Earlier today The Guardian reported that the secret-sharing app Whisper tracks the location of their anonymous users. The information came to light because the paper was in talks to partner with Whisper. Now Buzzfeed, Whisper's first major media partnership, has been "temporarily" suspended for privacy concerns, according to Digiday. Whisper and its editor-in-chief Neetzan Zimmerman have vigorously denied the allegations.
Last night Andreessen Horowitz, the same venture capital firm that invested in Facebook and Twitter, announced a $50 million investment in BuzzFeed that presumes the value of the company to be $850 million. General partner Chris Dixon compared BuzzFeed to Tesla, Uber, and Netflix because of its deep emphasis on technology and "world-class systems for analytics, advertising, and content management."
It's difficult to further debase an annual event commemorating the moral failings of the media industry. But Silicon Valley is nothing if not innovative. Re/code reports that tech companies like Google, Facebook, Yahoo, and Microsoft are hosting some of the largest parties during White House Correspondents' weekend.
Disney was in talks to buy Buzzfeed, but negotiations failed when the site asked for "upwards of $1 billion," says Fortune. That could mean Buzzfeed's valuation grew 67 percent since September, when we heard the company thought it was worth $600 million. The 1 Downside to High Valuations: it's hard to find a buyer.
The law of platforms puts boundaries on appropriate interaction between Facebook (a means for content distribution) and Buzzfeed (a content manufacturer). But, somehow, the two tech companies keep getting caught in an unholy alliance, including a little love from Facebook's $19 billion WhatsApp acquisition.