With investors and advertisers walking away and an investigation pending, Ozy Media is closing, the board said in a statement Friday.
Embattled media startup Ozy Media Inc. will shut down following an exodus of advertisers, claims that it inflated its online-traffic numbers and a scandal involving its co-founder posing as a YouTube executive.
this week that co-founder Samir Rao impersonated a YouTube executive on a conference call with potential investors.
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