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Buzzfeed News is set to close its doors after years of mounting financial difficulties, Buzzfeed CEO Jonah Peretti told staff Thursday morning, marking the end of a click-chasing, social-media ...
BuzzFeed News stated in its editorial guide that "we firmly believe that for a number of issues, including civil rights, women's rights, anti-racism, and LGBT equality, there are not two sides" but also said that "when it comes to activism, BuzzFeed editorial must follow the lead of our editors and reporters who come out of a tradition of rigorous, neutral journalism that puts facts and news ...
BuzzFeed began in 2006 as a way of harnessing the virality of internet memes, and almost accidentally became a prominent force in investigative journalism, writes Bevan Hurley.
BuzzFeed, once a rising star in digital media, has undergone major cuts in recent years as digital-native brands struggle to create sustainable business models. BuzzFeed News shutting down as ...
In 2022, shareholders urged Peretti to shut down BuzzFeed News; two anonymous sources told CNBC that BuzzFeed News lost about $10 million annually. [28] On April 20, 2023, BuzzFeed under Peretti laid off 15% of its staff and shut down the BuzzFeed News division. In an email to staff on April 20, Peretti stated that the company overinvested in ...
BuzzFeed CEO Jonah Peretti told staff the ‘difficult news’ in an internal email on Thursday
Following Hofstra, he was hired by BuzzFeed News in 2012 [10] where, prior to becoming a reporter, he was a community moderator. [11] [12] During his tenure, BuzzFeed named him Deputy Global News Director, BuzzFeed News, UK. [13] [14] [15] In 2015, he became a podcaster, launching the Internet Explorer podcast, together with Katie Notopoulos.
The news site says it will break news and offer nuance to complex news stories. [ 25 ] [ 26 ] Justin Smith described a new company that would "reimagine quality global journalism" aimed at what he said was an "English-speaking, college-educated, professional class" that had "lost trust in all sources of news and information."