Thursday, October 29, 2015

Flipboard, Once-Hot News Reader App, Flounders Amid Competition - WSJ

A tumultuous transition time for Flipboard; also see Flipboard's Fanfare Fades as Executives Exit, Sale Talks Stall (BloombergBusiness)

"Flipboard, once hailed as the best iPad app by Apple Inc., now is fighting for survival in a sea of competition that includes Apple itself.

In recent weeks, the news reader app’s co-founder, Evan Doll, and its chief technology officer, Eric Feng, have left, adding to the talent drain in the past year that includes the heads of finance, product and revenue.

The exodus comes as Flipboard’s investors, which bet $210 million on the company, have put more pressure on co-founder and Chief Executive Officer Mike McCue to revive the business model or find a buyer, according to people familiar with the matter."
Flipboard, Once-Hot News Reader App, Flounders Amid Competition - WSJ
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