Calacanis: Digital journalism is flawed and BuzzFeed could hit zero
Jason Calacanis · How To Pick Startup Winners With Jason Calacanis · Jul 28, 2022 · at 50:48
Jason Calacanis breaks down BuzzFeed's financial unit economics and unionized editorial cost structure following its public market drop.
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“Journalism is a terrible business. There's no path to viral growth here. Every time you grow in order to grow their top line, they're going to have expense. So if you want to get more page views, you're going to have to hire more expensive entitled writers as part of the Buzzfeed union. It's a disaster of a business. Yeah, this could go to zero.”
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