Why Is Buzzfeed News Shutting Down? Explained

Buzzfeed is shutting down. Yes, you read it right. This is true. This is very shocking news. This news is viral on the internet. People are shocked after they got to know about this news. This topic has become very interesting now. This news is the most viral topic on every social media platform right now. This topic is the main headline of every digital news channel today. This news was completely unexpected. This action came as its parent company, BuzzFeed Inc seeks more cost cuts. Now public is very curious to know about this whole case. They want to know why Buzzfeed is shutting down. So we are here to solve your every query.

Why Is Buzzfeed News Shutting Down?

We have done a lot of research on this case. After facing a lot of difficulties while searching we have gathered a lot of information about this shocking case. We are going to tell you everything about this case. We are here to tell you why Buzzfeed News is shutting down so that you didn’t need to visit any other site to check about this case. So, Read the whole article till the end and please do not skip any line or paragraph of this article if you want to know each and every single thing about this case. So let us dive into this article.

Buzzfeed News is shutting down was first got shared with NBC News through email. We all saw that Buzzfeed Inc, CEO, and co-founder Jonah Peretti said that the move was part of a total of 15% workforce reduction across a number of teams. According to the source, While a lot of layoffs are occurring nearly almost every decision and just because of this they decided that the company can no longer continue to fund BuzzFeed News as an organization. Peretti wrote that They had to be overinvested in BuzzFeed News because they love their work and mission so much.

The fans of BuzzFeed News are very sad because of this decision. Peretti also wrote that This decision made him slow to accept that all the big platforms would not provide the distribution or financial support required to support premiums or free journalism purpose-built for social media. So soon Buzzfeed News is going to be shut down. More information is gonna be disclosed soon by our resources. So this was all about this case. We have told you everything about this case. So, Stay tuned to PKB news.