Buzzer Layoffs
June 2023
Buzzer announced a layoff affecting 0 employees (100% of its workforce) in June 2023. The company operates in the Consumer sector.
0
100%
Jun 30, 2023
About
Buzzer, a mobile sports streaming startup backed by $44 million from high-profile investors like Michael Jordan and Kevin Durant, is shutting down all operations as of late June 2023. The company, which targeted Gen Z fans with micro-payments for live event clips, had previously pivoted from a consumer app to a B2B technology provider in May, but the strategy failed amid tough fundraising and market conditions. Founded in 2020, Buzzer had secured streaming rights for major leagues including the NBA and NHL. The shutdown marks the end for the venture, which employed a team of undisclosed size in the competitive sports media and technology industry.
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