The digital media company is ‘very comfortable’,it told the Financial Times, despite a report that internal financial targets were missed by over $80mBuzzFeed missed internal financial targets in 2015 and had to considerably lop its projected revenue by about half according to a report published by the Financial Times on Tuesday. According to the FT, and the company has been forced to lop its 2016 revenue target from $500m to $250m after missing its 2015 target by more than $80m. The company reportedly projected revenues of $250m in 2015 but generated less than $170m.
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Source: theguardian.com