TimeRemove

TimeRemove t1_j8ezv1e wrote

Architect of the Capitol (AOC) is a federal agency. The Architect of the Capitol (federal agency) has an appointee (10-year term) also, confusingly, called the Architect of the Capitol. It has around 2.5K federal employees and an almost $1B budget.

So it being both a federal agency and also a presidential appointee, means the President has a lot of power. In this case congress essentially told Biden to replace him (bipartisan), and he did. Likely won't be controversial.

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TimeRemove t1_j64jt3g wrote

I would say this will hurt their reputation, but it is BuzzFeed. Their articles are just stolen Reddit threads/TickTock videos/Tweets.

I'd not buy their stock on this news, I'd sell it, as it will be easier than ever for competitors to enter their segment, and they have no real moats. BuzzFeed's entire value is their name, which I value at $3.5

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