BuzzFeed investors have pushed CEO Jonah Peretti to shut down entire newsroom
Several large shareholders have urged BuzzFeed CEO Jonah Peretti to shut down the company’s news organization. BuzzFeed News has won awards, including a Pulitzer Prize, but is now shrinking through voluntary buyouts. BuzzFeed News has about 100 employees and loses roughly $10 million a year, according to people familiar with the matter. This article was … Read more