Oyster hotel review site fires staff and hopes for asset sale
Skift Take
Axing the staff doesn't bode particularly well for a sale of Oyster.com, which many people said from its beginnings didn't have a viable business model. A expensive experiment, with Oyster's professionally written reviews taking precedence over hotels' marketing drivel, has all come to this.
Oyster fired most of its staff, and is hoping to hang on with lower overhead costs until it can find a white-knight buyer.
Skift broke the news June 1 that the hotel review site had put itself up for sale, and ValleyWag reported to
