BuzzFeed News is shutting down. In an email to staff shared with NBC News, BuzzFeed CEO and co-founder Jonah Peretti said the move was part of a 15% workforce reduction across a number of teams. Later that year, BuzzFeed Inc. became a publicly traded company amid a global frenzy of reverse mergers, many of which have since lost significant value. In BuzzFeed's case, it never traded above its initial public offering price of about $10, and was already down about 93% as of Thursday. https://www.nbcnews.com/news/amp/rcna80656
They were going to use chatGPT to create content
While investigating the power of generative AI, Buzzfeed realized they can maintain their editorial standards with a random text generator. No intelligence required.
They’re a tech company right? I mean they have a website.
Atleast wallstreet thought so and gave them a high growth tech like valuation for a while
Good. Their news was biased garbage written and reported by imbeciles
Correction - written by pretentious white liberal arts majors
Another left wing rag bites the dust. Amazing HuffPost has survived this long though.
Now they can take their own advice and learn to code
The only good part about an economic downturn is the nonsense woke stuff is delegated to the trash bin where it belongs.
Their news was 100% 💩 in my experience.