BZFD - 5 Reasons BuzzFeed Stock Is Hitting New Lows on Tuesday
There hasn't been a lot of buzz to the BuzzFeed (NASDAQ: BZFD) story since it hit the market five months ago. It posted its second quarterly report as a public company on Monday afternoon, and it was not well-received.
BuzzFeed stock sank to a new low on Tuesday at less than a third of the value where it debuted. Let's take a look at how its first quarter played out, and run through five reasons why Wall Street isn't happy with what the digital content publisher is serving right now.
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5 Reasons BuzzFeed Stock Is Hitting New Lows on Tuesday