BuzzFeed votes to go public amid staff walkout
But even before the decision was finalized, key tension in the industry surfaced earlier today: in preparation for the vote that will make the company public, some of its staff staged a strike to attract the ” attention to the ongoing issues regarding negotiating their collective agreement
BuzzFeed had been praised for its ability to appeal to a younger audience, covering new trends in an accessible and engaging way. It has garnered interest from mainstream media, including NBCUniversal, which invested $ 200 million in BuzzFeed for a valuation of $ 1.7 billion in 2016.
“If the time is right and we predict an explosion in 2022 and the traffic and events do what we think they’re going to do, then the sky is the limit,” Smith said.
Correction: Due to an editing error, a previous version of this story misinterpreted the size of the staff walkout.