The digital media and entertainment company BuzzFeed is shutting down its popular news division BuzzFeed News. On April 20, a memo was sent to staff by CEO Jonah Peretti. In it, he announced that the organization could no longer be funded and that the shutdown would begin Thursday. Peretti himself takes on most of the blame in the memo, citing missteps that led to this downfall: the slow unification of BuzzFeed and Complex, an overinvestment that caused hesitancy in partner