Mashable is a global, multi-platform media and entertainment company. Powered by its own proprietary technology, Mashable is the go-to source for tech, digital culture and entertainment content for its dedicated and influential audience around the globe.
Mashable was created by Pete Cashmore from his home in Aberdeen, Scotland, in July 2005. Time noted Mashable as one of the 25 best blogs in 2009, and it has been described as a "one stop shop" for social media. As of November 2015, it has over 6,000,000 Twitter followers and over 3,200,000 fans on Facebook. In June 2016, it acquired YouTube channel CineFix from Whalerock Industries.
In December 2017, Ziff Davis bought Mashable for $50 million, which several publications referred to as a "fire sale" price down from its peak valuation of $250 million. Mashable was not meeting its advertising targets, and was losing money, with $4.2 million losses in the quarter ending September 2017. After the sale, Mashable laid off 50 staffers, although Ziff Davis insisted on keeping top management. Because of the drop in value, stock options issued to employees during Mashable's successful times were worthless.
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