Nolte: Far-Left Buzzfeed Cuts 15% of Staff, Closes BuzzFeed News
After more than a decade of failure, far-left BuzzFeed News is finally shutting down.
BuzzFeed CEO Jonah Peretti’s memo announcing the mercy killing Thursday morning and the memo was tweeted out by a media reporter* for the far-left New York Times.
In part, the memo read:
Additionally, I made the decision to overinvest[**] in BuzzFeed News[***] because I love their work and mission so much. This made me slow to accept that the big platforms wouldn’t provide the distribution or financial support required to support premium, free journalism[****] for social media.
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Just as we reduced our footprint in NYC last year, we will be reducing our real estate in Los Angeles from four buildings to one[.]
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HuffPost and BuzzFeed Dot Com have signaled that they will open a number of select roles for members of BuzzFeed News
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As part of today’s changes, both our CRO Edgar Hernandez and COO Christian Bressler have made the decision to exit the company.
Overall, BuzzFeed will cut 15 percent of its 1200-person staff.
To give you an idea of BuzzFeed’s ongoing failure, the left-wing company’s stock is currently at 75 cents. That’s down from $9.61 in December of 2021.
The reason BuzzFeed News is closing is because BuzzFeed News sucks. BuzzFeed News has always sucked. Ben Smith***** launched this debacle over a decade ago, and it has never made money.
File/BuzzFeed News Editor-in-Chief Ben Smith talks with colleagues in the newsroom at BuzzFeed headquarters, December 11, 2018 in New York City. (Drew Angerer/Getty)
In its early days, BuzzFeed News made a cottage industry out of attacking Breitbart News with lies and gossip. You see, they were angry about us telling the truth about them. But the whole thing was biased and dull and doomed from the start. Then, eight or nine years ago, BuzzFeed News fell off the radar entirely until Ben Smith violated every journalistic protocol ever written to publish the Deep State’s phony Russia dossier on Donald Trump.
Then everyone forgot about BuzzFeed News again. Then Ben Smith left to do business with the Nazis in China, and now it’s finally over.
