Stryda to Shut Down

Stryda to Shut Down

Drama

29 December 2023 18:46

Swedish platform Stryda is shutting down. The company secured $100m investment over the years. Styrda announced bankruptcy on December 15th. The news states that the company laid off more than 120 employees recently. The sources state that Styrda aimed for an acquisition however the buyers withdrew from negotiations. Stryda CEO Johan Persson stated “We have presented the case to over 100 financial and strategic investors and buyers. We got very far with some, and we have always felt that it was close. But this week we received a no in a lengthy process, which led to the board making this decision.”

Tags: Stryda

Share:

Sources:

Report mistake Submit news

Related news

View All

aBeZy Controversy Explained: LA Thieves CDL Star Caught Using Homophobic Slur in Leaked Scrim Clip

TL;DR * A leaked nine-second clip from a scrim between LA Thieves and Miami Heretics captured LA Thieves player Tyler...

Drama

Apr 01, 2026

Epic Games CEO Tim Sweeney Apologizes After Layoffs Cut Employee With Terminal Brain Cancer

TL;DR * Epic Games CEO Tim Sweeney apologized on X after the company's latest round of layoffs included Mike Prinke,...

Drama

Mar 31, 2026

LPL Jungler Milkyway Cleared of Match-Fixing Allegations by Police, Announces Return to Pro Play

TL;DR * Cai "Milkyway" Zi-Jun has been cleared of match-fixing allegations after the Luonan police station in Shanghai found a...

Drama

Mar 31, 2026

Meta Cuts Around 700 Roles Across Reality Labs and Multiple Divisions in Latest Round of Restructuring

TL;DR * Meta has reportedly cut around 700 positions across Reality Labs, recruiting, sales, operations, and Facebook, with most affected...

Drama

Mar 30, 2026

Kick Streamer Clavicular Arrested in Fort Lauderdale on Misdemeanor Assault Charge

TL;DR * Kick streamer Braden "Clavicular" Peters has been arrested in Fort Lauderdale on a misdemeanor assault charge, with journalist...

Drama

Mar 27, 2026

Stryda to Shut Down

Drama

29 December 2023 18:46

Tags: Stryda

Swedish platform Stryda is shutting down. The company secured $100m investment over the years. Styrda announced bankruptcy on December 15th. The news states that the company laid off more than 120 employees recently. The sources state that Styrda aimed for an acquisition however the buyers withdrew from negotiations. Stryda CEO Johan Persson stated “We have presented the case to over 100 financial and strategic investors and buyers. We got very far with some, and we have always felt that it was close. But this week we received a no in a lengthy process, which led to the board making this decision.”

Share:

Sources:

Report mistake Submit news