When Will BuzzFeed Undergo Major Financial or Operational Restructuring, Including Layoffs Exceeding 20%?
Basic
7
Ṁ447
Dec 31
16%
Feb - March 2024
16%
April - May 2024
14%
June - July 2024
15%
Aug - Sep 2024
13%
Oct - Dec 2024
13%
Not in 2024
13%
Other

This market aims to predict the likelihood of BuzzFeed encountering a significant event that could jeopardize its existence or operational capability by the specified date.

This includes, but is not limited to, firing >20% of workforce, entirely changing their news focus (ala Deadspin stopping all political writing and focussing back on sports), a majority sale or merger/acquisition, shutting down, declaring bankruptcy, or ceasing operations.

Context:

As of 10 Feb 2024, Buzzfeed has a market cap of $27.65m, and have 1000 employees. Assuming salaries of $50k, that's a $50m annual payroll for a company worth $27.65m.

[Credit to @Duderichy on X]

Their net income in Sep 2023 was -$27.84m, which is a greater loss than their entire market cap.

Buzzfeed IPOd on Dec 6 2021 at $10.99 per share, but is now trading at $0.18, a loss of 98.36%.

However, they have approximately $350k in revenue per employee.

Get
Ṁ1,000
and
S3.00
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What about a partial/full sale or merger? Would that qualify?

@Maniuser Yes that would count. I'll include that as an example.

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