MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – She had hoped to raise five million pesos to fund the operations of Rappler, but with just days left, CEO Maria Ressa is very disappointed that only 13% of her goal has been achieved. That’s barely enough to fund an online news company.
So, Ressa is throwing in the towel, and is shutting down Rappler for good as of December 31.
Instead, Ressa is publishing her very own personal newspaper The Tweeted Times.
She made the announcement today on her Twitter page.