In a similar vein, BuzzFeed has seen its audience shrink dramatically in recent years. The social platforms it relied on for referral traffic have turned off the tap, and the publisher has been forced by financial constraints to sell off several of its most popular brands.

Peretti shared that the platform will also exist as a mobile app, which presents a separate set of user acquisition challenges, according to media analyst Mike Shields.

“How do you promote it?” Shields said. “You’ve got to get it in the App Store, drive downloads, etc. Not easy.” 

One potential path is partnerships. BuzzFeed is not alone in its discontent with the existing social landscape, and it could try to pitch the platform to other publishers in a bid to combine their audiences, according to Shields.

Can BuzzFeed compete with Silicon Valley?

Social media platforms are defined more than ever by their owners and their political views, according to Shields. That could help a challenger brand gain a foothold in the space if it positions itself as an alternative to the existing options.

“I could see the appeal among some people of not living in Zuck and Elon’s world and maybe starting from scratch,” he said.

But the reality is that launching a social platform requires enormous financial and engineering resources and technologies like AI can only narrow that gap so much.

Shields asks, “Can BuzzFeed really compete with these Silicon Valley giants?” Given the stark difference in scale between BuzzFeed’s audience and established platforms like Instagram, how does it carve out meaningful space?

What will Set BF Island apart?

In addition to the logistical and financial challenges, BF Island will need to create a product offering that is not only distinct from its competitors—but ideally, one that cannot be easily copied.

Peretti has framed the platform as “counter-programming with our human creativity fighting against the machine,” suggesting that the primary difference will be that BF Island does not use an algorithm. 

Calls for chronological timelines and social feeds ordered by something other than machine learning are common, but those stated preferences often conflict with their revealed counterparts. In other words, people say they do not want algorithms, yet they consistently and almost exclusively use platforms that employ them.

“The gen AI age makes content like what BuzzFeed is known for very cheap to produce,” said Milicevic. “The incumbent platforms on whom BuzzFeed relies for reach can both mount a content challenge and tweak their algorithms so BuzzFeed’s content is seen by fewer people. It’s an existential threat that they need to innovate out of.”