Liz Gannes

Recent Posts by Liz Gannes

Tiger Global Invests Another $75M in Automattic, Buying Out VC Shares

Tiger Global has led a $75 million purchase of Automattic stock, mostly buying out the WordPress.com company’s venture capital investor Polaris Partners, said founder Matt Mullenweg. The Wall Street Journal reported that the deal valued the company at a 25 percent higher valuation than in May, when Tiger Global bought $50 million worth of stock from Automattic shareholders.


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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