Jonah Peretti

Entrepreneur

Jonah Peretti was born in United States of America, United States on January 1st, 1974 and is the Entrepreneur. At the age of 50, Jonah Peretti biography, profession, age, height, weight, eye color, hair color, build, measurements, education, career, dating/affair, family, news updates, and networth are available.

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Date of Birth
January 1, 1974
Nationality
United States
Place of Birth
United States of America, United States
Age
50 years old
Zodiac Sign
Capricorn
Networth
$100 Million
Profession
Businessperson
Social Media
Jonah Peretti Height, Weight, Eye Color and Hair Color

At 50 years old, Jonah Peretti physical status not available right now. We will update Jonah Peretti's height, weight, eye color, hair color, build, and measurements.

Height
Not Available
Weight
Not Available
Hair Color
Not Available
Eye Color
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Build
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Measurements
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Jonah Peretti Religion, Education, and Hobbies
Religion
Not Available
Hobbies
Not Available
Education
University of California, Santa Cruz (BS)Massachusetts Institute of Technology (MS)
Jonah Peretti Spouse(s), Children, Affair, Parents, and Family
Spouse(s)
Andrea Harner
Children
2
Dating / Affair
Not Available
Parents
Not Available
Jonah Peretti Life

Jonah Peretti (born January 1, 1974) is an Internet entrepreneur, a cofounder and the CEO of BuzzFeed, cofounder of The Huffington Post, and developer of reblogging under the project "Reblog".

Source

Jonah Peretti Career

Education and early career

Peretti was born in California and raised in Oakland, California. His father, a criminal defense lawyer and painter, is of Italian and English descent and his mother (née Cherkin), a schoolteacher, is Jewish. His stepmother was African-American. He attended The College Preparatory School in Oakland, followed by the University of California, Santa Cruz, where he graduated with a degree in environmental studies in 1996. He taught computer science classes at Isidore Newman School in New Orleans, in the mid-1990s. He received a master's degree from the MIT Media Lab in 2001.

While at MIT, his email exchange with Nike over a request to print "sweatshop" on custom order shoes went viral.

In 2013, it came to light that after graduating from the University of California, Santa Cruz in 1996, Peretti published an article titled "Capitalism and Schizophrenia" in Negations, a Texas-based journal of critical theory. The paper demonstrated the "psychological link between one-dimensionality and advertising".

Career

Peretti co-founded The Huffington Post along with Kenneth Lerer, Andrew Breitbart and Arianna Huffington in 2005. He left The Huffington Post in 2011 after it was bought by AOL for $315 million.

In 2005, Peretti hosted the Contagious Media Showdown at Eyebeam in New York City, where he worked as director of the R&D Lab from 2001 to 2006. During the process Peretti developed the concept of the "Bored-at-Work Network", which he supposes to be larger than some major television network audiences.

Peretti founded the "Internet popularity contest" site BuzzFeed in November 2006. After leaving The Huffington Post, Peretti began working at BuzzFeed full-time. While originally known for its mix of internet memes and listicles, the site was the first to break the news that John McCain would endorse Mitt Romney in the 2012 Republican Primary. The site continued to grow afterward, raising over $35 million in funding from investors the next year. In August 2014, the site raised another $50 million from the venture capital firm Andreessen Horowitz, more than doubling its previous rounds of funding. The site was valued at $850 million by Andreessen Horowitz.

In 2019, Peretti announced that BuzzFeed would be cutting its overall workforce by 15 percent. Peretti said he wanted to reduce costs without resorting to additional fundraising. Its remaining workforce then officially unionized, their first successful fight being over laid-off staffers getting their earned paid time off.

In 2021 at a virtual company meeting, Peretti, as BuzzFeed's chief executive, fired 47 employees at Huffington Post in a controversial manner, sending a virtual meeting password "spr!ngisH3r3" to laid-off employees.

The HuffPost Union, which is affiliated with the Writers Guild of America East, said in a statement that the layoffs had affected 33 of its members, nearly a third of the local union.

Under Peretti's leadership, Buzzfeed has lost about $10 million annually.

Source

After years of financial hardship, Vice Media has filed for bankruptcy

www.dailymail.co.uk, May 15, 2023
On Monday, Vice Media Group, a leader on magazines such as Vice and Motherboard, filed for bankruptcy insurance to engineer its transfer to a consortium of lenders, capping years of financial hardships and top-executive departures. The lender consortium, which includes Fortress Investment Group, Soros Fund Management, and Monroe Capital, will make a credit bid for significant portions of the company's assets and assume significant liabilities at closing, according to Vice. Creditors can trade their secured debt for the company's assets rather than paying cash for the company's assets under a credit offer.

BuzzFeed News is CLOSING after owner Jonah Peretti admitted progressive site was losing money

www.dailymail.co.uk, April 20, 2023
According to a recent memo sent by the company's CEO, the Pulitzer Prize-winning Buzzfeed News brand will cease operations. 'We're downsizing our workforce by nearly 15% today across our Business, Content, Engineering, and Admin teams, as well as the process of ending BuzzFeed News,' owner Jonah Peretti said in the email.'
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