Some Hyperlocal Media Websites Are Profitable [Forbes]
Meta Platforms, Inc. - Class A (FB)
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Source: Forbes
Nextdoor, the hyper local social network, is seen on a computer screen in Washington, DC, on March... [+]27, 2020. - There are offers to pick up groceries or medicine for neighbors, to share supplies, or walk people's dogs. And exchange information on where to find scarce items like toilet paper. For people forced to stay home to ride out the coronavirus pandemic, Nextdoor, the hyperlocal social network, has found itself playing an increasingly important role. (Photo by Eric BARADAT / AFP) (Photo by ERIC BARADAT/AFP via Getty Images)As many local newspapers are scaling back or no longer publishing, some hyperlocal news and digital companies are making a profit. One of the more successful has been Patch. Patch was founded in 2007 and two years later AOL acquired the company. Under AOL, the company underwentfinancial difficultiesToday, Patch has over 100 journalists, who post more than 1,000 stories daily covering 1,200+ communities. Each community serves a minimum 30,000 people. Typica
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