A bunch of Canadian news outlets are in a tizzy, suing OpenAI for allegedly using their content without permission. The Read more
India-based audio platform Pocket FM has a vast content library. However, CEO Rohan Nayak believes there is room for expansion Read more
ChatGPT Search, OpenAI's AI-powered web search experience, has officially launched for all ChatGPT users, introducing several new features to enhance Read more
Humanz, a cutting-edge marketing platform for content creators and brands, has officially made its debut in the U.S. market, as Read more
OpenWeb Faces CEO Drama
OpenWeb, a New York startup known for helping publishers engage users, is currently dealing with a unique situation. Despite announcing a new CEO, the co-founding CEO seems to be refusing to step down.
CEO Transition Drama Unfolds
Reports from CTech reveal that OpenWeb’s chairman, Tim Harvey, informed employees via email that he will be taking on the role of CEO, expressing gratitude towards longtime CEO Nadav Shoval for his dedication. However, Shoval quickly responded with his own message to employees, denying the board’s claim that he is stepping down and accusing them of breaching his contract.
What’s Next for OpenWeb?
As the drama unfolds, Harvey sent another email to employees urging them to disregard Shoval’s statement and reassured them that the CEO transition process will continue as planned. Meanwhile, Shoval’s presence has been removed from OpenWeb’s official website.
With a significant amount of funding from investors totaling around $400 million and a valuation of $1.5 billion in 2022, OpenWeb’s future remains uncertain amidst this CEO drama.
