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Re:BuzzFeed investors have pushed CEO Jonah Peretti to shut ... by manicdee on Tuesday March 22, 2022 @05:40PM (#30771932)
Investors are the ones making the decision for higher profits in the short term over long term viability of the company. It is absolutely in the investors, usually profit hungry corporate investors like superannuation or the local equivalent.

Foresight isn’t profitable. Sustainability isn’t profitable. They want next years bonus cheques not a healthy retirement fund.

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