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How a ‘Self-Worth Journey' Put ‘Abbott Elementary' Creator Quinta Brunson on a Path for Success
Quinta Brunson went from being a meme to having her own show, Abbott Elementary. From her self-worth journey to being behind the scenes, here’s how she did it.
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BuzzFeed Investors Have Pushed CEO Jonah Peretti to Shut Down Entire Newsroom, Sources Say
BuzzFeed’s news organization has about 100 employees and loses roughly $10 million a year, according to people familiar with the matter.
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BuzzFeed Says People Are Spending Less Time on Facebook
Meta’s core Facebook app has been pressured to keep up with competitors, including its own Instagram and the fast-growing TikTok.
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Stocks Bounce as Investors Raise Rate Hike Expectations After Powell's Comments
Fed Chair Powell on Monday said “inflation is much too high” and added that rates could increase more than the previously approved 25 basis points if needed.
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Investors Come Off a Strong Week Looking for More Gains Now That They Have Some Clarity From the Fed
With the Fed’s first rate hike out of the way, market pros are now debating whether the market can continue the upswing it started in the past week.
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BuzzFeed Is Now a Public Stock, But Can It Build a Long-Term Digital Media Winner?
BuzzFeed’s next act will require turning its tech start-up roots into a large media company on a landscape that continues to be disrupted.
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Ahead of Its First SPAC Approval, Dubai's Shuaa Capital Says It Wants to Launch More in ‘Quick Succession'
Dubai-listed investment bank Shuaa Capital is still in the final stages before its first SPAC can be listed, but the bank is already eager to launch more.
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10 Media Execs, Under the Cloak of Anonymity, Predict 2022's Industry-Shaking Events
Media executives anonymously predicted 2022’s industry-shifting events, including Bob Iger coming back as Disney CEO and Shari Redstone selling ViacomCBS.
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Vox Media in Advanced Talks to Acquire Group Nine, According to Internal Company Memos
Vox Media plans to acquire Group Nine soon, according to company memos obtained by CNBC.
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Why BuzzFeed's Poor Debut Doesn't Necessarily Spell Bad News for New Media
BuzzFeed’s success will grease the wheels for consolidation, but even a middling performance by the company will help give rivals a needed valuation comparison.
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Tech IPOs Have Been a Bad Bet in 2021 — All But One Are in Bear Market Territory
Of the more than 50 U.S. tech companies to go public this year through an IPO, SPAC or direct listing, only one of them is less than 20% off its high price.
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BuzzFeed Shares Close Down 11% on First Day of Trading After SPAC Merger
Shares of BuzzFeed, a digital media company, fell Monday after going public through a special purpose acquisition company.
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Appeals Court Orders Release of Some Mueller Report Passages
A federal appeals court is directing the Justice Department to disclose certain redacted passages from special counsel Robert Mueller’s Russia investigation report that relate to individuals who were investigated by prosecutors but not ultimately charged
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Why Windows 11 Is Bringing Android Apps to Your PC: CNBC After Hours
CNBC.com’s Jordan Novet explains what’s coming in Microsoft’s latest version of Windows. And, Warren Buffett says he’s officially given away half his net worth.
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BuzzFeed Becomes Digital Media Test Case as Industry Waits to Find Out Investor Interest
BuzzFeed will be the first significant digital media company to go public in what may or may not become a wave of SPACs.
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Ex-Treasury Worker Sentenced to 6 Months in ‘Leak' Case
A former U.S. Treasury Department worker was sentenced to six months in prison Thursday for leaking confidential financial reports to a journalist at BuzzFeed.
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Journalists Sue Trump Administration Over Border Surveillance Program
Five American journalists subject to controversial surveillance tactics at the border are now suing the Trump administration for allegedly violating their constitutionally-protected rights.
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Mueller Documents: Manafort Pushed Ukraine Hack Theory
During the 2016 presidential campaign, Trump campaign chairman Paul Manafort pushed the idea that Ukraine, not Russia, was behind the hack of the Democratic National Committee servers, Manafort’s deputy told investigators during the special counsel’s Russia probe. The unsubstantiated theory, advanced by President Donald Trump even after he took office, would later help trigger the impeachment inquiry now consuming the...
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Facebook Launches a News Section – And Will Pay Publishers
Over the course of its 15 year history, Facebook has variously ignored news organizations while eating their advertising revenue, courted them for video projects it subsequently abandoned, and then largely cut their stories out of its newsfeeds . Now it plans to pay them for news headlines — reportedly millions of dollars in some cases. Enter the “News Tab,” a...
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Why Do Celebrities Keep Getting Sued for Their Instagram Posts?
Jennifer Lopez, Gigi Hadid, Justin Bieber and other stars are being saddled with six-figure lawsuits for sharing photos…of themselves.