Tuesday, 6 January 2015

Digital giants get bigger at the expense of the small blog sites

http://www.theguardian.com/media/media-blog/2014/dec/14/digital-giants-small-blog-sites-buzzfeed-vice-mashable

the article talks about how small internet companies have done so successful. AOL bought the Huffington Post for $315m (£200m), after the site posted 2010 revenues of $30.7m (£19.7m).nick Denton, founder and owner of Gawker Media, recently revealed his company has $60m (£38m) in revenues. The man Denton considers his arch-rival, BuzzFeed boss Jonah Peretti, has already seen his 2014 revenues surpass $100m (£63m), and is giving each of his 700 employees an Apple Watch to celebrate. He can afford it: he raised $50m (£32m) in new venture capital this summer, from a single investor, at a valuation of $850m (£541m). this article shows that power that small online companies have created for people who who have set  up online an example of this is the company prime.

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