Editorji is a popular short video news and information platform based in India. It was founded in 2018 by Vikram Chandra, one of India’s leading journalists, and has risen to prominence in the digital news space in a relatively short span of time. The platform is primarily designed for mobile devices, with applications available for Android and iOS.

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The company cited challenges including recession in the tech sector and the struggling stock market.

BuzzFeed to shut down its news operations

BuzzFeed announced Thursday that it was shutting its news division as part of cost-saving cuts, signalling the end of one of the most notable news websites of the internet era. 

The company cited challenges including recession in the tech sector and the struggling stock market.

BuzzFeed announced Thursday that it was shutting its news division as part of cost-saving cuts, signalling the end of one of the most notable news websites of the internet era.
The company cited challenges including recession in the tech sector and the struggling stock market, with CEO Jonah Peretti admitting he was partly at fault for the closure.
"We are reducing our workforce by approximately 15 percent today... and beginning the process of closing BuzzFeed News," Peretti wrote in a memo to staff.
BuzzFeed shares plunged more than 20 percent on Wall Street following the news.
Peretti said the company had come to the conclusion that it "can no longer continue to fund BuzzFeed News as a standalone organization."
He added that it would now concentrate its news output on its HuffPost website.
Peretti also cited the coronavirus pandemic, less capital, a decelerating digital advertising market and "ongoing audience and platform shifts."
"Dealing with all of these obstacles at once is part of why we've needed to make the difficult decisions to eliminate more jobs and reduce spending," he said.
Peretti conceded that he could have reacted better to the challenges.
"I also want to be clear: I could have managed these changes better as the CEO of this company and our leadership team could have performed better despite these circumstances," he wrote.
Peretti admitted that he had decided "to overinvest in BuzzFeed News because I love their work and mission so much."
"This made me slow to accept that the big platforms wouldn't provide the distribution or financial support required to support premium, free journalism purpose-built for social media," he wrote.
Peretti added that he regretted that he didn't hold the company to higher standards for profitability.
"Moving forward, we will have a single news brand in HuffPost, which is profitable, with a loyal direct front page audience," Peretti wrote.
He added that the company would offer some jobs at HuffPost and BuzzFeed.com to BuzzFeed News staff members.

Global banks named in Suspicious Activity Reports

Several global banks including&nbsp;HCBC, JP Morgan, Standard Chartered, etc have been named in&nbsp; Suspicious Activity Reports for moving more than $2 trillion of allegedly illicit funds

HSBC&nbsp;and Standard Chartered's&nbsp;Hong Kong shares dropped on Monday after some reports said that they and several other global banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money.
BuzzFeed and other media reports were based on leaked Suspicious Activity Reports (SARs) filed by banks and other financial firms with the US Department of Treasury.
The International Consortium of Investigative Journalists (ICIJ)&nbsp;reported that the files contained information about more than $2 trillion worth of transactions between 1999 and 2017, which were flagged by internal compliance departments of financial institutions as suspicious.
Five global banks appeared most often in the documents - HSBC, JPMorgan, Deutsche Bank, Standard Chartered and Bank of New York Mellon, the ICIJ reported.

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