For original short-selling research and much more check out our website: www.differentiatedanalytics.com/ Use code WSM50 at checkout to lock in a 50% discount.
@@koboldparty4708 thereby circumventing the regulatory requirements around information disclosure that accompany a standard initial public offering (IPO).
Buzzfeed has a reputation for pushing out “slop,” such as bad, poorly edited content, rehashes of Reddit posts and really stupid quizzes no one cares about. Back in the day tho, quizzes and those sorts of things were really popular. Nowadays not so much. With its primary content being unpopular, combined with its bad reputation, buzzfeed is most certainly out of date.
For me who didnt know much about Buzzfeed, this summary was an eye-opener - "Buzzfeed = unscientific, clickbait, digital trash for mindlessly wasting time! By churning massive quantities of low quality content, Buzzfeed quickly became one of the most popular websites"
@@waterwomaninFL Even worse - can't read a paragraph but also thinks they are a genius. If you think you already know it all why bother reading anything?
And not a soul will miss Buzzfeed. It's mostly garbage that's over-advertised. I've regretted every time I clicked on their ad/article. Mostly because I didn't know it was Buzzfeed.
I used to love BuzzFeed videos, they were interesting, just the right length and not political, but just like Vice, they went from interesting to condescending to downright boring.
I loved BuzzFeed too, but after a while, the videos became repetitive, then just downright ridiculous (Ex: "First Time in My Life Trying an Apple." 🙄😒 They placed ridiculous, unrealistic standards on their writers/content creators, which forced them to focus on quantity over quality.
I wonder if Vivek did enough research on Buzzfeed before investing in it to realize it's pretty left wing and the viewers are left wing... right wing content will be the opposite of effective...
Im sure he is well aware. I think its more about buying a dying company and make it yours own. Twitter used to be pretty left wing too until Elon bought it.
It is left but not in a political way. It’s purely aesthetic and is only meant to appeal to advertisers in terms of raw traffic, so they can’t make profits. The reason buzzfeed feels dirty to anyone on the political left is because it’s a cynical purely money making operation.
Correction: Hundreds of thousands of views doesn't mean tens of thousands in revenue. It depends on donations, sponsorship, and merch sales which varies as wildly as views do. Frankly, this is why TH-camrs aggressively monitize because there's high risk even if you are making money
He said tens of thousands per month, of someone is getting hundreds of thousands of views for each video they put up every day then they will definitely get tens of thousands or more in revenue each month
@@nickhiggins9807 could get that much, not guaranteed. Some very popular videos are demonitized and directed at audiences that don't buy stupid stuff. Porn stars can get impressive amounts for a short time when relatively small numbers of assholes compete to show off how rich they are. Shows like WSM rely on donations from channel regulars to stay afloat even if they have large audiences.
Vivek Ramisellout is the kind of guy whose idea to turn a football team around is to hire a bunch of famous basketball players and hope they'll take peanuts as compensation. What a tool that shows he knows nothing but thinks money gives him some kind of innate wisdom.
technically it doesn't say that in the outline. specified was higher commission, lower hourly. just like a car salesman or real estate agent with commission pay.
@@projection-75-emulationsame diff considering how little traffic they get and how limited the money available actually is. Why would they take that? They already make their money on their own
Interns who either were desperate to be offered FT employment or who knew the impact that the word "BuzzFeed" would have on their resume, thus they were willing to subject themselves to anything to climb the ladder....💔 I REALLY HATE seeing people be taken advantage of.
Trying to force current writers from woke to anti-woke wouldn't be a great strategy. It's basically purging the entire company and have them start from scratch. Plus, anti-woke content is not even entertaining. It only invites negativity until it has notthing to feed on anymore.
IMO the rightwing investors were investing solely to censor voices they didn't like, rather then trying to turn the company around in any way. They have to know full well that if Fox news switched to being super biased to towards the left, or NBC news switched to having a super hardcore rightwing bias that they'd both flop miserably.
Imagine demanding that they increase their journalistic integrity, AND hiring Tucker Carlson in the same memo 🤣 That's like telling someone to lose weight and then putting them on a diet of nothing but double cheeseburgers.
Don’t know if this is the most in depth article, really makes me question the quality of their short selling report. 1) The listicle/quiz format is arguable the first area of Buzzfeed and was really driven by Facebook era sharing. People would just share these listicles on Facebook all the time. However over time people become so anti facebook that this pretty much died 2) The second era of Buzzfeed is through its video platform. First on Facebook but then to TH-cam. From other first hand reports this was basically a content farm/frat house where creative people were farmed. There was a weird internship program where people were awarded pins and ruthlessly cut if they didn’t make viral videos. However most of this is standard in the entertainment industry, the real killer is that none of the talent owned the IP so there was no upside for them. They got into some hot water a while ago and now have relented however this does mean that both the quality and output per dollar of their videos are lower 3) The real reason about purchasing complex was to get hot ones ( or at least the reason that hot ones was retrained) is that they are looking for non person specific IP that can be expanded. Since Hot ones is mainly celebrity based it can maybe survive without its hosts 4) Buzzfeed has always been woke like most media companies it has been and will be 5) The main issues is that Buzzfeed can’t survive/adapt in the new TH-cam landscape. In current TH-cam you either have to be super low budget(single main operation) or have a giant crew (like my beast) it’s basically a dumbbell. For a while Buzzfeed could fit in the low end by exploiting its writers/talents but they can’t anymore
It doesnt matter if they start uploading higher quality videos because the youtube algorithm doesnt work that way now. A while ago, a lot of youtubers who frequently give insight into the various platforms they use talked about a change in the algorithm that caused 3 things to happen 1) youtube would be throwing very small, low sub count videos into peoples recommended at random, or close to random 2) if a channel stalls out before 100k, the algorithm deranks it 3) if any channel has a very low view to sub ratio, it gets deranked due to the combination of thoser factors, once a big channel has a slump like that, it is EXCEEDINLY unlikely the algorithm will ever look at it favorably again or give it the chance to revive. TH-cam wants to cycle to new content creators.
@@rusm5710 Oh it totally can. The same level of crap, but now from right wing influencers telling you the elections was stolen and immigrants are stealing your job!!!
I was in college around 10 years ago and everyone wanted to be a writer for buzzfeed back then just like we all wanted to be secret agents/spies as kids.
Yes! 😂 I applied to be a writer for them 4 times and got denied every time. It was the peak Millennial dream job (little did I know, it was actually a nightmare for those who'd actually gotten hired. 😫)
Vivek wants to insure journalistic integrity by bringing in some of the most non-journalistic integrity personalities from the right but then again he was writing a letter to address a part of the company that didn't even exist anymore.
The idea that Buzzfeed first became successful when the internet was "new" makes me want this channel to rename itself to Wall Street Zoomer. ~2010 was not the start of the internet
A reminder that, back in the day, Buzzfeed News picked up a Pulitzer Prize, among other highly regarded journalism awards. That was a thoroughly legitimate news source for a time, brought attention to a lot of issues. Its a shame what became of it, but it was worthy of respect for a while. Of course, Vivek only knows that it went after Daddy Trump a few times, so it must be an enemy to be humiliated and destroyed, even though its already defunct.
Buzzfeed and a number of sites were once popular because they had catered to everyone in some way. The problem in the 2010s is that anything popular became political and took a side. They and many others were also getting a push from the algorithms at a time when Facebook was trying to build its own video platform. They grey artificially and mistook that for genuine growth and expanded beyond their means. Lesson from the 2010s is do not count advertiser dollars as revenue.
Tesla produces only 1.5 million cars per year and has stopped growing, and their revenue is paltry..........the share price is gonna crash when investors wake up to those facts. Short Tesla. Do it today!
After watching this video I canceled like 1/3 of my subscription of TH-cam channel. Am I the only one who cleaned his subscriptions 😂 Love your videos hope too see more in the future.
Basically what happened to buzzed is they created an unnecessary and grossly overpaid corporate structure. All those people had to be paid, and they all wanted 6 figure salaries, so what happens? They reduce what they pay to the actual creatives, reduce their budgets, force them to put out more content that is also very similar to previous content that was successful. The creatives very quickly realize the money they bring in is going to people that actively make their content worse, and stress them out, so they say f it, I’ll do it myself.
Their ad rev is also something where they have 0 control over the system that decides how much they get paid when, so when the adpocalypses happened, they would have felt that HARD
The problem wasn't that they were "woke." The problem is that the current business/success culture is divorced from feeling the need to provide value. This is just an offshoot of the popular culture mixed with venture capital giving creators the belief that they decide what is made rather than the customer. When the venture capital dries up, they can't sustain a belief that they can tell the customer what to like rather than having to produce what they want. Woke is just what they decided to push.... the real problem is that they felt entitled to push whatever they wanted with an attitude that people are wrong if THEY don't adopt it. The religious right lost popularity for the same reason. Not because people became more left-wing..... but because people don't want to hear how much they are sinning from someone who thinks they need to hear it.
I think what Vivek meant by people like Tucker and Candice isn’t them specifically, with their large fanbases. He wants them to headhunt, find TH-cam personalities that don’t have big viewer bases yet, but whose content is similar, and recruit them.
I've heared TH-camrs mention the name here & there many times over the years. But I've never actually seen any of their content, neither on TH-cam, nor in text. That is to say, I won't miss them.
I never liked Buzzfeed, and you stated my reason in the video. High quantities of low-quality content....just not my thing at all. I don't need to know what Harry Potter character I am based on my choices of cheeses, or some garbage like that.
🥴I loved BuzzFeed but after a while the videos became repetitive, then ridiculous. Ex: "First Time in My Life Biting an Apple." They placed ridiculous, unrealistic standards on their writers/content creators, which forced them to focus on quantity over quality. For many Millennials, BuzzFeed feels more like 2010s nostalgia than anything else (like KMart or Blockbuster). For Gen X and Boomers seemed like junk food content, and for Gen Z and Gen Alpha, it feels dated and "cheugy." BF never looked to the future because their present was always so successful and lucrative, until it wasn't. They pushed quantity over quality, produced cringey content that ranged from repetitive to ridiculous, and didn't expand their core audience beyond Millennials.
Is there any value whatsoever with the Buzzfeed brand? If it was to change what editorial policy it currently has, would the plan be to take any of its existing viewers with them? As noted, individuals no longer need the Fox News, CNN, CBS, ABC networks, they can establish their own channels and, if they get it right, can have complete editorial control and generate a good revenue stream without the need for mainstream media. "Truth" isn't what the majority of people want, instead they want an echo chamber of what they would like the truth to be, they want to be part of a bubble of like minded people. For those on the far right they want to be in an environment where they can accuse the opposition of being paedophiles and not have people disagree or challenge them to produce the evidence that supports their assertion. The Left and Right of politics all operate in their respective bubble, there is no financial gain in trying to market the "truth". There are some that try desperately to find the truth, the best they can do is for any issue, give the range of views and measure the bias, is that the "truth"?
they should adapt to the modern work environment. closes their physical office locations and allow the employees to work remotely. they will save money on office rent and be more competitive. raise standards on content
They've already been doing that for years now. They still have some in person jobs, but many of them are remote and freelance based, but they're still struggling. 😬
🥴For many Millennials, BuzzFeed just feels like 2010s nostalgia (KMart or Blockbuster). For Gen X and Boomers it's like junk food content. For Gen Z and Gen Alpha, it feels dated and "cheugy." BuzzFeed never looked to the future bc their present was always so successful and lucrative...until it wasn't. They pushed quantity over quality, never evolved beyond their listicles format, and produced cringey content that ranged from repetitive to ridiculous.
For original short-selling research and much more check out our website: www.differentiatedanalytics.com/
Use code WSM50 at checkout to lock in a 50% discount.
Vivek is a snake oil salesman
I kinda stopped reading buzzfeed when most of it's "articles" became copy pasted Reddit threads. Might as well just read Reddit.
Or just ask Gemini any question since it seems to channel reddit most of the time.
It’s like Reddit. But even more annoyingly woke.
"when" ... so day one...
I completely forgot Buzzfeed existed.
yeppers
That's not a bad thing.
@@TheFakeyCakeMaker Agreed
Almost like the market is so saturated as to make it redundant.
So did Buzzfeed.
saw the thumbnail, immediately click, and thought - _for sure_ BuzzFeed would go public by merging with a SPAC…
Thought the same thing
Sorry for asking this. But what is a SPAC?
@@mokisan Special-Purpose Acquisition Company. Basically, a company that exists to buy/merge with another company.
If they do, you know where to send the puts.
@@koboldparty4708 thereby circumventing the regulatory requirements around information disclosure that accompany a standard initial public offering (IPO).
Trying to rebrand Buzzfeed to make it legit would be like trying to rebrand Axe body spray. It will carry that stigma forever.
And his idea of “legit” is just “agree with me” anyways lol
Just rename it "Ask" and market it to the urban set...
Buzzfeed's problem is not that is is leftwing, but is is 2024 and it is 10 year out of date.
Can you pls further elaborate, bc most media stations have been around for 10+ years and aren't out of date?
I agree, buzz feed is stuck in 2013….
@@TomikaKellygo to 3:27 and watch the next minute, he explains it in the video
Buzzfeed has a reputation for pushing out “slop,” such as bad, poorly edited content, rehashes of Reddit posts and really stupid quizzes no one cares about.
Back in the day tho, quizzes and those sorts of things were really popular. Nowadays not so much. With its primary content being unpopular, combined with its bad reputation, buzzfeed is most certainly out of date.
For me who didnt know much about Buzzfeed, this summary was an eye-opener - "Buzzfeed = unscientific, clickbait, digital trash for mindlessly wasting time! By churning massive quantities of low quality content, Buzzfeed quickly became one of the most popular websites"
Sure but other websites have been wildly successful with the same recipe.
@@finbarrmcgrath1686 Can you please name any?
@@ecoideazventures6417 Facebook is using the model and dying.
@@ecoideazventures6417 Ashley Madison, TH-cam, Tick Tok, Facebook, Truth Social, X…..
@@ecoideazventures6417 The DailyMail and TMZ are two that comes to mind.
Buzzfeed is to articles as Tik Tok is to videos, people prefer not to read.
I think this is totally why the country is falling apart. Nobody can read more than a paragraph. It’s frightening.
@@waterwomaninFL Even worse - can't read a paragraph but also thinks they are a genius. If you think you already know it all why bother reading anything?
People use Tiktok. Nobody reads buzzfeed. I don't like Tiktok either but all the kids use it.
@@waterwomaninFLwdym, I read whole comment threads till at least half way
@@BS-jw7nfreading Internet comments is not the same as reading books
Basically, the market environment changed yet Buzzfeed never adapted. The same can be said for companies like Sears and Radio Shack.
In what way do you feel that the market environment changed?
And not a soul will miss Buzzfeed. It's mostly garbage that's over-advertised. I've regretted every time I clicked on their ad/article. Mostly because I didn't know it was Buzzfeed.
I used to love BuzzFeed videos, they were interesting, just the right length and not political, but just like Vice, they went from interesting to condescending to downright boring.
BuzzFeed was always 💩 to me. Nothing of value was lost.
VICE was always all of those things. I wonder what happened to Hamilton though
Perfect comment. I thought it was that I'd got old but it's that BuzzFeed got crap.
I loved BuzzFeed too, but after a while, the videos became repetitive, then just downright ridiculous (Ex: "First Time in My Life Trying an Apple." 🙄😒
They placed ridiculous, unrealistic standards on their writers/content creators, which forced them to focus on quantity over quality.
Vice actually made good videos though. Buzzfeed was always low quality digestible rubbish that evolved into low quality ragebait rubbish.
Buzzfeed is like Maker Studio, Vice Media and Kotaku, a grift to extract venture capital from fools with money.
Vivek is the next fool. 😂
Vice was actually pretty good back in the day. Some of their videos were top tier jouurnalism
I wonder if Vivek did enough research on Buzzfeed before investing in it to realize it's pretty left wing and the viewers are left wing... right wing content will be the opposite of effective...
Elon made Twitter into a great platform. Lot of good knowledge there now. It was a leftist echo chamber before. Vivek probably has similar goals.
Im sure he is well aware. I think its more about buying a dying company and make it yours own. Twitter used to be pretty left wing too until Elon bought it.
Implying ramaswarthy is actually right wing and not a grifter
@@caracallaavg The social effect here is about the same, either way.
It is left but not in a political way. It’s purely aesthetic and is only meant to appeal to advertisers in terms of raw traffic, so they can’t make profits. The reason buzzfeed feels dirty to anyone on the political left is because it’s a cynical purely money making operation.
Bhad Bhabie's onlyfans gets more views than Buzzfeed.
Now how do you know that sir 🧐
Correction: Hundreds of thousands of views doesn't mean tens of thousands in revenue. It depends on donations, sponsorship, and merch sales which varies as wildly as views do. Frankly, this is why TH-camrs aggressively monitize because there's high risk even if you are making money
He said tens of thousands per month, of someone is getting hundreds of thousands of views for each video they put up every day then they will definitely get tens of thousands or more in revenue each month
@@nickhiggins9807 could get that much, not guaranteed. Some very popular videos are demonitized and directed at audiences that don't buy stupid stuff. Porn stars can get impressive amounts for a short time when relatively small numbers of assholes compete to show off how rich they are. Shows like WSM rely on donations from channel regulars to stay afloat even if they have large audiences.
Vivek Ramisellout is the kind of guy whose idea to turn a football team around is to hire a bunch of famous basketball players and hope they'll take peanuts as compensation. What a tool that shows he knows nothing but thinks money gives him some kind of innate wisdom.
technically it doesn't say that in the outline. specified was higher commission, lower hourly. just like a car salesman or real estate agent with commission pay.
@@projection-75-emulationsame diff considering how little traffic they get and how limited the money available actually is. Why would they take that? They already make their money on their own
Vivek is trying to shrink government and hold government accountable to their crimes and misactions.
Why do you hate him so much?
Are you employed?
@@jeffw8218Lmao no he's not. That's what his current grift is and you've fallen for it hook line and sinker
@@UCXEO5L8xnaMJhtUsuNXhlmQ I’m gonna wait for exploding wrestler to respond 👍.
Also you have no evidence to back up your claims 🤷♂️
Nobody : So, how bad do you want to fail.
Company : We'll go public by merging with a SPAC
They had the gold mine that was Brian David Gilbert and destroyed it.
Those 'employees' who drank their own urine? Those are INTERNS.
Interns who either were desperate to be offered FT employment or who knew the impact that the word "BuzzFeed" would have on their resume, thus they were willing to subject themselves to anything to climb the ladder....💔
I REALLY HATE seeing people be taken advantage of.
@@TomikaKellydude, times like this I’m really thankful I’m Muslim. I’d rather die of poverty than do something so degenerate
Trying to force current writers from woke to anti-woke wouldn't be a great strategy. It's basically purging the entire company and have them start from scratch. Plus, anti-woke content is not even entertaining. It only invites negativity until it has notthing to feed on anymore.
IMO the rightwing investors were investing solely to censor voices they didn't like, rather then trying to turn the company around in any way. They have to know full well that if Fox news switched to being super biased to towards the left, or NBC news switched to having a super hardcore rightwing bias that they'd both flop miserably.
Both woke and anti-woke content are negative. I think having both sides would be much better than just one side
The thumbnail is out of this world.
Anyone else notice Buzzfeed behaves eexactly like a really bad TH-cam channel?
"By merging with a SPAC." Stooooop, my liver can't take anymore!
Have any Spacs actually worked out?
It just seems like its solely being used as a way to get a business onto the exchange to strip it for parts.
Only DraftKings comes to mind…
There are some
@@TheZakkair they're losing money
Well yes, that's their entire purpose
I love how you missed buzzfeed unsolved. One of their best series ever
Buzzfeed makes you dumb - worthless articles and their headlines speak for themselves.
MOST things make people dumb, from Tik Tok to Instagram, to Facebook...
Imagine demanding that they increase their journalistic integrity, AND hiring Tucker Carlson in the same memo 🤣 That's like telling someone to lose weight and then putting them on a diet of nothing but double cheeseburgers.
@@brandonwenzel2844 shut up
describing Jonah Peretti as a "former high school teacher" is wild.
Why?
I'm really surprised they still around, last time I check their website was 2017.
I remember BuzzFeed Red, BuzzFeed Blue, and BuzzFeed Yellow
I truly respect your objective assessment on this video without getting political. That’s the only reason I watched to the end. Well done!
Don’t know if this is the most in depth article, really makes me question the quality of their short selling report.
1) The listicle/quiz format is arguable the first area of Buzzfeed and was really driven by Facebook era sharing. People would just share these listicles on Facebook all the time. However over time people become so anti facebook that this pretty much died
2) The second era of Buzzfeed is through its video platform. First on Facebook but then to TH-cam. From other first hand reports this was basically a content farm/frat house where creative people were farmed. There was a weird internship program where people were awarded pins and ruthlessly cut if they didn’t make viral videos. However most of this is standard in the entertainment industry, the real killer is that none of the talent owned the IP so there was no upside for them. They got into some hot water a while ago and now have relented however this does mean that both the quality and output per dollar of their videos are lower
3) The real reason about purchasing complex was to get hot ones ( or at least the reason that hot ones was retrained) is that they are looking for non person specific IP that can be expanded. Since Hot ones is mainly celebrity based it can maybe survive without its hosts
4) Buzzfeed has always been woke like most media companies it has been and will be
5) The main issues is that Buzzfeed can’t survive/adapt in the new TH-cam landscape. In current TH-cam you either have to be super low budget(single main operation) or have a giant crew (like my beast) it’s basically a dumbbell. For a while Buzzfeed could fit in the low end by exploiting its writers/talents but they can’t anymore
BuzzFeed is how i found Quinta Brunson ♥️
It doesnt matter if they start uploading higher quality videos because the youtube algorithm doesnt work that way now. A while ago, a lot of youtubers who frequently give insight into the various platforms they use talked about a change in the algorithm that caused 3 things to happen
1) youtube would be throwing very small, low sub count videos into peoples recommended at random, or close to random
2) if a channel stalls out before 100k, the algorithm deranks it
3) if any channel has a very low view to sub ratio, it gets deranked
due to the combination of thoser factors, once a big channel has a slump like that, it is EXCEEDINLY unlikely the algorithm will ever look at it favorably again or give it the chance to revive. TH-cam wants to cycle to new content creators.
the politics that buzzfeed espoused were boilerplate liberalism and only in the United States would it be considered left-wing.
You know it ends 3 seconds in, hearing the word SPAC...🤦💥
If you thought Buzzfeed is full of shit now, wait till Vivek runs it.
No one cares about BuzzFeed anymore.
Can't get worse
@@rusm5710 Oh it totally can. The same level of crap, but now from right wing influencers telling you the elections was stolen and immigrants are stealing your job!!!
Something tells me he knows all about shit
Spock: "They are dying."
Kirk: "Let them die!"
I was in college around 10 years ago and everyone wanted to be a writer for buzzfeed back then just like we all wanted to be secret agents/spies as kids.
Yes! 😂 I applied to be a writer for them 4 times and got denied every time. It was the peak Millennial dream job (little did I know, it was actually a nightmare for those who'd actually gotten hired. 😫)
Vivek wants to insure journalistic integrity by bringing in some of the most non-journalistic integrity personalities from the right but then again he was writing a letter to address a part of the company that didn't even exist anymore.
I forgot about tasty, and how terrible those videos were. They were just the new hotness on the Internet. They never knew how to create good content.
Every SPAC chart I see looks the same. Are SPACS just a way to bleed a private company of all value before shutting it down?
9:58 Damn, an entire playlist. Vox also needs one like that.
Apparently everyone in the urine drinking video was an intern, not even a full paid employee of the company.
Are there any SPAC-related market debuts that were actually successful?
NO
Well the people makeing the cash who set it up, less they make bank, with the fees and charges etc, no matter how well the spac gos.
@AnonymaxUK a few of them are making money but were still horrible investments
Vivek be like , “if you’re not spewing right wing propaganda you are not telling truth” 😂
'Content trash' 😂😂😂😂
The idea that Buzzfeed first became successful when the internet was "new" makes me want this channel to rename itself to Wall Street Zoomer.
~2010 was not the start of the internet
"the content produced by buzzfeed can most accurately be described as digital trash" lmao
Reporters and editors harbor delusions that there are any barriers to entry for theit business.
merging with a SPAC --> close video
As an indian i am always ashamed when vivek opens his mouth. Truly the worst of us.
talk about yourself
as an asian, Vivek is the best of us. educated, successful, friends with traditionalists of European posterity
A reminder that, back in the day, Buzzfeed News picked up a Pulitzer Prize, among other highly regarded journalism awards. That was a thoroughly legitimate news source for a time, brought attention to a lot of issues. Its a shame what became of it, but it was worthy of respect for a while.
Of course, Vivek only knows that it went after Daddy Trump a few times, so it must be an enemy to be humiliated and destroyed, even though its already defunct.
Buzzfeed and a number of sites were once popular because they had catered to everyone in some way. The problem in the 2010s is that anything popular became political and took a side. They and many others were also getting a push from the algorithms at a time when Facebook was trying to build its own video platform. They grey artificially and mistook that for genuine growth and expanded beyond their means. Lesson from the 2010s is do not count advertiser dollars as revenue.
Tesla produces only 1.5 million cars per year and has stopped growing, and their revenue is paltry..........the share price is gonna crash when investors wake up to those facts.
Short Tesla. Do it today!
After watching this video I canceled like 1/3 of my subscription of TH-cam channel. Am I the only one who cleaned his subscriptions 😂
Love your videos hope too see more in the future.
Feed of buzzwords.
Ah yes. Admit your past journalistic failures and then hire… those three… really raising the bar there friendo….
You're the one getting it wrong... He's saying make BuzzFeed like Daily wire... But got pop culture, which doesn't exist and would take off
Basically what happened to buzzed is they created an unnecessary and grossly overpaid corporate structure. All those people had to be paid, and they all wanted 6 figure salaries, so what happens?
They reduce what they pay to the actual creatives, reduce their budgets, force them to put out more content that is also very similar to previous content that was successful.
The creatives very quickly realize the money they bring in is going to people that actively make their content worse, and stress them out, so they say f it, I’ll do it myself.
Good. Bye Felecia. 👋
1:20, the root cause is right there on that jersey. Californian culture.
I remember buzzfeed as entertainment junkfood; tasty empty calories. Just don’t base your media diet on it. Sad to see it’s flatlining.
It’s always been known as a joke clickbait brand from the start. The era of listicles is over. It’s a tarnished brand. There is nothing of value here.
Their ad rev is also something where they have 0 control over the system that decides how much they get paid when, so when the adpocalypses happened, they would have felt that HARD
3:00 for those of us whose cat is an actual wizard...
The problem wasn't that they were "woke." The problem is that the current business/success culture is divorced from feeling the need to provide value. This is just an offshoot of the popular culture mixed with venture capital giving creators the belief that they decide what is made rather than the customer. When the venture capital dries up, they can't sustain a belief that they can tell the customer what to like rather than having to produce what they want. Woke is just what they decided to push.... the real problem is that they felt entitled to push whatever they wanted with an attitude that people are wrong if THEY don't adopt it.
The religious right lost popularity for the same reason. Not because people became more left-wing..... but because people don't want to hear how much they are sinning from someone who thinks they need to hear it.
I think what Vivek meant by people like Tucker and Candice isn’t them specifically, with their large fanbases.
He wants them to headhunt, find TH-cam personalities that don’t have big viewer bases yet, but whose content is similar, and recruit them.
love your thorough analysis man
7:06 “while this may have some truth to it”
May? It’s 100% accurate
Economy of scale in media doesn't work due to the nature of the product.
I've heared TH-camrs mention the name here & there many times over the years. But I've never actually seen any of their content, neither on TH-cam, nor in text.
That is to say, I won't miss them.
@@ThekillingGoku I never heard of them. Where do all these allegedly rich TH-camrs hide?
I suppose this at least sours anyone's notion that SPAC's are a good idea.
Had no idea he was involved with it.
I will never read BuzzFeed again.
He will ensure its demise.
I never liked Buzzfeed, and you stated my reason in the video. High quantities of low-quality content....just not my thing at all. I don't need to know what Harry Potter character I am based on my choices of cheeses, or some garbage like that.
*$1 billion valuation, yet have no effective means to monetize their sh1t*
🥴I loved BuzzFeed but after a while the videos became repetitive, then ridiculous. Ex: "First Time in My Life Biting an Apple."
They placed ridiculous, unrealistic standards on their writers/content creators, which forced them to focus on quantity over quality. For many Millennials, BuzzFeed feels more like 2010s nostalgia than anything else (like KMart or Blockbuster). For Gen X and Boomers seemed like junk food content, and for Gen Z and Gen Alpha, it feels dated and "cheugy."
BF never looked to the future because their present was always so successful and lucrative, until it wasn't. They pushed quantity over quality, produced cringey content that ranged from repetitive to ridiculous, and didn't expand their core audience beyond Millennials.
I agree once they lost credibility it’s next to impossible to get it back. Look at CNN. These name have toxicity associated with them.
Is there any value whatsoever with the Buzzfeed brand?
If it was to change what editorial policy it currently has, would the plan be to take any of its existing viewers with them?
As noted, individuals no longer need the Fox News, CNN, CBS, ABC networks, they can establish their own channels and, if they get it right, can have complete editorial control and generate a good revenue stream without the need for mainstream media.
"Truth" isn't what the majority of people want, instead they want an echo chamber of what they would like the truth to be, they want to be part of a bubble of like minded people.
For those on the far right they want to be in an environment where they can accuse the opposition of being paedophiles and not have people disagree or challenge them to produce the evidence that supports their assertion.
The Left and Right of politics all operate in their respective bubble, there is no financial gain in trying to market the "truth". There are some that try desperately to find the truth, the best they can do is for any issue, give the range of views and measure the bias, is that the "truth"?
Good Riddance!
17:04 I see the problem, column #4 -- if Buzzfeed stops hosting the "Eyes Wide Shut" parties they could ALMOST pull a profit.
I had no idea that Tasty was owned by Buzzfeed, because it's actually good.
I'm always happy to hear about vivek losing money, especially on something as braindead as trying to make buzzfeed not a money pit
The cost of technology became increasingly accessible over time so the creators broke out on their own.
Is there an index that shorts anything bought with a spac?
Buzzfeed is like most news media these days. Annoying AF.
they should adapt to the modern work environment. closes their physical office locations and allow the employees to work remotely. they will save money on office rent and be more competitive. raise standards on content
They've already been doing that for years now. They still have some in person jobs, but many of them are remote and freelance based, but they're still struggling. 😬
I came to watch pre-game show to Buzzfeed's funeral, but stayed to watch Vivek make a tool of himself.
Good, I say. GOOD.
OK, so why doesn’t buzz feed sign of these hosts to contracts?
Very interesting that Vivek choose to buy into BuzzFeed. The brand is tainted. Is there anything there? Hmmm
Buzzfeed was the Roger Corman of early TH-cam.
14:45 Wait... So, I'm not really a crunchy Twix candy bar according to Buzzfeed's Candy Bar Personality Quiz?
I like the way you said Gif correctly
🥴For many Millennials, BuzzFeed just feels like 2010s nostalgia (KMart or Blockbuster). For Gen X and Boomers it's like junk food content. For Gen Z and Gen Alpha, it feels dated and "cheugy."
BuzzFeed never looked to the future bc their present was always so successful and lucrative...until it wasn't. They pushed quantity over quality, never evolved beyond their listicles format, and produced cringey content that ranged from repetitive to ridiculous.
LMAO I was listening to this Vivek guy’s solution to saving buzzfeed like 😐 I’m so glad I wasn’t the only one cringing
Buzzfeed has been a dumpster fire for a long time. Good riddance.
If they're smart they'll fire everyone on the staff and use the name/domain for something else.
Ego will only take him so far.
you said the exact same thing twice😭😭