VICE Media: from a $6 billion valuation to filing for bankruptcy.

• Vice Media (private), is a great example of a Zombie company that can’t survive without easy monetary policy. 8-10 years ago Vice was a media darling that could do no wrong. Former Viacom COO Tom Freston viewed Vice and founder Shane Smith as the future of Media.
• There will be more casualties across Advertising / “digital media” and the Technology space in the months to come as many of these companies are skilled at burning cash but little else. Serial cash burners such as SNAP, COIN, W and many others have plenty of downside from here – so long as the Fed keeps its Fed Funds rate at elevated levels.

Related article: Allow Zombie Companies To Fail & Sanity To Return To The Markets

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