BuzzFeed Inc (BZFD)

[Zardiw]

$BZFD - #8KSpy Alert:

4:29 EST

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1828972/000182897224000015/bzfd-20240221.htm



Z

[Zardiw]

$BZFD - #8KSpy Alert:

4:29 EST

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1828972/000182897224000015/bzfd-20240221.htm



Z

[PennyPusher786]

Closed on the high

[PennyPusher786]

They have big investors that will dump on retail after this pop before 8am tomorrow...

Let's see what the evening and the morning brings... by estimates, they should have 200 million MAX in cash after today's deal.... maybe they can be bought out? 1$ + per a share?

[PennyPusher786]

Third Quarter 2023 Financial and Operational Highlights

BuzzFeed delivered Q3 revenues of $73.3 million, declining 29% compared to the third quarter of 2022

Advertising revenue declined 35% year-over-year to $32.6 million

Content revenue declined 32% year-over-year to $26.2 million

Commerce and other revenues marginally declined 3% year-over-year to $14.5 million

Net loss was $13.9 million, compared to a net loss of $27.0 million in the third quarter of 2022

Adjusted EBITDA1 was $3.1 million, compared to Adjusted EBITDA loss of $2.4 million in the third quarter of 2022

Time Spent decreased 19% year-over-year to 92 million hours2

BuzzFeed ended the period with cash and cash equivalents of approximately $42 million

Fourth Quarter 2023 Financial Outlook

For the fourth quarter of 2023:

We expect overall revenues in the range of $99 to $110 million

We expect Adjusted EBITDA in the range of $20 to $30 million

[PennyPusher786]

Media industry will crash and burn eventually.... Everyone's getting laid off... people are cutting cable for years now. so who are advertisers really going to show their content to?...

Shouldn't have pushed government narratives for the past few years lol... divisive propaganda...

I left my job at the CBC 12 years ago but I still have peers in the industry... few of em are scuuuurdd... AI will replace many... But not me thank God, I threw my diploma in the garbage and registered a Small Business... now I live poor on MY TERMS only 😜

[PennyPusher786]

- Sold for less than half of the purchase price of 300 million $$... so they threw away 200 million dollars in just a couple of years....
- Firing 16% of staff, but that's not it.... and to make way for AI ohhh yaaaaaaay, how exciting! Lol....

"Recent reports indicate the cost-cutting at BuzzFeed is not over. Reuters reported last week that The Independent is in talks to take control of the company’s UK operations."

Bingoooo

"Investors in the NTWRK-Complex deal include Universal Music Group, record executive Jimmy Iovine, Goldman Sachs, and Main Street Advisors."

"Digital publishers have struggled in recent years as they navigate brutal industry headwinds, a soft advertising market, plummeting social media referral traffic, and the looming threat of artificial intelligence."

"BuzzFeed has been something of an avatar for such struggles among digital publishers. After launching an initial public offering in 2021, the company’s share price has fallen a staggering 98%, trading Wednesday at a perilously low 21 cents."

"The collapse of BuzzFeed’s digital empire has veered sharply into public view in recent years as the company has undergone several rounds of cost-cutting and layoffs."

https://www.cnn.com/2024/02/21/media/buzzfeed-selling-complex-networks/index.html

https://m.ca.investing.com/news/stock-market-news/buzzfeed-finalizes-complex-network-sale-for-1086-million-93CH-3272297

https://www.theguardian.com/media/2024/feb/15/independent-in-talks-to-take-over-buzzfeed-and-huffpost-in-uk-and-ireland

[Awl416]

BuzzFeed, Inc. Announces Sale of Complex to NTWRK in All-Cash Deal

[glenn1919]

BZFD........................https://stockcharts.com/h-sc/ui?s=BZFD&p=W&b=5&g=0&id=p86431144783

[Awl416]

Buy high sell low

[harry crumb]

Scam

[Monksdream]

BZFD new 52 week low

[Triple nickle]

Sell the spike

[tapioca]

Up from here.

[okwife]

BZFD???? LISTEN @ 8 min 30 seconds https://www.bitchute.com/video/3wiPV2KNYEiN/?list=notifications&randomize=false

[Jiaogulano]

Pigs on the table, get the forks out

as soon as I heard about Comcast selling, I knew this one was going to my penny stock list.
oops... silly con valley madeoff with the knives, no pun intended. HA

[harry crumb]

This turd is finished, scrap.

[tapioca]

Comcast dumping all the shares they’ve owned from 7 years ago for a nice profit. Don’t know when this will end, but when it does it should pop again

[harry crumb]

This one seems dead. Sold out on the pump

[harry crumb]

Some nice buying AH! Next week should be interesting

[harry crumb]

Is the buzz back, was buzzing today $$$$

[alchemytrader]

BZFD: Nevertheless, my PORTFOLIO likes it.

1.73, does it like it now?

[harry crumb]

What next, 1$ an lower

[SILVERSURFER4263]

comcast killed the BUZZ

[harry crumb]

Yikes, poor souls holding

[tapioca]

Who the hell is dumping this?
Looks like it’s being shorted.

[Jiaogulano]

Comcast sold approximately 10.8 Million Shares

They could have gotten a better return on their investment if they had let the stock rally higher.
Bigger question is who bought those shares and why?
There's something going on behind the scenes I bet.

[harry crumb]

2$ bounce just watch

[Jiaogulano]

This one's been a wonderful short

lots of put volume too
I see some call action but probably naked sells IMO
Stick a fork in this pig eh? lol

see ya

139,138,

[alchemytrader]

aaaand 2.73

[harry crumb]

Looking like 2.25 coming

[Jiaogulano]

I see you've been watching ARCA

slapping the bid, playing ping pong today
soon they will scramble on the bid
when news is afoot

[Jiaogulano]

Where's the money?

$$ AD REVENUE $$

This one is going up.

[Jess070283]

Everyone ran off. Back to $1. Easy money.

[bigrun]

Who are they?

[Hercules1]

This hits $7 in a week.

Some big investors are betting big on it.

[tapioca]

Crickets here, lol. Looks like it bounced
off 2.90 a couple of times. Volume gonna be crazy today..

[Jess070283]

Hey where is the pumpers at. Just a good ole pump and dumper here. Same rodeo. Short all the way down.

[harry crumb]

2.25 coming?

[harry crumb]

Not no more

[harry crumb]

Support level is holding

[surf1944]

https://stockcharts.com/h-sc/ui?s=bzfd&p=D&yr=0&mn=6&dy=0&id=p38090673899

https://www.barchart.com/stocks/quotes/bzfd/technical-chart?plot=CANDLE&volume=total&data=DO&density=ML&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM;SMA(20);SMA(50);SMA(100);SMA(200);CHKMF(20)&sym=SYSX&grid=1&height=210&studyheight=100

https://www.barchart.com/stocks/quotes/bzfd/opinion

Open chart gap @ .98 to close!

[harry crumb]

More profit taking

[tapioca]

Consolidation continues pm.

[Tahoe2468]

10 20 50 day chart all below the green candle going to over $5.

[da_stock_analyst]

#BZFD ?? More upside to $5-$6? What is a better entry to make profit? $BZFD

[Hercules1]

$BZFD:

$BZFD I'm fairly confident we will see at least $7 next weekhttps://t.co/6MA4Ma5jpV

— Denise Eun-Woo (@DeniseEun) January 28, 2023

[Tahoe2468]

Why is META laying off humans? To make room for AI …….. no brainer well brains that are not human ????????

[Tahoe2468]

Bull Pendant for this weekend heading into Monday. That’s cool

[Tahoe2468]

Vomilime volume volume enough said…….