• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Scott Bessent dared the $32 trillion bond market with 'I am the house now' statement. It didn’t listen

2

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

3

Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude's other chokepoint

1

Scott Bessent dared the $32 trillion bond market with 'I am the house now' statement. It didn’t listen

2

Billionaire Coinbase CEO Brian Armstrong says most charities are 'net negative'—and that he has no plans to make his own foundation

3

Oil prices dive on signs of Hormuz diplomacy while Saudi Arabia is left hanging in fight against an Iranian ally threatening crude's other chokepoint
Finance

Sorry, but Buzzfeed and Snapchat IPO plans are not news

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
May 28, 2015, 11:49 AM ET
BuzzFeed CEO Jonah Peretti talks with Fortune senior writer Jessi Hempel at Fortune Brainstorm Tech in Aspen, Colorado.
BuzzFeed CEO Jonah Peretti talks with Fortune senior writer Jessi Hempel at Fortune Brainstorm Tech in Aspen, Colorado.Kevin Moloney/Fortune Brainstorm TECH
Google source logo
Add Fortune on Google for similar content.

On Tuesday, Snapchat CEO Evan Spiegel said at the Code Conference that “we need to IPO.” It generated all sorts of headlines.

One day later, from the same conference stage, Buzzfeed CEO Jonah Peretti said that he was working on product diversification efforts that would “allow us to be a public company.” Once again, all sorts of headlines.

I understand why some might think Spiegel and Peretti’s statements were important, or at least decent click-bait. The reality, however, is that there is no “news” in learning that the CEOs of well-funded private companies plan to someday take their companies public. That’s part of the job description, and certainly the expectation of those venture capitalists who invested tens or hundreds of millions of dollars into these companies.

 

To be sure, Spiegel or Peretti could have made IPO-related news at Code Conference. They could have said when they plan to go public, or if they’ve begun picking bankers. Or, even more noteworthy, that they would prefer that their companies ultimately be acquired.

But they didn’t. They simply acknowledged the obvious. Not exactly headline-worthy…

Get Term Sheet, our daily newsletter on deals and deal-makers.

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in Finance


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in Finance


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.