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The Latest Breaking News from BuzzFeed

Why BuzzFeed's founder reportedly turned down Bob Iger's offer of $650 million—10 years before killing his news division and laying off 15% of staff

According to BuzzFeed News’ former editor-in-chief Ben Smith, Iger was furious with Jonah Peretti for backing out of the deal.

Fortune

The digital graveyard: BuzzFeed News joins sites hanging on in eerie afterlife

The site will remain online as an archive, alongside the Gawker reboot, the Toast, and a host of other defunct outlets

The Guardian - US

Schadenfreude, Anyone? Long Enslaved Media Biz Revels as Suddenly Vulnerable Google Gets Its Butt Kicked in AI (Bloom)

Previously invincible Google has long had a stranglehold on things like digital news and advanced advertising, but Microsoft's ChatGPT advances threaten that hegemony

Broadcasting & Cable

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read the most diverse news in one place.

Human refuses award for AI-created image

Boris Eldagsen spoke to Salon about using an AI-generated contest win to start a conversation about "promptography"

Salon

The Death of BuzzFeed News Was a Facebook Murder-Suicide

Online media companies got exactly what they said they wanted.

Reason

Why is Buzzfeed closing down its news site?

BuzzFeed is axing 15 per cent of its staff and closing down BuzzFeed News, due to the pandemic and a weak stock market

Evening Standard

Mary McNamara: From BuzzFeed to Netflix, digital media promised revolution. And a bloody business it's been

The time has come for us to stop using the term "digital revolution" in such a catchphrase-cute way, with the inevitable emphasis on "digital" and little thought for the meaning, and historical realities, of "revolution."

Los Angeles Times

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Why Investors Should Read Between the Lines of BuzzFeed’s (BZFD) Unusual Options Volume

On paper, the bearish implications of BuzzFeed’s options contracts trading suggests doom for BZFD stock. Here’s why speculating investors should read between the lines.

Barchart

Borrowers With High Credit Scores Penalized Under New Federal Mortgage Fee Plan

Plus: Buzzfeed News is shutting down, alcohol delivery not linked to higher rates of booze consumption, and more...

Reason

BuzzFeed News shutters amid digital media reckoning

The internet publishing landscape shifted after tech firms changed their algorithms in the late 2010s.

Axios

‘Is Jonah Peretti axing himself too?’: Grief and anger among journalists as Buzzfeed News shuts down

Buzzfeed News is shutting down, and journalists took to social media last night to mourn its loss.

Newslaundry

BuzzFeed News to be shuttered in corporate cost-cutting move

CEO Jonah Peretti announced the shutdown of BuzzFeed’s Pulitzer-winning news division and cuts to 15% of its staff. The company will continue to publish news on HuffPost.

Chicago Sun-Times

From pee tapes to Pulitzers: The rise and fall of Buzzfeed 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.

The Independent UK

BuzzFeed shutters its newsroom as the company undergoes layoffs

BuzzFeed News started in 2012 and grew to have more than 100 journalists across the world. Moving forward, BuzzFeed will concentrate news efforts in HuffPost, the company said.

WEKU

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Los Angeles Times

BuzzFeed News is shutting down as company cuts 15% of staff

BuzzFeed News, which won a Pulitzer Prize for its reporting in 2021, is shutting down.

The Independent UK

BuzzFeed to close news division, cut 15% of all staff

Pulitzer prize winning digital media company BuzzFeed will shut down its news division as it cuts about 15% of its entire staff

France 24

BuzzFeed to shut down Pulitzer-winning news division

Pulitzer Prize winning digital media company BuzzFeed will shut down its news division and cut another 15% of its staff across the company, adding to layoffs made earlier this year.

Evening Standard

BuzzFeed to lay off 15% of staff and shut down news site

CEO Jonah Peretti said he ‘overinvested in BuzzFeed News’ and ‘can and will do better’

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news in one place.

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The Guardian - US

BuzzFeed News to close and parent company to make substantial layoffs

Chief executive Jonah Peretti says in company-wide email BuzzFeed ‘can no longer continue to fund BuzzFeed News’

Axios

BuzzFeed News to shut down

BuzzFeed cites management mistakes for company-wide struggles

The Independent UK

BuzzFeed News is ‘beginning the process’ of closing down, CEO tells staff

BuzzFeed CEO Jonah Peretti told staff the ‘difficult news’ in an internal email on Thursday

The Conversation

Why was TikTok banned on government devices? An expert on why the security concerns make sense

Australia has joined a raft of other countries in banning the popular video sharing app TikTok from government devices, as several outlets have today reported.

The Independent UK

Love Is Blind star Irina Solomonova reveals why relationship with Zack Goytowski didn’t work

‘I felt something holding me back from him’

StockNews.com

2 Under $10 Stocks to Buy Better Than BuzzFeed

The entertainment sector is gaining traction amid rapid digitization and globalization and is expected to witness solid growth in the coming years. However, while BuzzFeed (BZFD) has gained significant investors’ attention, I think fundamentally strong stocks MultiChoice Group (MCHOY) and Urban One (UONEK), which are currently trading under $10, could…

Reason

TikTok Is Too Popular To Ban

Plus: Police sue Afroman for using footage from raid, California bill could ban popular junk foods, and more...

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