The news was celebrated by many, not least Elon Musk, who roasted the outlet on Twitter.
"It sucked," Musk said of BuzzFeed News shortly after Peretti's memo to staff went viral.
Musk has been a frequent target of BuzzFeed and its news division, which ran countless articles scrutinizing his acquisition of Twitter and numerous hit pieces on everything from his business decisions to his personal life.
The billionaire's sentiments were shared by many prominent right-wing media personalities, including Glenn Greenwald, Stephen Miller, and Charlie Kirk.
Miller slammed the soon-to-be-defunct outlet, claiming it "did more harm to the online journalism industry than almost any other media outfit." In a piece for the Spectator, he broke down BuzzFeed News' quantity-over-quality strategy, and explained how its journalists had managed to get away with publishing misleading and often flat-out incorrect stories.
"It was a cancer on ethical journalism, changed the world of internet reporting for the worst," Miller said, "and while I take no pleasure in people losing their jobs, that website absolutely deserved to die."
In a clever mockery of BuzzFeed News' classic "listicles," Kirk outlined seven reasons why he believed the site was being shut down.
He pointed out that BuzzFeed News' reporting was not only, by its own admission, not objective, it was often an arbiter of fake news.
"According to FAIR, a left-wing media watchdog, BuzzFeed's coverage of Barack Obama was so fawning that it was 'creepy' and 'sycophantic'," Kirk noted.
In his memo to staff, Peretti explained that the company was "reducing our` workforce by approximately 15 percent today across our Business, Content, Tech, and Admin teams, and beginning the process of closing Buzzfeed News." He cited financial constraints as the reason behind the decision to dissolve the outlet.
"HuffPost and Buzzfeed Dot Com have signaled that they will open a number of select roles for members of Buzzfeed News," Peretti continued. "These rules will be aligned with those divisions' business goals and match the skills and strengths of many of Buzzfeed News’s editors and reporters."
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