Sherwood News plans to wind down its website, reports Wall Street Journal reporter Katie Deighton.
Deighton reports, “Sherwood will live on as a brand but instead distribute its reporting via newsletters, including its popular business and finance email Snacks. It will also break news through the Robinhood app, according to the company.
“‘By concentrating our resources on these high-impact channels, we’re meeting customers where they are and positioning Sherwood for its next chapter of growth,’ a Robinhood spokesperson said.
“Introduced in 2023, Sherwood was built upon MarketSnacks, the daily podcast and newsletter acquired and rebranded by Robinhood in 2019. The enterprise, which grew to some 20-plus editorial staff and contributors, was heralded as a new way of funding journalism: Content would remain editorially independent from Robinhood, and the division would bring in new revenue streams like ad sales and events for the parent company.
“The Sherwood News site launched in 2024.”
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