Edge One Capital, a significant BuzzFeed investor, has sent a scathing letter demanding a complete overhaul of the company’s board and governance structure. The letter accuses BuzzFeed CEO Jonah Peretti of operating with little accountability and criticizes the board’s lack of relevant experience and ineffective oversight, particularly in the wake of a disastrous acquisition and continued revenue decline. Edge One Capital calls for a ‘one share, one vote’ structure, removal of anti-shareholder provisions, and a board comprised of directors with relevant industry expertise.