BuzzFeed sees $106.4M net loss in Q4—company had funds at Silicon Valley Bank

Click here to read the full article.

BuzzFeed, Inc. announced financial results for the full year and fourth quarter on Monday, with the media company reporting a huge net loss. The report also revealed that the California-based company kept a majority of its cash and cash equivalents at the recently-defunct Silicon Valley Bank.

The statement went on to quote a joint release from the US Department of the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation that says that depositors would be fully protected from the bank’s folding.

Continue reading here.

Scroll down for comments and share your thoughts!


What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

LIVE 6:30 PM ET: NTD Evening News (March 13): Biden Approves $8B Oil Drilling Project in Alaska; Rep. Comer Subpoenas Bank Records in Hunter Probe

Judge Rejects Request From Moderna, Moving Key COVID-19 Vaccine Case to Discovery