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This is Swapna Venugopal Ramaswamy bringing you the Daily Money headlines.
BuzzFeed News, the Pulitzer Prize-winning news website known for popularizing listicles, is shutting down.
Launched in 2012 by BuzzFeed, one of the earliest digital-only media companies, the news site was known for writing stories aimed at younger audiences.
The New York City-based company’s chief executive Jonah Peretti announced the shut down Thursday morning in a memo to employees as the media company plans to cut 15% of its workforce.
“While layoffs are occurring across nearly every division, we’ve determined that the company can no longer continue to fund BuzzFeed News as a standalone organization,” Peretti said in the memo shared with USA TODAY.
The outlet won several awards in recent years, most notably a Pulitzer Prize for International Reporting in 2021, which focused on Chinese internment camps and the mass detention of Muslims.
