What we're reading: Vice's wild balancing act

Shane Smith of Vice
Executive Chairman Shane Smith is trying to find a new path for Vice. Photo: Brian Ach/Getty Images

Vice's co-founder Shane Smith had his own plan for the company: Build it up and sell when the going gets good. But after a meteoric rise, the company faces a crossroads after its growth has been stonewalled, writes New York magazine's Reeves Wiedeman.

Why it matters: The piece captures the modern story of wild investor cash, thrown at a wild entrepreneur, who threw crumbs to thousands of young, wild staffers, to create wild content — and the appearance (often a mirage) of wild growth.