BuzzFeed, Inc., (BZFD) News

BuzzFeed, Inc., (BZFD): $2.09

1.14 (+119.88%)

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Latest BZFD News From Around the Web

Below are the latest news stories about BUZZFEED INC that investors may wish to consider to help them evaluate BZFD as an investment opportunity.

Sell These 10 Stocks Before the New Year

Today, I have a list of 10 stocks that my Portfolio Grader recently flagged as immediate sells.

Louis Navellier on InvestorPlace | December 27, 2022

BuzzFeed, Inc. Reaffirms Fourth Quarter 2022 Financial Outlook for Revenue and Adjusted EBITDA Following Yesterday’s Cost Restructuring Announcement

NEW YORK, December 07, 2022--BuzzFeed, Inc. ("BuzzFeed" or the "Company") (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today has reaffirmed its fourth quarter 2022 financial outlook following yesterday’s announcement of a cost restructuring plan.

Yahoo | December 7, 2022

Buzzfeed Layoffs 2022: What to Know About the Latest BZFD Job Cuts

Yet another significant decline in BZFD stock today appears to be tied to news of Buzzfeed layoffs, with 12% of the workforce packing up.

Chris MacDonald on InvestorPlace | December 6, 2022

BuzzFeed Inc. Lays Off 12% of Staff, Citing Advertising Slowdown

The news and culture publisher BuzzFeed Inc., which houses the editorial titles BuzzFeed News, Complex and HuffPost, announced Tuesday that it is laying off around 12% of its workforce, or roughly 180 employees, according to a memo from chief executive Jonah Peretti obtained by Adweek. The layoffs, which primarily affect Complex Networks, and overlapping…

Adweek | December 6, 2022

BuzzFeed to cut 12% of staff, citing possible downturn that could extend ''well into 2023''

BuzzFeed Inc. on Tuesday said it planned to cut roughly 12% of its staff, citing a shift to video content and the prospect of a downturn that could extend "well into 2023," Chief Executive Jonah Peretti said in a message to employees. "Our revenues are being impacted by a combination of worsening macroeconomic conditions, and the ongoing audience shift to vertical video, which is still developing from a monetization standpoint," he said. "That requires us to lower our costs. Unfortunately, reducing our workforce is an essential part of cost cutting. Staff salaries are the single largest cost at the company." He also said the integration of the entertainment network Complex Networks, which BuzzFeed acquired last year, presented "opportunities to consolidate and centralize some areas wher...

MarketWatch | December 6, 2022

BuzzFeed Plans to Cut 12% of Workforce as Challenges Mount

BuzzFeed plans to cut about 12% of its workforce as a result of worsening economic conditions and challenges in the digital-media business, the company said in a securities filing Tuesday. The cuts will impact just under 180 employees primarily across sales, tech, studio production and BuzzFeed com, as well as Complex Networks, according to a person familiar with the matter. BuzzFeed News and HuffPost won’t be affected.

Yahoo | December 6, 2022

How did BuzzFeed Inc. (BZFD) fare last session?

BuzzFeed Inc. (NASDAQ:BZFD) closed Wednesday at $1.31 per share, up from $1.18 a day earlier. While BuzzFeed Inc. has overperformed by 11.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BZFD fell by -86.86%, with highs and lows ranging from $14.77 to $1.12, whereas the simple […]

US Post News | November 24, 2022

BuzzFeed Inc. Announces Expanded, Global Events Slate for 2023

Publisher BuzzFeed Inc. plans to substantially bolster the size of its events portfolio in 2023, chief revenue officer Edgar Hernandez told marketers during a presentation in Long Beach, California, over the weekend. As part of the expansion, ComplexCon, which hosted its seventh iteration over the weekend, will debut in three, yet-to-be-determined cities across Europe, Asia…

Adweek | November 21, 2022

BuzzFeed Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

BuzzFeed ( NASDAQ:BZFD ) Third Quarter 2022 Results Key Financial Results Revenue: US$103.7m (up 15% from 3Q 2021). Net...

Yahoo | November 16, 2022

BuzzFeed, Inc. Announces Third Quarter 2022 Financial Results

NEW YORK, November 14, 2022--BuzzFeed, Inc. ("BuzzFeed" or the "Company") (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the world has ever seen, today announced financial results for the quarter ended September 30, 2022.

Yahoo | November 14, 2022

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