Seth Dillon here, CEO of the Bee. I wanted to give you a quick update, as a lot has happened in the past few weeks that impacts our business—some positive, some negative. I've got a lot of ground to cover, but I'll try to break it up into pieces and keep it brief.

Victory Against The New York Times

As Kyle announced in a recent email, we had a big win against The New York Times. In response to our demand letter, they removed their defamatory statements about us and updated the offending article with a correction. The significance of this can't be overstated. If those statements had stayed in print, the social networks (and other vendors we work with) could have used them against us, citing them as cause for terminating our accounts. Instead, there's now a ton of media coverage highlighting the fact that it was The New York Times—not us—that had been trafficking in misinformation.