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2022

BuzzFeed shareholders urge CEO Jonah Peretti to close news operations as it incurs a loss of $10 mn a year

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The news organization, which incurs a loss of $10 million a year for Buzzfeed investors, is presently offering voluntary buyouts, whereas some of its top editors and employees are leaving. Through BuzzFeed's earnings call held on Tuesday, CEO Jonah Peretti said that the company is expediting its share of investment in the video vertical.



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