News Formal

Storyful’s revenues continue to slide as media company’s losses reach €48m

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

Storyful, the Irish-founded social media news company owned by Rupert Murdoch’s News Corp, is nearing €50 million in losses despite laying off more than a quarter of its staff over the past two years.

Accounts filed by the company, which has offices in Dublin, London, New York, Los Angeles and Sydney, also show its

revenues continued to slump in its 2021 financial year. Turnover at the company was €4.5 million in the period until last ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines