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September 5, 2013 02:24 am GMT
BuzzFeed founder and CEO Jonah Peretti published a memo to employees today that laid out some details about the site's growth, as well as its plans for the coming year.For one thing, Peretti said that BuzzFeed posted "record profit in August" and that the company has "gone from zero revenue four years ago to a profitable company with over 300 employees." As far as I can tell, that's first time Peretti has acknowledged that BuzzFeed is profitable, aside from mentioning "accidental" profitability in summer 2011 that was followed by a period of aggressive hiring.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wJyTnRxkuuA/
BuzzFeed's Jonah Peretti Says The Site Is Profitable, With 85M Uniques And 300Plus Employees
BuzzFeed founder and CEO Jonah Peretti published a memo to employees today that laid out some details about the site's growth, as well as its plans for the coming year.For one thing, Peretti said that BuzzFeed posted "record profit in August" and that the company has "gone from zero revenue four years ago to a profitable company with over 300 employees." As far as I can tell, that's first time Peretti has acknowledged that BuzzFeed is profitable, aside from mentioning "accidental" profitability in summer 2011 that was followed by a period of aggressive hiring.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wJyTnRxkuuA/
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