buzzfeed
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HON.jp News Blog
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HON.jp News Blog
New York (AFP) - BuzzFeed announced Thursday that it was shutting its news division as part of layoffs, signalling the end of one of the most notable news websites of the internet era. The company cited challenges including recession in the tech sector and the struggling stock market, with CEO Jonah Peretti admitting he was partly at fault for the closure. "We are reducing our workforce by approximately 15 percent today... and beginning the process of closing BuzzFeed News," Peretti wrote in a memo to staff. The announcement is the latest to rock the US media landscape as outlets battle with f...
AFP
New York (AFP) - BuzzFeed announced Thursday that it was shutting its news division, signalling the end of one of the most notable news websites of the internet era. "We are reducing our workforce by approximately 15 percent today... and beginning the process of closing BuzzFeed News," chief executive Jonah Peretti wrote in a memo to staff. BuzzFeed shares plunged more than 20 percent on Wall Street following the news. "We've determined that the company can no longer continue to fund BuzzFeed News as a standalone organization," said Peretti. He cited a number of challenges, including the coron...
AFP
The internet experienced a heavy blast from the past today, when members of the online comedy and variety group The Try Guys that first found fame on Buzzfeed were thrust into controversy after one of their members confessed to having an affair. The Try Guys consist of Keith Habersberger, Zach Kornfield, Eugene Lee Yang and formerly Ned Fulmer who founded the project as Buzzfeed employees, and later continued it as its own independent production company and YouTube channel. Fulmer admitted to having an affair on his wife Ariel, who frequently featured in his personal YouTube videos and Try Guy...
uInterview.com
New York (AFP) - American digital company BuzzFeed, known for its viral content and journalism, will go public on Monday after it initially raised less money than expected. In a press release Friday, BuzzFeed said it had finalized a merger with 890 5th Avenue Partners, a special purpose acquisition company (SPAC), which aims to raise funds through an initial public offering to acquire an existing company. Buzzfeed's shares are expected to start trading on the Nasdaq on Monday under the ticker symbol "BZFD". BuzzFeed aimed to be valued on Wall Street at $1.5 billion but it raised just $16 milli...
AFP
In the financial world, a unicorn is a term that refers to a privately held startup firm with a valuation of more than $1 billion. Unlike many other developed countries, the U.S. is home to some of the most popular unicorns in the world and most of these unicorns are tech-based. If you would like to know more about them, then detailed in the article are the ten best known unicorns in the U.S. Best known unicorns in U.S.Our list of the best known unicorns in the U.S. is based on the list in techstartups.com. Tech Startups used consumer awareness, i.e. how familiar consumers are with the product...
ValueWalk
Washington (AFP) - BuzzFeed said Thursday it was acquiring HuffPost in a deal uniting two digital media pioneers seeking fresh momentum in a troubled sector.The deal allows BuzzFeed to take over HuffPost from parent firm Verizon Media, and to use content from other Verizon properties including Yahoo, according to a statement from the companies.It also makes Verizon a minority shareholder in BuzzFeed, with the two firms agreeing to a strategic partnership for content and advertising."We're excited about our partnership with Verizon Media, and mutual benefits that will come from syndicating cont...
AFP
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