2024-02-22
three years ago buzzfeed purchased complex for $300 million. to sell it for $108.6 million in 3 years means their purchased depreciated by 64.33%. that is not a normal depreciation rate in 3 years. buzzfeed got finessed in 2021 and complex was overvalued ...
Axios
BuzzFeed sells Complex, acquired for $300M in 2021, to livestream shopping platform Ntwrk for $108.6M; BuzzFeed plans to lay off 16% of its workforce
I read it and realized BuzzFeed is laying off 16% of its own staffers not Complex's Natalie Jarvey / @natjarv : Pretty notable that BuzzFeed is retaining Hot Ones as it sells off C...