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BuzzFeed Insists Financials Are Fine

  • Re/code, Wednesday, April 13, 2016 12:46 PM
The Financial Times reported on Tuesday that BuzzFeed cut its 2016 revenue goals in half, from $500 million to $250 million. But, BuzzFeed chairman Ken Lerer tells Re/code that that report is bogus. “Lerer says the company’s board hasn’t changed its forecast for this year,” Re/code reports. Yet, sources tell Re/code that BuzzFeed did indeed miss its 2015 projections.

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