On Wednesday, BuzzFeed finally put all speculation to rest and announced that it is going public via a SPAC, or special purpose acquisition company. I was mildly disappointed that the digital media company’s investor presentation did not list 10 reasons as to why this listing is the only way forward for the company. Instead, it simply laid out the SPAC process, the details on valuation, revenue and EBITDA numbers, and its plan to acquire another online publisher.
To make this listing happen, BuzzFeed is merging with 890 5th Avenue Partners Inc.—a SPAC founded by the investor Adam Rothstein. As a …
Harveen is a co-founder at The Morning Context, and leads our Internet coverage, overseeing a team of reporters writing on startups and tech. She has previously worked as a media, consumer and tech reporter at The Ken and Mint. At The Morning Context, she writes on startups, venture capital, consumer and media businesses—from e-commerce to healthtech to streaming.
Editor, Internet
harveen@mailtmc.com
Mumbai
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
Editor, Newsletters
pradip@mailtmc.com
Delhi