Did BusinessWeek Waste $20 Million on Website Before Sale to Bloomberg?
Whoops! A private direct message exchange between tech blogger Anil Dash and designer/publisher Jeffrey Zeldman accidentally wasn’t so private after all, and broadcast to the entire Twitterverse that BusinessWeek wasted $20 million on a publishing platform before the losses became too much, New York Observer reports.
“They bought a $20 million b*llshit CMS then laid off staff and went bankrupt as a direct result. Bloomberg bought them and laid off more staffers. Staffers were blameless in $20 M CMS debacle yet they took the hit for it,” Zeldman wrote.
And
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