Under Jonah Peretti, BuzzFeed's layoffs will be in line with their aligned efforts to keep up with changing market dynamics for a more sustainable model.
buzzfeed
BuzzFeed is making a major investment in finding two branded studios in U.K but did not discussed how large the investment would be.
Marking a major feature since its inception in 2006, Twitter has released new app 'Twitter Moments' for bringing news updates to its users. Twitter Moments tool keeps up the users about news breaks without the need to watch multiple news platforms reducing time and effort. Twitter Moments app works on iOS, Android, and desktop and is initially available for US market only.
Online publication BuzzFeed announced on Tuesday that NBCUniversal agreed to invest $200M for the website to expand on movies and TV.
The New York premiere of "The Interview", a Sony Pictures comedy about the assassination of North Korean President Kim Jong-Un, has been canceled and a source said one theater chain had scrapped plans to show it, after threats from a hacking group.
Venture Capital firm Andreessen Horowitz is investing $50 million in BuzzFeed, the social news and entertainment website known for producing advertising-sponsored "listicles" that go viral.
Online video platform Viddsee launched its new site Viddsee BUZZ to promote independent films from Hong Kong, Japan, Singapore, Malaysia, Cambodia, Thailand, and the Philippines on social media and help them go viral.
Pennsylvania, US-based language learning app Duolingo secured $20 million in a recent funding round led by Kleiner Perkins Caufield & Byers to conquer the Asian market and compete with other English-teaching services.
Venture capitalist have continued to pour money in new media firms despite the potential hazards in the hope that the startups will be able to lure advertising money, according to a Reuters report.
Facebook Inc. launched a new service allow news organizations to display public posts that mentions any topic in real time.
Buzzfeed, and even new outfits Fox News and MSNBC used a wrong reaction photo of the Smith family on Miley Cyrus' recent MTV Video Music Awards performance.
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