Published On: Sat, Oct 2nd, 2021

Ozy Media Shuts Down Amid Allegations of Deceitful Business Practices

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Ozy Media, the digital media company embroiled in controversy after reports that one of its top staffers impersonated a YouTube executive in context of funding talks with investment bank Goldman Sachs, is shutting down. The company’s board of directors announced the decision in an Oct. 1 statement. “At Ozy, we have been blessed with a remarkable team of dedicated staff,” the statement said. “Many of them are world-class journalists and experienced professionals to whom we owe tremendous gratitude, and who are wonderful colleagues. It is therefore with the heaviest of hearts that we must announce today that we are closing Ozy’s doors.” The announcement came on the heels of a damning expose by The New York Times, which claimed that Ozy co-founder and chief operating officer Samir Rao pretended to be a YouTube executive on a conference call with Goldman Sachs several months ago as the investment bank was closing in on …

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