Businessstartup News

"The Messenger: A Short-Lived Startup Shuts Down"

The Messenger, a startup digital news website launched in May, is shutting down due to financial difficulties, leaving employees without severance and health coverage. The outlet, which promised non-partisan news coverage, failed to secure sufficient capital to reach profitability. The decision comes after reports of potential shutdown and failed attempts to secure new revenue. The closure adds to a string of recent media layoffs, including those at The Los Angeles Times, Forbes, Time, Sports Illustrated, Tech Crunch, NBC News, and Business Insider.