BuzzFeed COO Steps Down, Joins Lerer Ventures as Adviser

BuzzFeed's chief operating officer and president Jon Steinberg has stepped down from his role at the viral content site.

He will remain with BuzzFeed as an adviser for the next six months. Steinberg will join investment group Lerer Ventures also in the role of adviser, according to a memo from a spokesperson at BuzzFeed. The full memo is below.

Ken Lerer, the managing director of Lerer Ventures, is chairman of BuzzFeed and the cofounder of The Huffington Post.

Steinberg joined BuzzFeed as the company's 15th employee and spent four years helping to build out the site's social advertising offerings. Read more...