Goldman Sachs, Ozy Media and a 0 Million Conference Call Gone Wrong [telecom]

The digital media company has raised eyebrows for its claims about its audience size for years. Then came the strange voice on the phone.

By Ben Smith

Sept. 26, 2021

This past winter, Goldman Sachs was closing in on a $40 million investment in Ozy, a digital media company founded in 2013, and there seemed to be a lot of reasons to do the deal. Ozy boasted of a large audience for its general interest website, its newsletters and its videos, and the company had a charismatic chief executive, Carlos Watson, a onetime cable news anchor who had worked at Goldman Sachs early in his career. And, crucially, Ozy said it had a great relationship with YouTube, where many of its videos attracted more than a million views.

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