Originally published April 21, 2023 1:55 am PDT
BuzzFeed is cutting 15% of its staff and closing BuzzFeed News.
In December 2021, BuzzFeed’s stock was worth $9.71; it is now worth 75 cents.
According to a memo from BuzzFeed CEO Jonah Peretti, some BuzzFeed News employees will work for HuffPost, “a brand that is profitable with a highly engaged, loyal audience that is less dependent on social platforms.”
Reporting from Breitbart:
In its early days, BuzzFeed News made a cottage industry out of attacking Breitbart News with lies and gossip. You see, they were angry about us telling the truth about them. But the whole thing was biased and dull and doomed from the start. Then, eight or nine years ago, BuzzFeed News fell off the radar entirely until Ben Smith violated every journalistic protocol ever written to publish the Deep State’s phony Russia dossier on Donald Trump.