Maven, the parent company that owns HubPages, has bought Sports Illustrated publishing rights.
Here is the article...
https://www.geekwire.com/2019/sports-il … ahoo-exec/
Drop by https://maven.io/company/ and read story at top-right, "A Message From SI Leadership". It's an eye-opener.
Why is Maven buying companies with money it does not have? Net negative revenue?
The stock values is less than $1.
Not sure where this company is going...not saying anything about HubPages, seems to be operating independent of Maven as before.
Not much synergy seen...
I'm always so intimidated when I read articles like that touting all of the professional journalists that Maven is hiring. I wonder what will happen to little hubbers like myself. I write my little hubs and collect my little monthly payout and I'm happy. But I'm afraid that eventually Maven will grow so large that it won't need or want us. What will happen to us then? I'm being selfish because I don't want to have to manage a second website. I already have one and it's enough trouble trying to keep up with everything. I don't want to have to create and manage another one. Hubpages is so convenient because they take care of all the backend stuff so all I have to do is write.
I agree. HubPages is a great platform. I don’t think they will replace us. We provide them with great content which makes them money...win win.
Do not feel intimidated. You are not a little hubber. You are a big hubber with big ideas. Without us, they cannot and will not exist.
A new story about layoffs at SI -
https://finance.yahoo.com/news/maven-la … 37736.html
Also, MVEN stock price down to 0.60 per share...
Layoffs are normal during mergers. The stock price decrease is more concerning. Stock prices reflect how investors view a company's potential. Obviously, they feel that Maven has no future. We hubbers should be worried.
I am not concerned as yet since the stock prices has dropped quite a bit since the high of $3.00 It is traded with very low volume so the price is not a good indicator of company value,
What is a concern is why Maven would spent millions acquiring SI when it doesn’t make money as yet...
I will be impressed when they acquire access to Google's Good Books.
It's a UK thing: https://idioms.thefreedictionary.com/in … good+books
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