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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, 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 News was a finalist for the 2018 Goldsmith Prize for Investigative Reporting. [73] In 2021, BuzzFeed News won the Pulitzer Prize for International Reporting for its coverage of the Xinjiang internment camps as a part of China's campaign against the Muslim Uyghurs. [74] [75] BuzzFeed News was a member of the White House press corps. [76]
BuzzFeed CEO Jonah Peretti had been a long-standing champion of Buzzfeed News, explaining he made the decision to over-invest in the division "because I love their work and mission so much."
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, 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.
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.
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