Jeff JarvisBuzzFeed News is shutting down.
I HATE to say this but I have said from the start that BuzzFeed News never had a sustaining business model. The cross-subsidy from BuzzFeed itself was generous but I knew that investors (whether VC or the public market now) would insist on getting rid of the drag on profits.
I HATE to say this but I have said from the start that BuzzFeed News never had a sustaining business model. The cross-subsidy from BuzzFeed itself was generous but I knew that investors (whether VC or the public market now) would insist on getting rid of the drag on profits.
Mr. Charlie