New ShoeDazzle CEO Conducts Layoffs, Secures More Funding

A small shake-up at ShoeDazzle is under way, just days after its CEO was replaced with founder Brian Lee. According to a source close to the company, ShoeDazzle laid off a small number of employees today. Cuts were estimated to affect “a low double-digit percentage.” The source also confirmed that the Los Angeles-based e-commerce provider recently raised $6 million in new funding from insiders, which is in addition to the $40 million it raised last year.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald