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BuzzFeed CEO Jonah Peretti told staff the ‘difficult news’ in an internal email on Thursday
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 ...
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, Inc. is an American Internet media, news and entertainment company with a focus on digital media.Based in New York City, [2] BuzzFeed was founded in 2006 by Jonah Peretti and John S. Johnson III to focus on tracking viral content.
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BuzzFeed News states 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 says 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 ...
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 ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.