CEO Jonah Peretti pushed back on rightwing Trumpist, saying he had ‘fundamental misunderstandings’ about the business
Vivek Ramaswamy, the former US Republican presidential candidate, urged BuzzFeed to cut staff and hire conservative commentators like Tucker Carlson after building a stake in the struggling online media firm.
In response Jonah Peretti, BuzzFeed’s co-founder and CEO, claimed Ramaswamy had “some fundamental misunderstandings” about its business, but offered to meet with him.
Ramaswamy, a prominent rightwing supporter of Donald Trump and frequent media critic, now owns 8.4% of BuzzFeed after disclosing his investment last week.
who saw buzzfeed going down the kkkonservative path ala twitter in 2024?
They’re not. This is just one dude who owns a small stake yelling about it. He has no power to make it happen unless he convinces owners of at least 50% of the shares that this will make them money.
thats great news. thanks!
Conservative politics specifically exclude potential customers, no business that actually wants to make money that isn’t being artificially sustained can exist like that
Vivek:
"Ack! Ack ack ACK!!
Buzzfeed:
“Vivek, we are not doing that. Please stop this nonsense and go home.”
Vivek:
“Ack. Ack ack.”
puts on giant hat and goes home
Staff not diverse enough Rammy Ram?
This is the best summary I could come up with:
Vivek Ramaswamy, the former US Republican presidential candidate, urged BuzzFeed to cut staff and hire conservative commentators like Tucker Carlson after building a stake in the struggling online media firm.
Ramaswamy, a prominent rightwing supporter of Donald Trump and frequent media critic, now owns 8.4% of BuzzFeed after disclosing his investment last week.
In a letter to BuzzFeed’s board in which he argued the business had “lost its way”, Ramaswamy – a biotech entrepreneur – called for a “major shift” in its strategy and vowed to buy more shares.
BuzzFeed, which raised hundreds of millions of dollars from investors in the early 2010s as it distributed viral stories across social networks including Facebook and Twitter (now X), has come under significant pressure as traffic from such platforms declined.
In his letter, Ramaswamy urged BuzzFeed to implement widespread job cuts to “get back to startup size”, and focus on video and audio.
Ramaswamy, who made his name in politics lambasting the environmental, social and governance (ESG) agenda, recommended that BuzzFeed “be bold” and recruit prominent conservative commentators like Tucker Carlson and Candace Owens as part of a bid to “challenge” its audience.
The original article contains 413 words, the summary contains 191 words. Saved 54%. I’m a bot and I’m open source!
Putz sayswhat?
