How BuzzFeed went from a $1.7B digital-media darling in 2016 to the brink of bankruptcy, as an early investor blames mismanagement following a 2021 SPAC merger (Lukas I. Alpert/MarketWatch)
Lukas I. Alpert / MarketWatch:
How BuzzFeed went from a $1.7B digital-media darling in 2016 to the brink of bankruptcy, as an early investor blames mismanagement following a 2021 SPAC merger — BuzzFeed rode a wave of VC investment to become a force, but never found a path to profitability.