number of staffers and content creators and retain its snarky brethren. It also has a number of other perks. A healthy dose of swag is usually the name of the game in this highly competitive industry. Among its prized possessions, Mashable is a proud member of the Media Lab at Harvard Business School. A plethora of notable alums has graced its halls over the years.
It’s popular in China
The best way to describe Mashable is as a multimedia company with a focus on digital culture, entertainment, and technology. A well-rounded multimedia offering, the company is a multi-platform news and entertainment source for consumers and publishers alike. With a user base in the tens of millions, Mashable serves all types of savvy consumers with content for all tastes.
With a robust content and distribution platform, Mashable’s media offerings amplify the company’s reach and engagement. The company’s proprietary, patented technologies serve as the foundation for innovative, entertaining, and engaging media and content solutions that engage and delight consumers across a range of platforms. With a strong commitment to content, the company has developed a unique publishing structure that is both efficient and effective. Mashable’s media solutions are a natural fit for the multifaceted company and have been cultivated in the company’s early stages of growth.
It will be sold to Ziff Davis for $50 million
Mashable, the tech-focused multi-platform media company, has reportedly sold to trade publisher Ziff Davis for $50 million. The deal represents a significant discount from the company’s last valuation, which was $250 million, according to the Wall Street Journal.
Mashable has been struggling for months. In the last two years, the company has lost several high-level executives and failed to secure additional funding. However, in recent weeks, the company began to talk about an outright sale. This was followed by the departure of Ed Wise, who left to start TV broadcaster Tegna, and Adam Ostrow, who left for Romeo Power.
The company was once a fast-growing digital publisher, but that growth came to a halt in the second half of 2016. It was losing money and began to lose interest in raising additional capital.