Investors tell digital media stocks to Buzz(Feed) off

Victor Lei — Head of Research Trends

Last year, news and entertainment site BuzzFeed (NASDAQ:BZFD) went public with a $1.5B valuation. Today it’s worth only a fifth of that after falling over 40% on Monday. 🤯 In 2015, BuzzFeed’s valuation was $1.7B, and now it’s worth just over $300M. What’s the big deal? After going public in the IPO and SPAC rush…

Read more