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Vice Media cuts 250 jobs in effort to shore up profitability

Vice Media is planning a reorganization that will include laying off about 10 percent of its workforce as the once high-flying startup looks to rein in an unwieldy business that grew quickly during the height of the digital boom.

Facebook refuses to wear the label of 'media company'

Facebook is a social network. Facebook is a conglomerate (it owns Instagram, WhatsApp, and Oculus VR). Facebook is a hardware company. Facebook is a software company.
 

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