But even before the decision was finalized, a key tension in the industry was on full display earlier in the day: In preparation for the vote that will take the company public, some of its staff members staged a walkout to call attention to ongoing issues regarding bargaining for their union contract
BuzzFeed had been heralded for its ability to attract younger audiences, covering trending news in an accessible and engaging way. It gained the interest of legacy media outlets including NBCUniversal, which invested $200 million in BuzzFeed at a valuation of $1.7 billion in 2016.
“If the timing comes along and we’re planning blistering 2022 and traffic and events do what we think they’re going to do, then the sky’s the limit,” Smith said.
Correction: Due to an editing error, a previous version of this story mischaracterized the size of the staff walkout.