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Dec 6, 2021 · Advertiser. ·. Posted on Dec 6, 2021. BuzzFeed, Inc. (BZFD) To Become First Publicly Traded Digital Media Company, Begins Trading On Nasdaq Today. Newly Acquired Complex Networks joins...
Dec 6, 2021 · Technology. BuzzFeed’s a public company. Now what? “The fate of BuzzFeed is going to determine the fortunes of a lot of other companies.” by Peter Kafka. Dec 6, 2021, 5:07 AM PST. BuzzFeed...
Nov 16, 2022 · The company’s valuation is down to just $237 million, and dozens of current and former employees are suing BuzzFeed for losing out on millions, saying they weren’t able to sell their shares ...
- Mia Sato
Jun 24, 2021 · BuzzFeed, the leading tech-powered media company for digital content and commerce for millennial and Gen Z audiences, announced today that it will merge with 890 5th Avenue Partners, Inc....
- Spac vs. IPO
- Financial Data and Projections
- Other Key Statistics
- Union Grievances with BuzzFeed
- Pandemic Delays
BuzzFeed decided to go public via a SPAC because this process is much faster than a traditional initial public offering(IPO), cutting the time by as much as 75%. Another advantage is that BuzzFeed and the SPAC can offer predictions and projections about the future that typically are prohibited in the traditional IPO process. Also, going public in t...
After combining with Complex Networks, BuzzFeed expects to record $521 million in revenue in 2021, $624 million in 2022, and to exceed $1 billion by 2024. The company reportedly projects that about one-third of future revenue will be derived from merchandise sales, including items bearing the BuzzFeed logo. In Q3 2021, BuzzFeed reported revenue of ...
BuzzFeed reports that it has 97 million unique monthly visitors aged 18 and up, of whom 38 million are Generation Z or Millennials. Moreover, 73% of persons in the Generation Z and Millennial categories read BuzzFeed each month, and BuzzFeed is number one in time spent among these demographic groups. BuzzFeed is the parent company of HuffPost and T...
As a whole, including HuffPost, BuzzFeed currently has about 1,100 employees. The figure would rise to about 1,400 if its planned merger with Complex Networks is completed. Following mass layoffs, BuzzFeed employees voted in February 2019 to join the NewsGuild of New York, citing "legitimate grievances about unfair pay disparities, mismanaged pivot...
BuzzFeed was started in 2006 and had aimed to go public before the pandemic hit, but COVID-19 put those plans on hold. Other digital media companies will be watching closely how BuzzFeed trades. BDG Media, formerly Bustle, reportedly is still aiming to go public via a SPAC next year. Vox Media also is considering going public via a SPAC but may be ...
- Mark Kolakowski
Mar 22, 2022 · NEW YORK – (March 22, 2022) – BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged...
Jun 24, 2021 · New York CNN Business —. BuzzFeed, the 15-year-old digital media company known for its lists, quizzes and its Pulitzer Prize-winning journalism, announced Thursday that it plans to go public at ...
