NerdWallet’s IPO could make it worth $5 billion — or more than the value of Vice and BuzzFeed combined NerdWallet, positioned to become one of the most valuable media companies, was built by founder Tim Chen from home after he was laid off. Ivan De Luce 10.21.21 8:53 PM Markets
Newly profitable Buzzfeed is going public via SPAC — and eying a deal with Complex Networks Buzzfeed announced a public debut via SPAC this week, after CEO Jonah Peretti cut $30 million in expenses in 2020 to turn a profit. Ivan De Luce 6.24.21 4:00 PM Markets
HuffPost’s latest round of layoffs may stem from BuzzFeed’s plateau HuffPost is losing money, but Buzzfeed may be laying off HuffPost employees to stem its own decline. Ivan De Luce 3.9.21 10:04 PM Markets
A toilet paper CEO dreamed of “bicoastal" expansion but ended up flushing his company down the drain Orchids Paper Products went bankrupt in 2019. A liquidation trustee blamed “overly-ambitious and ill-conceived” plans by the CEO. Christie Smythe 5.6.21 4:14 PM Outcasts
Media jobs plummet at Vox, Vice, and Buzzfeed in the midst of Coronavirus With millions of jobs lost to the Coronavirus crisis, the media industry is barely hanging on. Meanwhile, Business Insider continues to hire. Julia Gray 4.13.20 5:37 PM Innovation
The US media industry is facing challenges - and data shows it's not just newspapers Data shows the media industry, and not just stale old print publications dependent on bike routes and classifieds, is facing upheaval. Jon Marino 12.30.19 3:31 PM Innovation
Amid union recognition walkout, Buzzfeed's social following is stagnating The cornerstone of new media may have hit a ceiling on the social media networks they built themselves on, and it comes at a time where an employee union wants to be recognized. James Mattone 6.17.19 5:40 PM People
Poop-testing startup founder who lied about her age in “30 under 30” profile charged with defrauding insurers, VCs Married uBiome co-CEOs Jessica Richman and Zachary Apte were hit with a 47-count indictment and a lawsuit by the SEC. Christie Smythe 3.19.21 6:37 PM Outcasts