Queen City area based investment firm Red Ventures is cutting jobs at internet and tech news site CNET in the wake of the site’s acknowledgement that it published stories produced by artificial intelligence, according to news site The Verge.
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Epic Games sits near the top of a list of high-valued unicorns as one of the 35 privately held companies with a valuation of more than $10 billion, according to a new report. But the unicorn status isn’t what it used to be, i.e. rare.
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Lonely Planet, an internationally recognized global media travel company, is taking a new trip as a company, becoming part of Charlotte-based Red Ventures.
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Red Ventures, a Charlotted-based firm that owns a number of digital brands, is buying CNET Media Group in a deal valued at $500 million.
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The firm acquired HigherEducation.com (H-E), a leading online education company providing marketing and enrollment services to post-secondary institutions.
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