Buzzfeed "Temporarily" Breaks Whisper Deal Over Fears of User Tracking

Nitasha Tiku · 10/16/14 01:11PM

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.

Here’s What BuzzFeed’s New Investors Really Think About Media

Nitasha Tiku · 08/11/14 02:15PM

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."

Nitasha Tiku · 06/17/14 10:32AM

Venturebeat says Buzzfeed may raise $200 million in funding. Disney recently dropped its offer to acquire Buzzfeed when the social sharing Siren wanted "upwards of $1 billion." More funding typically means a higher valuation and more pressure to exit.

Nitasha Tiku · 04/29/14 09:40AM

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.

Buzzfeed Censors Kanye West News on Twitter

Nitasha Tiku · 08/26/13 02:25PM

Buzzfeed, a business premised on the free sharing of news and information via social media networks, instructed its one billion employees not to tweet about an office visit from noted startup advisor Kanye West. But one newbie found a loophole that was quickly exploited by his fellow viral vixens.