Vice Media: From $5.7 Billion Unicorn to a Fire Sale

In 2017, Vice Media was worth $5.7 billion. By 2023, they sold for $225 million in bankruptcy, a 96% loss in just 6 years.

This is the story of how a punk magazine became a media empire, then one of the most dramatic corporate collapses in history.

What went wrong: Disney, Fox, and TPG invested over $1 billion and lost everything
- A toxic workplace culture exposed by The New York Times
- Viceland's costly failure despite massive investment
- Reckless spending (including a $300,000 dinner)
- The Facebook algorithm change that killed their traffic


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