Hacker News Reader

Employer.com is owned by recruiter.com (NASDAQ:RCRT) which itself seems like a holding company of some sort, possibly owned by Nixxy Inc: https://nixxy.com/investor-relations/

From their website: Nixxy acquires cornerstone businesses in established markets and evolves their operations with cutting-edge technology and data-driven insights.

View on HN

Apparently, Recruiter.com rebranded to Nixxy, Inc. in September [1]. Since then, they have issued a vague press release on their "strategic focus" [2], spun off a company called CognoGroup which "will focus on AI-driven projects aimed at enhancing human potential." [3] and acquired JustGot2HaveIt, Inc., a wholesale gift business that sells things like tote bags and candles [4].

The company lost $13.3M on revenue of $135,886 in Q3 [5].

[1] https://www.nasdaq.com/press-release/recruitercom-group-inc-...

[2] https://www.nasdaq.com/press-release/nixxy-issues-shareholde...

[3] https://www.nasdaq.com/press-release/nixxy-announces-cognogr...

[4] https://www.nasdaq.com/press-release/nixxy-signs-letter-inte...

[5] https://app.quotemedia.com/data/downloadFiling?webmasterId=1...

The holding company may be following the model of IAC, of buying web properties ("brands") and developing them further (thru consolidation or new rev streams), to later spin them off as independent entities.

Reply on news.ycombinator.com