BuzzFeed CEO Jonah Peretti faces his toughest leadership test ever as coronavirus slams his already-injured digital media company
Observers see the crisis as a crucial test of whether BuzzFeed and its CEO Jonah Peretti can prove it's essential to readers and advertisers.Earlier this week, BuzzFeed CEO Jonah Peretti held an all-hands meeting with his staff of around 1,100. He was transparent: Revenue was down double digits year over year in wake of the coronavirus pandemic. The digital media company might face 2020 losses of up to $20 million.
This challenging period could prove to be the ultimate test for Peretti as both an entrepreneur and a leader. In 2015, Buzzfeed raised $200 million from NBCUniversal at a $1.5 billion valuation. The eye-popping numbers made Jason Anderson, who was raising money for Vice Media at the time while at Royal Bank of Canada, sit up and take notice.
Under Smith, BuzzFeed News ballooned to 300 employees, packed with big-name hires like Pulitzer winner Mark Schoofs and Wired's Mat Honan.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the French Riviera enclave with private coronavirus testing - Business InsiderInside the billionaires' compound on the French Riviera that set up its own private testing center while the rest of the country struggles to obtain coronavirus tests
Read more »
Nick Cordero's Wife Says Doctors May Move Him Off Ventilator But Think He Should Have Woken Up by NowNick Cordero tested positive for the novel coronavirus during his hospitalization
Read more »
New coronavirus outbreak on Navy destroyer in Pacific, 18 sailors positiveJUST IN: 18 sailors aboard the U.S. Navy destroyer USS Kidd, operating in the Pacific Ocean, have tested positive for the coronavirus—marking the second outbreak at sea aboard a U.S. Navy vessel.
Read more »
House set to pass $484 billion coronavirus bill to boost small business, hospitals and testingThe coronavirus bill the House is considering would replenish a small business loan program, send aid to hospitals and fund a testing expansion.
Read more »
House Passes $484 Billion In Coronavirus Relief For Small Businesses, Hospitals And TestingThe House on Tuesday overwhelming passed legislation on Thursday that will inject hundreds of billions more into a small business loan program. The vote was 388 to 5 on the legislation, with a tota…
Read more »