Part 6/8:
The broader industry trend reveals a tightening of the venture capital and SPAC markets. Many companies attempting similar mergers now face falling shares and skepticism from investors. BuzzFeed's current SPAC deal seems increasingly risky, with some insiders cautious about its future prospects.
Historical examples like Gawker and Gizmodo illustrate what can happen to media outlets once their valuation bubbles burst. Gawker was sued into oblivion, and Gizmodo was sold multiple times for significantly less than its peak; today, such outlets exist in diminished forms with little influence or profitability.