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Medium’s New CEO Is Determined to Take Medium Public

  • 1 min read

Would expanding be the core idea behind becoming a publicly traded and owned entity?

Businesses usually go public to raise capital in hopes of expanding.

Apparently, Medium’s new CEO is thinking about taking Medium public someday in the future.

But would expanding be the core idea behind becoming a publicly traded and owned entity?

As of June 2021, Medium had 179 employees.

Meanwhile, only 78 are left!

Layoffs on a big scale are never a good sign for a business.

Downsizing human resources doesn’t send the best message about Medium’s ethics, core values, strategy, and business growth.

So, from a business perspective, I’d say that the idea behind taking Medium public one day could be more to make acquisition easier.

For venture capitalists, it could act as a way of getting out of their investment in Medium.

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