The fallout in digital media continues, as more companies are downsizing. Today word leaked out that BuzzFeed would lay off 15% percent of its workforce, the equivalent of 250 jobs. That would be the largest layoff in the company’s history—in 2017 it laid off 8% of its workforce. In a memo, BuzzFeed’s CEO Jonah Peretti said the layoffs were aimed at getting the company to become profitable this...
BuzzFeed and Verizon Cutting Media Jobs
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The Clubhouse Investment Boom: The Information’s Tech Briefing

Just when you think the stock market excesses couldn’t get any crazier, along comes GameStop. In the space of a few hours today the stock, which was trading at $20 two weeks ago, more than doubled to a high of $159 before collapsing back to $76.79. Like a lot of other stocks bouncing around like a yo-yo lately—video-streaming service FuboTV comes to mind—trading in GameStop is...
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