It looks like Andrew Zucker, the 15-year-old son of CNN president Jeff Zucker, bailed on Waywire just in time. The New York Post reports that according to “well-placed” sources, several high-up Waywire employees have been actively job searching, fueled by the fear that the video curation startup may soon shut down.
Back in April, Waywire closed its lower Manhattan office and laid off eight people after the startup pivoted from a video production studio to a curation tool. Since then, fears of an imminent shutdown have driven employees to seek new opportunities; the Post reports even the CEO is looking at other gigs, and is currently up for a board position at an unnamed company.
Mr. Booker has said that his stake in the company is worth between $1 million and $5 million, so he’s got a lot to lose if the company goes under. The Post reports that Waywire will likely stay in business until after Mr. Booker secures the New Jersey senate seat he’s gunning for.
We kind of miss the good old days when news about Mr. Booker mostly revolved around his super hero abilities.