Who Gets Punished When Companies Fail

BuzzFeed initially had a valuation of $1.2 billion when it went public, but a year later its value had dropped to a third of that. This is a common occurrence, with companies going public to give their stock a valuation that is often not based on anything concrete. Unfortunately, it is the random writers who are not making much money who are punished, not the board, CEO, or those in charge. This is a real bummer.