BuzzFeed misses debt deadline, faces default
In April, BuzzFeed failed to make a $5 million payment, which has now resulted in a $500,000 fine as the company scrambles to avert bankruptcy.
Key facts
- BuzzFeed missed a $5 million debt payment in April.
- The company now faces a $500,000 penalty.
- BuzzFeed is racing to avoid default.
Entities
Institutions
- BuzzFeed
Sources
- Quartz —