Liberal Millennial News Sites Are Collapsing
Many forced layoffs have occurred.
Red Alert Politics reports.
Crash and burn? Liberal millennial news sites are failing
Liberal millennial websites are having a rough start to 2016. Ad revenue is collapsing, layoffs are increasing, and let’s face it — there are only so many stories involving cat GIFs or 90s nostalgia that can fit in between all the liberal news stories.
Vanity Fair reported on Tuesday that BuzzFeed, the king of millennial news, trivia, and personal essay websites, slashed its revenue projections in 2016 by 50 percent, from $500 million to $250 million.
The news comes after a devastating 2015, in which the company missed their mark by a surprising 32 percent.
So much of BuzzFeed news caters to 30-second attention spans, pop culture, social justice warriors, victimhood, and political tirades demanding everyone to “Feel the Bern.” That business model propelled it to the third most popular website for Gen Y, according to Millennial Marketing, surpassed only by YouTube and Spotify.
Crash and burn? Liberal millennial news sites are failing (Red Alert Politics)