[randomsilence]

>Buzzfeed said quarterly revenue grew 18% year over year to $146 million. Profit rose to $41.6 million

It's not the organization, just the division.

News is responsible for the very good image that Buzzfeed has. Why do they give it up when they can finance it?

[belval]

Oh please, Buzzfeed does not have a good reputation, yes some articles were pretty good, but it's far from something people would be willing to defend as a good news source.

Investors don't have to shoulder costs for a service that no one cares about. You want a "what flavour of jelly bean are you" quiz you go to Buzzfeed. You want serious news you read one of the countless other site that covers world news. Yes it's cynical, but if I had money in Buzzfeed I would have pressured the CEO too.

[alexc05]

Their news does have a good reputation. Their news org is high quality.

[purephase]

They did just win a pullitzer for their international reporting last year. I'd say that goes quite a way towards improving their reputation.

[eatonphil]

Yeah by organization I meant "org" not the entire company.

[klyrs]

Sure. Just like TI, HP, and many others killed off their R&D departments because they didn't make direct profits, only ate money and produced ideas that other departments would monetize. Penny wise, pound foolish. Fuck the future, I want my money now.