BuzzFeed Reels After Lackluster First-Ever Earnings Report
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BuzzFeed, known for such internet classics as "21 Surprising Facts Famous Celebs Wish You Didn't Know About Them," may have material for a new listicle after its very first earnings report as a public company on Tuesday: "1 Digital Media Company That Should Not Have Gone Public."
After the company missed on revenue expectations, knives are out for BuzzFeed News, the prestige-chasing, loss-leading, hard news-driven, Pulitzer Prize-winning offshoot of the clickbait mothership. A trio of top editors are departing and several other journalists are being offered buyouts, as influential shareholders are pushing for the entire newsroom to shutter, according to CNBC.
Source Fool.com
