Verizon Communications

BuzzFeed has agreed to acquire HuffPost, as part of a larger deal with Huffpost's owner Verizon Media Group.

"This is a real vote of confidence after years of many shocks in our industry and few success stories," so Mark Schoofs, editor-in-chief of BuzzFeed News, in an email to staff.

Verizon has joined companies like Ben & Jerry's, North Face, Pangolia and others in boycotting Facebook and Instagram as a marketing platform. With more and more companies joining in "Stop the Hate for Profit", the campaign is gathering momentum. The companies have voiced concerns over Facebook's policies and inaction regarding the handling of posts with hateful language, namely posts from the United States President Donald Trump.