Progressive News Outlet Launched With UAE Money Loses CEO, Burns Millions of Dollars on Fancy Offices

Written by on November 30, 2022

The progressive news outlet Grid, which launched last January with seed funding from the United Arab Emirates and a masthead of high-profile media talent, has reportedly lost its CEO amid internal confusion over its business model, while burning "millions of dollars" on fancy offices and a 50-person staff.

Grid cofounder and CEO Mark Bauman, who raised at least $10 million for the venture, stepped down earlier this month and will take on an advisory role with the website,

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