This market aims to predict the likelihood of BuzzFeed encountering a significant event that could jeopardize its existence or operational capability by the specified date.

This includes, but is not limited to, firing >20% of workforce, entirely changing their news focus (ala Deadspin stopping all political writing and focussing back on sports), a majority sale or merger/acquisition, shutting down, declaring bankruptcy, or ceasing operations.

Context:

As of 10 Feb 2024, Buzzfeed has a market cap of $27.65m, and have 1000 employees. Assuming salaries of $50k, that's a $50m annual payroll for a company worth $27.65m.

[Credit to @Duderichy on X]

Their net income in Sep 2023 was -$27.84m, which is a greater loss than their entire market cap.

Buzzfeed IPOd on Dec 6 2021 at $10.99 per share, but is now trading at $0.18, a loss of 98.36%.

However, they have approximately $350k in revenue per employee.