Technology

Cosgrave told Web Summit staff that conference would go ahead hours before stepping down

Now-resigned chief executive Paddy Cosgrave said that despite rash of withdrawals, Web Summit has enough cash in the bank to continue on for two years or more

Web Summit chief executive Paddy Cosgrave pictured at opening night of Web Summit 2022 in the Altice Arena in Lisbon. Picture by Piaras Ó Mídheach/Web Summit

Web Summit’s flagship conference in Lisbon will go on despite the withdrawal of a large number of sponsors and speakers, staff were told on Friday, as the now ex-chief executive Paddy Cosgrave sought to remain in situ.

Cosgrave told employees on Friday that despite the rash of withdrawals from the event over the past week, Web Summit has enough cash in the bank to continue on for two years or more.

The co-founder of Web ...