Here's some of the memo from CEO Jonah Peretti:
Over the next couple of months, we will work together to run a more agile and focused business organization with the capacity to bring in more revenue. We will concentrate our news efforts in HuffPost, a brand that is profitable with a highly engaged, loyal audience that is less dependent on social platforms.
Translation: We're going to stick with our uber-woke news platform with people who exist in an ideological echo chamber because reaching the masses has failed.
HuffPo: A time capsule for liberals who want to pretend it's still 2005!
