Gets $7.5 Million

from the big-deal dept

Struggling financial news site received an investment of $7.5 million from a few different investors. This was apparently enough to boost the stock somewhat. I’m not sure why. $7.5 million is not very much money at all, and if their expenses are as high as has been claimed, then it won’t last all that long. Plus, there’s still no clear plan on how the site is going to reach profitability.

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