BZFD insider buying increases confidence after directors acquire thousands of company shares recently.

#BZFD #InsiderBuying #StockMarket #BuzzFeed

https://meyka.com/blog/bzfd-insider-buying-3-directors-acquire-69846-shares-on-may-12-2026-1305/

Once high flying #media content play #BuzzFeed (#NASDAQ listing:#BZFD), which last yr shut down its once Pulitzer winning #BuzzFeedNews operation, has now announced the sale of the #Complex brand that started as a print mag by street wear designer Marc Eckō . Buzzfeed acquired the brand for $300 million just 3 yrs ago, but unloaded it for a $108 million cash infusion and is laying off 16% of its remaining #workforce that a couple years ago was once around 500 and now a fraction of that.

https://www.axios.com/2024/02/21/buzzfeed-sells-complex