Buzzfeed Paying A HUGE Price After Telling One Too Many Lies!

When I first saw the Buzzfeed site many years ago, I did not know it to be a place to go for news. It was the place that people went to to get their top ten lists and such.

Then, when the whole Russian dossier thing happened right before Trump took office and I knew right away that they were full of it because CNN were the only ones that had the lack of sense to even report on the sort initially.

It’s sickening the way that they take such an unfair slant towards the President but eventually when you make enough people mad they eventually just turn you off or stop listening to you.

Via Western Journal:

The viral news site BuzzFeed is expected to cut around 15 percent of its workforce next week as it tries to cut costs and reorganize the company, The Wall Street Journal reported.

The website will cut around 250 jobs while restructuring its business model to focus on more profitable areas such as content licensing and e-commerce.

The company also hopes to build a model that is sustainable without having to rely on fundraising, people familiar with the situation told WSJ.

BuzzFeed founder and CEO Jonah Peretti broke the news to staff in a message Wednesday evening, a BuzzFeed spokesman told The Daily Caller News Foundation.

“I’m so proud of what our team accomplished over the last year, including diversifying our revenue, and growing our business double digits. Unfortunately, revenue growth by itself isn’t enough to be successful in the long run,” Peretti told staff.

“The restructuring we are undertaking will reduce our costs and improve our operating model so we can thrive and control our own destiny, without ever needing to raise funding again.