BZFD - BuzzFeed stock gains for 4th day in a row

Shares of Buzzfeed Inc. (NASDAQ:BZFD) jumped 10% continuing a four-day winning streak for the digital media company whose shares have cratered since goinf public through a SPAC deal late last year. Buzzfeed shares have plunged more than 30% since going public in early December through a de-spacing transaction. While there appeared to be no news to account for the stock jump today, Axios earlier reported that BuzzFeed has limiting hiring to only critical positions BuzzFeed (BZFD) began its Wall Street career in early December after going public through a SPAC transaction with 890 Fifth Avenue Partners. BuzzFeed got off to a tough start as the BZFD transaction suffered 94% redemptions. This left the company with about $16M in cash from the deal, rather than the $287.5M that was originally available. Last month, BuzzFeed names Christian Baesler as COO.

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BuzzFeed stock gains for 4th day in a row