What is the OZY media scandal?

The CEO of OZY media has disclosed that it had been premature to shut down the company and wants to keep operating, despite the scandal-ridden week that exposed Oxy as an outlet without many audiences.

What is the OZY media scandal?

The Ozy board of directors said that the company was ceasing operations. The shutdown came less than a week after a New York Times Column raised questions about the media organization’s claim of millions of viewers and readers, while also pointing out a potential case of securities fraud.

The Times story also said Ozy’s chief operating officer and co-founder, Samir Rao, impersonated a YouTube executive on a call with Goldman Sachs while attempting to raise money from the investment bank.

Regarding that call, Watson said: “I don’t know. I wasn’t there.” He then went on to say that they eventually “figured out what happened,” but did not explain further. “Look it’s heartbreaking, it’s wrong, it’s not good, it’s not OK,” Watson said. “I love Goldman, I worked there, I’ve got a lot of friends there.”