Embattled BuzzFeed warns end could be near as it…
BuzzFeed on Thursday flagged going concern doubts and said it won’t present a forecast for 2026 as it evaluates strategic choices, sending the digital media company’s shares down 7% after the bell.
BuzzFeed has been grappling with a money crunch as digital advertisers more and more favor social media platforms such as TikTok and Meta Platforms’ Instagram.
Founded by Jonah Peretti and John Johnson in 2006, BuzzFeed constructed its viewers through listicles before increasing into a newsroom to problem stalwarts just like the New York Times.
Founded in…
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