We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
The Wrap / Lindsey Ellefson
/ Dec 5“In the days leading up to the vote, BuzzFeed had been facing troubles as writers walked out and investors pulled their funds as they questioned its prospects. While it hoped to raise hundreds of millions as a SPAC, it raised just over $16 million as the deal got approved. About 94% of the $287.5 million the SPAC raised earlier this year has been withdrawn by investors, according to its securities filing.” —
Tags:
BuzzFeed,
IPO
