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Another SPAC Bites The Dust

Motley Fool Money

The Ripple Effects of Paredi's Decision to Shut Down Buzzfeed News

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Buzzfeed News is the most unprofitable part of our business. We have other parts of the business that are profitable. If I were in his shoes, I would look to be sending a signal not just to employees but to investors with a document like that. And it's clear from the reaction of the stock, Dylan, that nobody on Wall Street believes him.

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