Who is BuzzFeed's target audience?
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Regarding this, who is behind BuzzFeed?
NBCUniversal (which owns NBC News) has a $400 million investment in BuzzFeed, which is also backed by internet entrepreneur Kenneth Lerer. In 2016, the site had a valuation of $1.7 billion.
Also, what is the purpose of BuzzFeed? BuzzFeed, Inc. is an American Internet media, news and entertainment company with a focus on digital media; it is based in New York City. BuzzFeed was founded in 2006 by Jonah Peretti and John S. Johnson III, to focus on tracking viral content.
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Is BuzzFeed still popular?
BuzzFeed, for all the hyperventilating about the bursting of the online media bubble, is still growing, with revenue up from $260 million to $300 million in 2018. What the cuts may have dented more than BuzzFeed's newsroom capacity is the mythos that captured its audience as much as its workforce.