BuzzFeed becomes digital media test case as industry waits to find out investor interest

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BuzzFeed becomes digital media test case as industry waits to find out investor interest

CNBC2021-06-25

For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success. BuzzFeed announced its intentions ...

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TellMeMore
·2021-06-25
Interesting
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2
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- K21:
  Vomment
  2021-06-25
  Reply
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teepeetee
·2021-06-25
Naise
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Ahmay
·2021-06-25
Wow
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Jasi
·2021-06-25
Good
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Tony668
·2021-06-25
Need letter T’s!! Willing to give any other letters. ✅??
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yohn
·2021-06-25
Up
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KohJinHui
·2021-06-25
Nice
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Rayn2802
·2021-06-25
hi
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1
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Berrylike
·2021-06-25
Great
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1
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- El_Nino:
  [Smile]
  2021-06-25
  Reply
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Deemochi
·2021-06-25
Let’s wait and see
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2
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ASMH
·2021-06-25
Nice
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2
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PowerTrade
·2021-06-25
Wait agn.
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2
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Joe1997
·2021-06-25
Nice
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2
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ArkaneX
·2021-06-25
Ok
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4
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eda
·2021-06-25
pls help to like
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6
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- 88_TWB_88:
  done
  2021-06-25
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Yrong25
·2021-06-25
Wow
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- Joe1997:
  Nice
  2021-06-25
  Reply
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GohHW
·2021-06-25
Yes that bad
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nuttywalnut
·2021-06-25
So old!
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LuyiLuyi117
·2021-06-25
Wow
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Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","article_id":"1110567900","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","pubTimestamp":1624581629,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"BuzzFeed成为数字媒体测试案例，行业等待发现投资者的兴趣","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ENFA":0.9},"content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. 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Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. 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Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5007351,"gmtCreate":1624590076938,"gmtModify":1663229971025,"authorId":3575778488052321,"author":{"id":3575778488052321,"authorId":3575778488052321,"name":"K21","avatar":"https://static.tigerbbs.com/20b2e7b527356bdebb616c9b4167092c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122063491,"type":1,"supId":0,"prevId":0,"content":"Vomment ","text":"Vomment ","html":"Vomment "}],"langContent":"EN"},{"id":122002968,"gmtCreate":1624586751854,"gmtModify":1703841046102,"author":{"id":"3562134125460450","authorId":"3562134125460450","authorIdStr":"3562134125460450","name":"teepeetee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0,"idStr":"3562134125460450"},"htmlText":"Naise","listText":"Naise","text":"Naise","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122002968","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126781926,"gmtCreate":1624584705865,"gmtModify":1703840959048,"author":{"id":"3582027522385523","authorId":"3582027522385523","authorIdStr":"3582027522385523","name":"Ahmay","avatar":"https://static.tigerbbs.com/1038369a4dfd68fd7bfe651bb0a9622f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582027522385523"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126781926","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126783704,"gmtCreate":1624584704408,"gmtModify":1703840958402,"author":{"id":"3585633154315529","authorId":"3585633154315529","authorIdStr":"3585633154315529","name":"Jasi","avatar":"https://static.tigerbbs.com/3797b4a9d790568c56f963430dcac484","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585633154315529"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126783704","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126715380,"gmtCreate":1624584532040,"gmtModify":1703840949360,"author":{"id":"3575329841984865","authorId":"3575329841984865","authorIdStr":"3575329841984865","name":"Tony668","avatar":"https://community-static.tradeup.com/news/31d63603c8f49a03941e395ec80b760c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575329841984865"},"htmlText":"Need letter T’s!! Willing to give any other letters. ✅??","listText":"Need letter T’s!! Willing to give any other letters. ✅??","text":"Need letter T’s!! Willing to give any other letters. ✅??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126715380","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126730935,"gmtCreate":1624583957527,"gmtModify":1703840923508,"author":{"id":"3583059053614074","authorId":"3583059053614074","authorIdStr":"3583059053614074","name":"yohn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583059053614074"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126730935","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126707641,"gmtCreate":1624583685983,"gmtModify":1703840906973,"author":{"id":"3577076974308726","authorId":"3577076974308726","authorIdStr":"3577076974308726","name":"KohJinHui","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577076974308726"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126707641","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126471444,"gmtCreate":1624583153188,"gmtModify":1703840882185,"author":{"id":"3553568424587861","authorId":"3553568424587861","authorIdStr":"3553568424587861","name":"Rayn2802","avatar":"https://static.tigerbbs.com/34d6faa2257b38173d67ef87c4ece618","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3553568424587861"},"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126471444","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126470722,"gmtCreate":1624583044766,"gmtModify":1703840877785,"author":{"id":"3581628095158138","authorId":"3581628095158138","authorIdStr":"3581628095158138","name":"Berrylike","avatar":"https://static.tigerbbs.com/4878189d5bac62b3b7d010c5805981e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581628095158138"},"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126470722","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5005569,"gmtCreate":1624584078886,"gmtModify":1663229964532,"authorId":3579591519090572,"author":{"id":3579591519090572,"authorId":3579591519090572,"name":"El_Nino","avatar":"https://static.tigerbbs.com/6b1b731af69caf76640812930188d9d2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":126470722,"type":1,"supId":0,"prevId":0,"content":"[Smile]","text":"[Smile]","html":"[Smile]"}],"langContent":"EN"},{"id":126441034,"gmtCreate":1624582836028,"gmtModify":1703840867676,"author":{"id":"3582066186954272","authorId":"3582066186954272","authorIdStr":"3582066186954272","name":"Deemochi","avatar":"https://static.tigerbbs.com/f0997ffc6356727b76183db7a77ebebc","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582066186954272"},"htmlText":"Let’s wait and see","listText":"Let’s wait and see","text":"Let’s wait and see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126441034","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126440375,"gmtCreate":1624582739697,"gmtModify":1703840863770,"author":{"id":"3586939439858903","authorId":"3586939439858903","authorIdStr":"3586939439858903","name":"ASMH","avatar":"https://static.tigerbbs.com/c8c22c3127769d9bb7b4e8d291d98433","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586939439858903"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126440375","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126457780,"gmtCreate":1624582728140,"gmtModify":1703840863285,"author":{"id":"3586141073754906","authorId":"3586141073754906","authorIdStr":"3586141073754906","name":"PowerTrade","avatar":"https://static.tigerbbs.com/654a45b6f93ba0e4b1e1778ac7b45526","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586141073754906"},"htmlText":"Wait agn.","listText":"Wait agn.","text":"Wait agn.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126457780","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126455618,"gmtCreate":1624582630634,"gmtModify":1703840859724,"author":{"id":"3582084850500913","authorId":"3582084850500913","authorIdStr":"3582084850500913","name":"Joe1997","avatar":"https://static.tigerbbs.com/ae2061c3b420786b21ef554fef644732","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582084850500913"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126455618","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126428924,"gmtCreate":1624582255468,"gmtModify":1703840840804,"author":{"id":"3573820729106564","authorId":"3573820729106564","authorIdStr":"3573820729106564","name":"ArkaneX","avatar":"https://static.tigerbbs.com/3e960bba343800acd12763380b87cec5","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3573820729106564"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126428924","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126429703,"gmtCreate":1624582200602,"gmtModify":1703840837731,"author":{"id":"3569214676869217","authorId":"3569214676869217","authorIdStr":"3569214676869217","name":"eda","avatar":"https://static.tigerbbs.com/909b8dea6c74db6f7d3a6a65052e290a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3569214676869217"},"htmlText":"pls help to like","listText":"pls help to like","text":"pls help to like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126429703","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5005244,"gmtCreate":1624583131886,"gmtModify":1663229959336,"authorId":3582503329600891,"author":{"id":3582503329600891,"authorId":3582503329600891,"name":"88_TWB_88","avatar":"https://static.tigerbbs.com/00cb7ae6d4c8f5f282b6f3a594a2c648","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":126429703,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"},{"id":126467477,"gmtCreate":1624582152599,"gmtModify":1703840838218,"author":{"id":"3574396592168948","authorId":"3574396592168948","authorIdStr":"3574396592168948","name":"Yrong25","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3574396592168948"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126467477","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5005063,"gmtCreate":1624582645944,"gmtModify":1663229957751,"authorId":3582084850500913,"author":{"id":3582084850500913,"authorId":3582084850500913,"name":"Joe1997","avatar":"https://static.tigerbbs.com/ae2061c3b420786b21ef554fef644732","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":126467477,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":126467565,"gmtCreate":1624582149757,"gmtModify":1703840834984,"author":{"id":"3569727470774557","authorId":"3569727470774557","authorIdStr":"3569727470774557","name":"GohHW","avatar":"https://static.tigerbbs.com/6dec9efffb91ea367e5ecb140afa5a42","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3569727470774557"},"htmlText":"Yes that bad","listText":"Yes that bad","text":"Yes that bad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126467565","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126465995,"gmtCreate":1624582079217,"gmtModify":1703840831587,"author":{"id":"3583202996390017","authorId":"3583202996390017","authorIdStr":"3583202996390017","name":"nuttywalnut","avatar":"https://static.tigerbbs.com/1953cd597f306dd73a4217954bdffbe0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3583202996390017"},"htmlText":"So old!","listText":"So old!","text":"So old!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126465995","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":126487450,"gmtCreate":1624581875870,"gmtModify":1703840821713,"author":{"id":"3580736330091009","authorId":"3580736330091009","authorIdStr":"3580736330091009","name":"LuyiLuyi117","avatar":"https://static.tigerbbs.com/7f354be323f5fc4b410011368a32fece","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3580736330091009"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126487450","repostId":1110567900,"repostType":4,"repost":{"id":"1110567900","pubTimestamp":1624581629,"share":"https://ttm.financial/m/news/1110567900?lang=&edition=fundamental","pubTime":"2021-06-25 08:40","market":"us","language":"en","title":"BuzzFeed becomes digital media test case as industry waits to find out investor interest","url":"https://stock-news.laohu8.com/highlight/detail?id=1110567900","media":"CNBC","summary":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer att","content":"<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BuzzFeed becomes digital media test case as industry waits to find out investor interest</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuzzFeed becomes digital media test case as industry waits to find out investor interest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 08:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/24/buzzfeed-becomes-digital-media-test-case-as-industry-waits-to-find-out-investor-interest.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110567900","content_text":"For more than a decade, BuzzFeed has competed against other digital media companies for consumer attention. Now, the rest of the industry is praying for its success.\nBuzzFeed announced its intentions on Thursday to become a publicly traded companyby merging with special purpose acquisition company 890 Fifth Avenue Partners. Along with its acquisition of Complex Networks, BuzzFeed will begin trading with an implied valuation of $1.5 billion.\nBuzzFeed will be the industry's guinea pig — the first of its kind to test public investor appetite. Vice, Vox Media, Group Nine, Bustle and other digital media companieshave all discussed going public via SPACwith varying timelines. BuzzFeed's total unique visitors and time spent among millennials and Generation Z dwarf its competition,according to the investor presentation Buzzfeed released Thursday, making it a logical candidate to be first out of the gate.\nThe company's decision to go public will test whether investors believe companies like BuzzFeed are primed to grow in a post-pandemic world, where advertisersare spending more money on digital properties and less on traditional linear television. Still, BuzzFeed will need to convince potential shareholders it can capture those digital dollars rather than watching them flow intoGoogle,FacebookandAmazon.\nWhile BuzzFeed said in its investor deck that \"ad spend is shifting from mega platforms,\" co-founder and CEO Jonah Peretti contended in a CNBC interview that the company will benefit from the growth of the largest digital platforms because they pay for BuzzFeed's content.\n\"We've seen our revenue grow right along with the FAANG companies,\" Perettisaid on CNBC's \"TechCheck,\" referring to Facebook,Apple,Amazon,Netflixand Google. \"YouTube, Facebook, Instagram and TikTok are all hungry for content. They increasingly want brand-safe content they know they can put advertising against with certainty. We get paid by these big platforms for producing content and share revenue with them.\"\nBuzzFeed said it generated $166 million selling its own content and $196 million on advertising in 2020, along with a fledgling commerce business.\nUnprecedented comparisons\nBuzzFeed listed a set of comparable companies in its investor presentation — and the range of businesses unintentionally underlined the haziness of BuzzFeed's prognosis.\nBuzzFeed listedEtsy, Taboola,Zynga,IACandThe New York Timesas its five comparable peers — an e-commerce platform, a native advertising platform, a gaming company, an internet holding company and a legacy media journalism company, respectively. Those companies aren't just dissimilar — they're all quite different from BuzzFeed itself.\nBuzzfeed's $1.5 billion valuation is also a cause for concern. The companywas valued at $1.7 billion in 2016.\n\"There was definitely a hype period for digital media when a lot of companies were growing really quickly but didn't have strong, sustainable businesses,\" Peretti said, implying Buzzfeed may not have deserved that rich of a valuation in 2016. \"We've spent the past year managing our costs, building a really strong, sustainable, diversified business.\"\nTrading publicly will put Peretti's thesis to the test. It's possible Buzzfeed's lack of growth has been more about a volatile advertising-based industry dominated by Facebook and Google — one that may not subside in the years to come.\nBuzzFeed's share performance will likely determine if its smaller peers, such as Vox and Bustle, can succeed as public companies of their own. It will also give BuzzFeed currency to acquire other, smaller sites that can bolster BuzzFeed's commerce and advertising businesses.\nPeretti said growing through takeovers is part of his plan to boost his company's valuation.\n\"I think there's a lot of excitement to join up with us,\" Peretti said. \"We are well capitalized, and we have scale. If you're someone who is running a subscale digital media company, and you know you have to build all these things, you can skip a bunch of steps by joining up with the leading digital media company in the space, BuzzFeed.\"","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":121,"commentSize":19,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}