- BuzzFeed ended the year with cash and cash equivalents of approximately $56 million. As of March 10, 2023, the majority of the Company’s cash and cash equivalents balance were held at Silicon Valley Bank. However, in a joint statement released by the U.S. Department of the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation, the U.S. government reassured that all depositors will be fully protected. The Company is accessing its funds and does not currently anticipate any disruption to its ongoing operations.
BuzzFeed Ended The Year With Cash And Cash Equivalents Of ~$56M. As Of March 10, 2023, The Majority Of The Company’s Cash And Cash Equivalents Balance Were Held At Silicon Valley Bank
BuzzFeed ended the year with cash and cash equivalents of approximately $56 million. As of March 10, 2023, the majority of the Company's cash and cash equivalents balance were held at Silicon Valley
