890 5th Avenue Partners Inc - Ordinary Shares - Class A Stock News

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced its financial results for the quarter ended June 30, 2026. “BuzzFeed, Tasty, and HuffPost are strong, recognizable brands that have loyal users, but we made it clear on our last earnings call that these businesses were carrying an unsustainable cost structure, and a restructure was immediately...

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. ("BuzzFeed" or the "Company") (Nasdaq: BZFD) today announced the appointment of Stanley E. Washington as an independent member of its Board of Directors, effective July 16, 2026. Mr. Washington will serve on the Audit Committee, the Nominating, Corporate Governance, and Corporate Responsibility Committee, and the Compensation Committee, where he will se...

NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. Completes Majority Stake Investment By Byron Allen's Family Office.

Twelve years ago BuzzFeed Inc reportedly valued itself at almost $1 billion, scaring off rumored interest from the Walt Disney Company.

BuzzFeed, which went public five years ago, has been grappling with a cash crunch.

Shares of BuzzFeed were up more than 130% in the extended session after the company said Byron Allen's family office agreed to take a majority stake.

Go back in time to 2016: BuzzFeed, Vice Media, and Vox Media are supposed to be the future of media. Now back to present tense: Vice filed for Chapter 11, Vox is breaking up, and BuzzFeed just sold itself for a fraction of its former value.