Part 10/15:
Much of the industry's malaise is linked to misconceptions about what constitutes a "tech company." BuzzFeed is a prime example; it’s pushing to go public, touting itself as a technology firm to fetch higher valuations, despite its core holding—a media company largely unprofitable and reliant on superficial metrics and venture capital. Similarly, Vice's repeated layoffs reflect a realization that their model, heavily dependent on views and social engagement, may not be sustainable without genuine profits.