Posted on 01/11/2017 11:45:24 AM PST by Trump20162020
The buzz over digital media may be wearing off after reports that BuzzFeed's revenue distantly trails the startup's own projections.
The Financial Times reported on Tuesday that BuzzFeed, which has a reported market value of $1.5 billion, fell short of its 2015 revenue target by about 32%, pulling in less than $170 million after projecting $250 million in revenue. FT, which cites multiple anonymous sources in its reporting, also says BuzzFeed cut its internal forecast for the current year's revenue to about half of the company's previous estimate of $500 million.
(Excerpt) Read more at fortune.com ...
They are not going to make it
Those results of 50% of forecast are going to be a wet dream in a few days, along with CNN.
*SMIRK*
(Tee-Hee!)
I suspect after today they need to cut their forecast substantially.
Trade accounts should be keeping their leash short.
Hey, with that kind of reporting, maybe I could have CNN's spot at the pressers ?!
Looks like Buzzfeed is trolling for investment money from Soros.
This Fake News story was an audition for Soros.
Media finally went too far. Beautiful!! Don’t forget about John McCain . . .
Too bad the US taxpayers can’t cut the budgets on the fake intelligence agencies that fed BuzzFeed that garbage by 50%.
I can hear the Crickets now . . .
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