Three of BuzzFeed News top editors, including the publication’s editor-in-chief Mark Schoofs, resigned as the company prepares to make cuts to the news division. Their departures came the same day as BuzzFeed reported its fourth quarter earnings, and projected that its revenue would drop in the first quarter and that it would lose money. Schoofs along with deputy news editor Tom Namako and...
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Lessons From the Last Three Years of IPOs
Talk about hangovers in the wake of initial public offerings! It’s a telling sign when you have to go back to 2019 to find a decent number of tech IPOs that are still above water. As we recounted today—and demonstrated in a cool chart—the vast majority of last year’s IPOs are underwater. The group from the year before isn’t doing much better. But the crop from 2019, when companies such as...
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Amid Slowing Sales, Amazon to Hold Second Prime Day in October
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