Independent thinking for complex markets and current events
A Vegas gambler, a Hollywood power player and the legal fight roiling Paramount In August 2024, media executive Jeff Shell made his way to his lawyer’s office in the Los Angeles neighborhood of Century City to meet someone he had been told was behind nasty rumors about him. Shell had spent the past year patching …
The entertainment and media company BuzzFeed—once well-known for publishing the fake Russiagate dossier on President Donald J. Trump but refocusing in recent years on online quizzes, listicles, and AI-generated pop culture content—announced late Thursday that it is facing significant debts after registering a $57 million revenue loss in 2025. As a result of its deteriorating …
This is so ruthless. Vivek got on his plane in flip-flops and shorts, flew to California, went to the Buzzfeed headquarters, and handed them a list of conservatives to hire. They had no choice but to listen because he's one of their new owners 😂 He's now their 2nd largest… pic.twitter.com/WvsswYvQ74 — George (@BehizyTweets) October …
BuzzFeed and Vice Media, two onetime darlings of digital media that have shrunk in size and relevance in recent years, are likely to get even smaller. BuzzFeed, whose stock has lost more than 97% of its value since the company went public in 2021, is looking to sell its food sites, Tasty and First We …
In early 2021, BuzzFeed’s CEO, Jonah Peretti, had a problem. He wanted to take the digital media company — one of the defining players of the internet’s past 15 years — public through a Special Purpose Acquisition Company, or SPAC. At the time, there was a SPAC craze on Wall Street, and the BuzzFeed deal …