BuzzFeed flags ‘worrying’ risks, explores options to prevent bankruptcy | business News & more related News Here
BuzzFeed Inc. is exploring strategic alternatives to help address financial challenges and has “substantial doubt” about the media company’s ability to remain in business. BuzzFeed anticipates not having sufficient resources to meet its cash obligations for the next 12 months. “Although we have significantly reduced operating costs and real estate obligations, we still face legacy…