
854: Premedicated
Change.org Layoffs and Transition to Crowdfunding Model
The online petition site Change.org announces the layoff of 17% of its staff as it shifts from a sponsored-petition revenue model to a crowdfunding model. The company, a B Corporation that has raised $42 million from investors like Bill Gates and Ashton Kutcher, will now take a 5% fee on user donations. The hosts predict the site will struggle under a "value for value" model because the service it provides lacks inherent tangible value.



