Buzzfeed news is shutting down, as its parent company plans to cut 15% of its workforce. SpaceX’s starship spacecraft successfully lifted off from the coast of south Texas today — but didn’t get far. It’s the most powerful rocket ever built so far. Elon Musk is threatening to sue Microsoft. He tweeted that they “trained…
NTD Business (April 20): Elon Musk Threatens to Sue Microsoft; BuzzFeed News Shuts Down Amid Workforce Cuts
BuzzFeed News is shutting down, as its parent company plans to cut 15 percent of its workforce. SpaceX’s Starship spacecraft successfully lifted off from the coast of south Texas Thursday—but didn’t get far. It’s the most powerful rocket ever built. Elon Musk is threatening to sue Microsoft. He posted on Twitter that the company “trained…
‘Difficult News’: BuzzFeed News Shutting Down, CEO Says
BuzzFeed is shutting down its news division, the company’s CEO said on April 20. “I am writing to announce some difficult news,” Jonah Peretti, the founder and CEO of BuzzFeed, told employees in a memorandum. The company is closing BuzzFeed News as part of an effort to cut 15 percent of its workforce. “While layoffs…
BuzzFeed News Shutting Down, CEO Says
BuzzFeed is shutting down its news division, the company’s CEO said on April 20. “I am writing to announce some difficult news,” Jonah Peretti, the founder and CEO of BuzzFeed, told employees in a memorandum. The company is closing BuzzFeed News as part of an effort to cut 15 percent of its workforce. “While layoffs…
BuzzFeed Shares Soar 150 Percent After Publisher Plans to Use ChatGPT Creator OpenAI for Content
BuzzFeed plans to use ChatGPT Creator OpenAI tools to help produce some of its content, joining the growing list of digital publishers planning to incorporate artificial intelligence into their business operations, according to a memo reviewed by The Wall Street Journal. Company shares skyrocketed as much as 157 percent, to $2.44, in intraday trading following…
TikTok Leaks Confirm Chinese Access to American User Data: Report; Soros-Backed Candidate Wins Race | NTD Evening News
A new report by Buzzfeed claims that China-based employees working for ByteDance have “repeatedly accessed nonpublic data about US TikTok users.” TikTok has said previously that it does not share user information with the Chinese regime, and that a “world-renowned U.S.-based security team that handles access.” A super pack funded by billionaire investor George Soros…
Stock Wars: BuzzFeed Vs. Lee Enterprises
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two leading media companies: BuzzFeed, Inc. (NASDAQ:BZFD) and Lee Enterprises, Inc. (NASDAQ:LEE). The Case For BuzzFeed: This New York City-based company was founded in 2006…
BuzzFeed Ropes in Melanie Summers From Driver Studios as SVP, Consumer Products
BuzzFeed Inc. hired Melanie Summers, previously a chief brand officer of content licensing company Driver Studios, to the role of SVP of consumer products effective Jan. 10, AdWeek reports. Summers will lead global brand licensing and product development efforts at BuzzFeed, which officially includes Complex Networks. Recently, CEO Jonah Peretti named Christian Baesler as COO, in…
New Owner Buzzfeed Lays Off 45 From HuffPost Newsroom
NEW YORK—Buzzfeed announced Tuesday that it has laid off 45 reporters, editors and producers from the newly acquired HuffPost. HuffPost Executive Editor Hillary Frey, the website’s executive editor, and Executive Editor Louise Roug also resigned over the layoffs, Buzzfeed said. The dismissals come just three weeks after Buzzfeed acquired HuffPost, the media outlet founded in…
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