Facebook cofounder Chris Hughes ultimately made $500 million for helping his Harvard roommate Mark Zuckerberg build the company in its first three years.
Hughes bought The New Republic magazine, a long-running liberal journal, in 2012, with hopes of making it a financially stable mainstream success.
After investing $25 million into it and losing three quarters of his staff over editorial changes, the magazine barely added any readers, and he sold it in 2016. Hughes told us it taught him that ambitious goals should not require radical means to achieve them. Chris Hughes was feeling at […]
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