No one knows how much Oprah has invested in her OWN network, but the word on the street is that it’s around 300 million dollars. That’s not enough to put a dent in Ms. Winfrey’s pocketbook though, because she’s already found a new investment opportunity.
In addition to her network, Oprah is among a handful of investors who have invested in a new social media site. The site was co-founded by the former president of location-based deal service Gilt City and CEO of ContentNext Media, Nathan Richardson. Also on board are TechCrunch’s former chief marketing officer Sarah Ross and the mayor of Newark, New Jersey, Cory Booker.
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