According to a New York Times article by Edmund Lee, founder Jonah Peretti says his company could eventually merge with rival online publishers to negotiate better terms with Facebook. However, BuzzFeed missed its revenue target in 2017 by 15%-20%. BuzzFeed is privately owned and does not disclose financial results to the public. BuzzFeed also raised 50 million dollars from venture capital firm Andreessen Horowitz.

In 2015, NBC (Comcast) invested $200 million in BuzzFeed, and in 2016 they invested another $200 million. NEA (New Enterprise Associates), New York-based venture capital firm RRE and Hearst Ventures were the early investors of Buzzfeed. Read our profile on the United States government and media. The Buzzfeed brands are Tasty, Nifty, Goodful, and more. In 2016, BuzzFeed split the News operation off from the BuzzFeed Entertainment Group, focusing more on BuzzFeed’s video unit.

Jonah Peretti and John Johnson are the founders of Buzzfeed, and the editor-in-chief is Ben Smith. They provide a mix of breaking news, entertainment, and shareable content. Founded in 2006 and headquartered in New York, Buzzfeed is a media news company delivering social news and entertainment.

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