Jul 31, 2017

Reddit raises $200 million, reaching $1.8 billion valuation

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A year of media upheaval

Illustration: Sarah Grillo/Axios

2019 was a transformative year for the U.S. news media industry, but it was also one of the most turbulent points in its history.

The big picture: There were enormous business challenges, which resulted in an unprecedented number of layoffs, desperate product maneuvers and fire-sale deals.

Go deeperArrowDec 21, 2019

Layoffs begin at SoftBank-backed delivery company Rappi

Rappi logo

Rappi, an on-demand delivery startup operating in Latin America, this week laid off hundreds of employees, Axios has learned.

Why it matters: On-demand delivery of meals and other products is coming under increased financial pressure, as no one has managed to make the model profitable.

Go deeperArrowJan 9, 2020

Mattress maker Casper files for IPO

Photo: Rachel Murray/Getty Images for Casper Sleep Inc.

Upstart mattress maker Casper filed Friday for an initial public offering.

Why it matters: This will be the next public market test of a consumer products company that venture capitalists have arguably valued like a tech company.

Go deeperArrowJan 10, 2020