Last Friday, the media industry toasted BuzzFeed for successfully drawing the attention of nearly 800,000 Facebook users to a livestream of two employees wrapping hundreds of rubber bands around a watermelon until the fruit exploded. The gambit capped another quarter of widespread confidence in BuzzFeed’s business…
Late last month, Recode reported that NBCUniversal is preparing to invest $250 million in BuzzFeed, a play that would value the site at $1.5 billion. This newest round of funding (last year, it was merely $50 million from Andreessen Horowitz) raised a still unanswered question: How is BuzzFeed doing financially?…
Is that good or bad? We just don't know anymore in this topsy-turvy world of bailouts and bonuses and government ownership of corporate monsters. But whatever—AIG pulled in a cool $1.8 billion last quarter.
