In the week gone by, this is the second such sale by the content-to-commerce company as it struggles for funds.
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Three board members have exited the beauty company, amid a severe cash crunch and an unraveling content-to-commerce narrative. New conversations suggest this billion-dollar story may have been all hype.
The company that runs a clutch of beauty and content brands is scrambling to find an investor or a buyer for its assets. Its problems go way beyond money though.
The once-promising media startup has seen its CEO resign in the wake of a yet-unreported sexual harassment complaint.