As per a Wall Street Journal (WSJ) report, one of the employees inquired about Peretti's plans for countering "inevitable legal issues" involving the company's visual work produced by illustrators, photographers, and art directors as well as content covered by U.S. copyright.
"Though BuzzFeed is a profitable company, we don't have the resources to support another two years of losses," said Peretti announcing his decision to lay off 47 HuffPost employees.
The article in Caravan magazine, written by its editor Hartosh Singh Bal, claims that the government's move to regulate fake news and web portals is aimed to act against people who are writing against the government.