By closing less than a year after it launched, The Messenger is now one of the biggest busts in the annals of online news.
Category: Start-ups
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OpenAI Unveils App Store for Customized Versions of ChatGPT
People who subscribe to OpenAI’s ChatGPT Plus service will be able to browse the new store for tailored chatbots that perform different tasks.
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Moon Lander Malfunctions After Launch, Raising Questions for NASA
After a flawless launch to orbit, the privately built robotic Peregrine lander is unlikely to reach the lunar surface because of a failure in its propulsion system.
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The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits
The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.
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The Messenger Plans Layoffs Amid Hunt for Cash
The company, an aggressive entrant to the digital news space, is expected to cut roughly two-dozen employees this week.
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The Pentagon Road to Venture Capital
Here is a list of people who have jumped from the Pentagon and other government posts into jobs with venture capitalists that are backing defense technology startups.
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The First Secret Asteroid Mission Won’t Be the Last
AstroForge, a private company, wants to mine a space rock, but it doesn’t want the competition to find out which one.
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Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
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Bird, an Electric Scooter Company, Files for Bankruptcy
The company, once a high-flying start-up whose services were hailed as the next big thing in personal transportation, lost much of its value as it struggled to grow.
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E.V. Start-up Founder Could Get Prison Term in Fraud Case
Trevor Milton, who founded the truck company Nikola, will be sentenced on Monday in a fraud case that exposed the excesses in the electric vehicle business.