BuzzFeed CEO Jonah Peretti talks with Recode's Peter Kafka at the 2018 Code Media conference in Huntington Beach, Calif. Peretti says Facebook should be willing to share in the revenue it makes from its News Feed, something it has already done on other parts of its platform that make a lot less money. He also addresses recent reports that BuzzFeed might spin off its news division and argues that Google and Facebook have distorted the media business by hoovering up most of the digital ad revenue.