![]() 156 followers Overview Repositories Projects Packages People Pinned everything Public An index of all our open-source data, analysis, libraries, tools, and guides. Its chief executive Barbara Peng said the cuts were necessary to keep the company “healthy and competitive” amid growing pressure on the industry. BuzzFeed News Open-source data, analysis, libraries, tools, and guides from BuzzFeed's newsroom. The cuts came on the same day that rival online news site Insider announced it was laying off 10pc of its US workforce. Buzzfeed has struggled to monetize and sustain that model as a news journalism. In the note to staff, Mr Peretti said BuzzFeed will continue to focus on AI, while its news efforts will be concentrated in HuffPost, the digital news publisher it acquired in 2020.Īs part of the shake-up, chief revenue officer Edgar Hernandez and chief operating officer Christian Baesler will both leave the company. 5min Snip from The fall of Twitters blue tick Download This Show. The company is working with OpenAI, the creator of ChatGPT, on the initiative. ![]() ![]() In January, BuzzFeed revealed that it intended to start using artificial intelligence to help write quizzes as it grappled with the impact of the new technology with the sector. Shares were down 15pc after the latest cuts were announced. It has been beset by financial difficulties since a disastrous stock market float through a special purpose acquisition company (Spac) at the end of 2021.Īt its peak, the digital publisher was worth around $1.7bn, but this valuation has now tumbled to just $110m. However, Buzzfeed shut down its UK and Australia news operations in 2020 as the flaws in its advertising-funded business model became more apparent. It also won a Pulitzer Prize for a series of articles that exposed China’s repression of Muslims in the Xinjiang region. For more information on downloading BuzzFeed: News, Tasty, Quizzes to your phone, check out our guide: how to install APK files. The organisation quickly garnered attention for a series of scoops, including the so-called Steele dossier that exposed possible ties between then-President Donald Trump and Russia. It hired investigative journalists in an attempt to burnish the credentials of the Buzzfeed brand, which to begin with was best known for viral content known as "listicles". When it launched in 2011, the company intended to reinvent media for the digital age and take market share from traditional newspapers.
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