Tech In Asia lays off staff after canceling planned ICO

Tech In Asia lays off staff after canceling planned ICO

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/09/27/tech-in-asia-ico/

Earlier this month, media startup Tech In Asia surprised its readers when it announced plans to implement an $18 per month paywall. More expensive than packages for the Bloomberg, the Wall Street Journal and The Information, the subscription went live this week. It’s designed to make the business self-sustaining after a tricky period of business in which the company contemplated an ICO and was forced to make cutbacks to its team.

The Singapore-based company — which operates a popular blog and events business in Southeast Asia — laid off as many as one-third of its staff after it went back on a plan to raise money from an ICO, according to documents reviewed by TechCrunch and multiple people familiar with the situation.

Tech In Asia lays off staff after canceling planned ICO

Sep 28, 2018, 4:20am UTC
https://techcrunch.com/2018/09/27/tech-in-asia-ico/ > Earlier this month, media startup Tech In Asia surprised its readers when it announced plans to implement an $18 per month paywall. More expensive than packages for the Bloomberg, the Wall Street Journal and The Information, the subscription went live this week. It’s designed to make the business self-sustaining after a tricky period of business in which the company contemplated an ICO and was forced to make cutbacks to its team. > The Singapore-based company — which operates a popular blog and events business in Southeast Asia — laid off as many as one-third of its staff after it went back on a plan to raise money from an ICO, according to documents reviewed by TechCrunch and multiple people familiar with the situation.