Data Sheet—Why You Should Be Suspicious of Cash-Burning Media Sites140532

It turns out moving fast and breaking things might not be the best business model.

The obnoxious phrase is Facebook's, and I'll come back to the "social media" company in a moment. But the expression that popped into my head when I read about the hundreds of job losses at former new-media darling BuzzFeed. The layoffs are in the name of profitability, which BuzzFeed hasn't achieved despite half a billion dollars in investments.

Original source
http://fortune.com/2019/01/25/data-sheet-buzzfeed-journlaimism-layoffs/

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