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TV News studio - recording and broadcasting media in a modern set design with blue background for journalists. Generative AI

Media and Tech Companies Continue to Struggle

Vice reportedly is opting for bankruptcy, while Meta's metaverse flounders

According to a report from The New York Times, Vice Media Group, the entertainment outlet, is expected to file for bankruptcy. The news arrives amid considerable downsizing in the once leading media giant. Vice has long been known for its outreach to younger audiences and popularizing itself on social media platforms. Buzzfeed also recently announced the closure of its news division. After years of edgy and “irreverant” reporting, it seems the act is over. Other major technology companies are cutting expenses and laying off employees. With Mark Zuckerberg’s Meta, the woes seem to amount to the failed metaverse project, which was apparently was supposed to be so groundbreaking that it merited a makeover of the company name. With its vague Read More ›