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The creator of Cuppy, the star of the web series The Good Advice Cupcake, is calling out BuzzFeed for selling the character to Amazon for an AI-created animated series. Loryn Brantz took to her Instagram, saying she’s “horrified and disgusted by BuzzFeed taking my character, The Good Advice Cupcake, and giving it to an AI…
BuzzFeed, the U.S.-based media company known best for its quizzes, listicles, and, for a time, a Pulitzer Prize-winning journalism division, is reinventing itself for the AI era. At least, that’s the pitch. At the SXSW conference in Austin, BuzzFeed co-founder and CEO Jonah Peretti introduced the company’s next media foray: a spin-off called Branch Office,…
Jonah Peretti’s career to date has been defined by constant reinvention. As the founder and CEO of BuzzFeed, Peretti has been at the forefront of digital media for almost two decades, navigating changes as the once small startup transformed into, at one point, a multimedia powerhouse. But as the company grows older, one question lingers:…
Vivek Ramaswamy’s plans for BuzzFeed are becoming a bit clearer, with the entrepreneur turned activist investor releasing a lengthy letter outlining what he believes the company should do to turn itself around. Ramaswamy disclosed a sizable activist stake in BuzzFeed last week. In his letter Monday, Ramaswamy said that he has since upped his stake…
NBCUniversal cashed in on Vivek Ramaswamy’s activist play on BuzzFeed. The entertainment giant sold more than $10 million worth of shares in BuzzFeed Wednesday (3,176,923 shares at an average price of $3.1936, to be exact, worth about $10.1 million), taking advantage of a brief surge in the company’s stock price. BuzzFeed stock soared Wednesday after…
BuzzFeed has until Nov. 27 to improve the performance of its stock or risk getting delisted from Nasdaq, according to a Friday filing with the Securities Exchange Commission. The media company received a notice from Nasdaq on Wednesday warning that for the past 30 business days, the bidding price for BuzzFeed’s common stock has closed…
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BuzzFeed Stock Surges After Touting OpenAI Content Generation Plan BuzzFeed shares soared on Thursday after CEO Jonah Peretti said the company would embrace the application programming interface from OpenAI — the artificial intelligence company behind ChatGPT and DALL-E — to personalize content like quizzes for users. Shares of BZFD closed at $2.09 on Thursday, with…
“BuzzFeed cutting 12% of workforce as CEO warns of downturn” BuzzFeed will cut about 12% of its workforce to rein in costs, the online media company said Tuesday, as it joins a growing number of US firms that have taken similar measures in anticipation of a potential economic downturn. As of Dec. 31, BuzzFeed had 1,522 employees across…
“Buzzfeed shares recoup some losses after 41% stock decline” Shares of BuzzFeed went on a rollercoaster ride Tuesday amid the expiration of a ban preventing executives and major institutional investors from selling their shares. BuzzFeed’s stock rose as much as 12% in midday trading, just one day after shares plummeted 41%, closing at $2.23 Monday….