Tax break investors in Maximum Media Network Ltd, the owner of digital news site Joe, have been told that their €2 million investment in the business has been “written down to nil”, but they will hold onto tax breaks earned by investing in the company. Dozens of investors assembled by stockbroker Davy and accountants BDO have an exposure to the business via a fund that raised €12.29 million in 2015 to invest in eight different businesses including Maximum. In a note to investors the write down was ascribed to “negative publicity” around an historic click-farm incident involving a podcast late…

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