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The Latest Breaking News from Jonah Peretti

BuzzFeed Skyrockets on Byron Allen Takeover. What Comes Next for BZFD Stock.

BuzzFeed shares soar as Byron Allen agrees to take a 52% majority stake in the internet media firm. But does that warrant buying BZFD stock at current levels?

Barchart

Byron Allen To Take Control Of BuzzFeed In $120 Million Deal, Becoming Company's Next CEO

Media entrepreneur Byron Allen is set to become the new chief executive of BuzzFeed after agreeing to acquire a controlling stake in the company through a $120 million deal.

International Business Times

Byron Allen strikes deal to buy controlling stake in BuzzFeed and become CEO

The deal gives the 20-year-old digital publisher a much-needed lifeline. Without a buyer, the company likely would've been forced to file for bankruptcy.

Axios

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BuzzFeed sold to Byron Allen, who will take over as CEO in $120m deal

Allen, a media entrepreneur, to replace founder Jonah Peretti as chief executive with ‘significant’ cost cuts to come

The Guardian - US

Social media is broken. Could BuzzFeed’s new “Island” platform finally make social media about the content, not the algorithms?

BuzzFeed is developing a social media platform using “human creativity fighting against the machine”

Digital Camera World

Up 121% Since May, What's Behind the Surge in this Penny Stock?

BuzzFeed is a beaten-down tech stock that has gained traction in recent months as several high-profile investors have taken a stake in the media company.

Barchart

8.4% Buzzfeed owner Vivek wants layoffs

The one-time presidential hopeful wants massive changes to the early internet media giant – Its CEO said no

Salon

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Vivek Ramaswamy acquires 7.7% activist stake in BuzzFeed

The former Republican presidential candidate invested in the media company intending to ‘shift its strategy’

The Guardian - US

BuzzFeed plans to lay off 16% of employees after selling Complex

Media group says it will be ‘more profitable, more nimble’ after offloading Complex at a discount and implementing a restructure

The Guardian - US

Independent in talks to take over BuzzFeed and HuffPost in UK and Ireland

BuzzFeed founder and CEO Jonah Peretti told UK staff he was excited about deal, described as ‘strategic partnership’

The Guardian - UK

Ben Smith's One Neat Trick for Going Viral

The Semafor editor and former BuzzFeed News editor in chief on the online media explosion of the 2000s.

Reason

Will AI free us from drudgery – or leave us jobless and hungry?

Artificial intelligence promises more leisure and creativity for workers. But at the same time, corporations are clamping down on unions and making plans to replace their expensive human employees, writes Arwa Mahdawi

The Guardian - UK

Brian Merchant: What it looks like when jobs disappear in the shadow of AI

What will it look like when AI comes for your job? How will it happen? Will it happen at all? These are the questions on so many minds in the age of OpenAI and Google's Bard, of the suddenly ubiquitous text and image generators such as ChatGPT and Midjourney.

Los Angeles Times

BuzzFeed cooks up new AI-powered recipe generator, Botatouille

Artificial ‘culinary companion’ will suggest meals based on what you have in your refrigerator and has a chatbot feature

The Guardian - US

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The Guardian - UK

Vice and BuzzFeed were meant to be the future of news. What happened?

Their young audience made them the envy of the media’s old guard. But, ultimately, they couldn’t convert this into profit, says Guardian columnist Jane Martinson

The Guardian - UK

How the rivalry between Gawker and BuzzFeed drove a social media boom – and bust

Ben Smith was BuzzFeed’s editor-in-chief when it was at its peak. He explains how the groundbreaking site and its rivals changed the media – and sowed the seeds for their own demise

WEKU

In BuzzFeed fashion, 5 takeaways from Ben Smith's 'Traffic'

In his new book, the former editor-in-chief of Buzzfeed News lands on his promise to chronicle the rise of digital media through the story of a snowballing, head-to-head competition.

The Guardian - UK

‘Like Icarus – now everyone is burnt’: how Vice and BuzzFeed fell to earth

Era of lofty valuations for upstart youth media appears to be over, with Vice ‘heading for bankruptcy’ and BuzzFeed News shutting down

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news in one place.

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WEKU

Hard times are here for news sites and social media. Is this the end of Web 2.0?

A steep decline in advertising is forcing a historic shakeup in digital news and social media, and leading some to imagine navigating the internet without the likes of Google or Facebook.

Fortune

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.

Evening Standard

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

Los Angeles Times

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."

Reason

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...

Axios

BuzzFeed News shutters amid digital media reckoning

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

Newslaundry

‘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.

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