Mode Media Shuts Operations at Once-Hot Lifestyle StartupBy
Company is said to have held staff meeting to announce closure
Once called Glam Media, it had planned IPO as far back as ’11
Five years ago, Glam Media was planning an initial public offering that was set to deliver a big payday for its venture capital backers. That never panned out, and the lifestyle media startup, since renamed Mode Media Corp., told employees Thursday that it is shutting down operations, said people familiar with the matter.
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