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NASDAQ:BZFD 12 May 2026

BuzzFeed Stock Nearly Doubles as Byron Allen Deal Buys Time, Not a Clean Turnaround

BuzzFeed Stock Nearly Doubles as Byron Allen Deal Buys Time, Not a Clean Turnaround

BuzzFeed shares jumped 97% to about $1.44 Tuesday after Byron Allen’s family office agreed to buy 40 million new shares at $3 each, securing 52% control. Only $20 million is due in cash at closing, with the rest as a five-year promissory note. BuzzFeed reported Q1 revenue down 12.4% to $31.6 million and a net loss of $15.1 million. The company warned of “substantial doubt” about its ability to continue operating.
12 May 2026
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US Stock Market Today After Hours: S&P 500 Hits Fresh Record as CPI Risk Looms

US Stock Market Today After Hours: S&P 500 Hits Fresh Record as CPI Risk Looms

The S&P 500 and Nasdaq closed at record highs Monday, lifted by a surge in semiconductor stocks. After-hours, BuzzFeed soared on news of Byron Allen’s $120 million stake and CEO appointment, while GoPro jumped after announcing a strategic review. Hims & Hers fell following a surprise quarterly loss. Investors await Tuesday’s inflation data amid shifting Fed rate cut expectations.
12 May 2026
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Byron Allen’s $120 Million BuzzFeed Takeover Puts YouTube Ambition at Center

Byron Allen’s $120 Million BuzzFeed Takeover Puts YouTube Ambition at Center

Byron Allen’s family office will invest $120 million for a 52% stake in BuzzFeed, making him chairman and CEO and moving founder Jonah Peretti to a new AI-focused role. Allen Family Digital will pay $20 million in cash and issue a $100 million promissory note. BuzzFeed shares surged 156% after the deal, which values the stock at $3 per share, a 265.9% premium to Friday’s close. BuzzFeed’s Q1 revenue fell 12.4% to $31.6 million.
12 May 2026
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Stock Market Today

  • Before the Bell: Key Market Updates for Canadian Investors Amid Middle East Developments
    June 4, 2026, 7:49 AM EDT. Global markets showed mixed performances as investors weighed Middle East tensions and potential peace agreements affecting risk sentiment. Wall Street futures diverged, with the Dow up despite major North American markets closing lower. Canadian TSX futures dropped, while results from Lululemon Athletica and Saputo drew local focus. European and Asian equities mostly declined amid ongoing geopolitical concerns. Oil prices fell over hopes of a ceasefire between Israel and Lebanon, which may ease supply risks in the Strait of Hormuz. Meanwhile, gold prices rose on safe-haven demand. The Canadian dollar traded steady against the U.S. dollar, which softened slightly alongside a dip in the U.S. 10-year bond yield. Key economic data include U.S. jobless claims and productivity figures, set to influence near-term market direction.

Latest articles

Plug Power Stock Drops Pre-Market After New Financing

Plug Power Stock Drops Pre-Market After New Financing

4 June 2026
Plug Power shares slid 2.7% to $3.59 premarket after a 9.8% drop Wednesday, as investors digested a $39.2 million federal tax-credit sale aimed at boosting liquidity; analysts remain cautious, with consensus Hold and average target price below current levels, while ongoing cash burn and market volatility weigh on sentiment ahead of the June 11 annual meeting.
Trader Joe’s $2.99 Mini Tote Returns, Now Facing Lawsuit

Trader Joe’s $2.99 Mini Tote Returns, Now Facing Lawsuit

4 June 2026
Trader Joe’s will launch a new $2.99 Striped Mini Canvas Tote on June 17 after filing a federal trademark lawsuit and seeking a temporary restraining order against 4PX Express USA and Cainiao Supply Chain US Inc. to combat online knockoffs, as demand for the bags has surged among loyal, high-spending customers, according to court records and Numerator data.
Dollar General Sees Sales As Gas Prices Hit Shoppers

Dollar General Sees Sales As Gas Prices Hit Shoppers

4 June 2026
Dollar General raised its annual profit forecast after first-quarter earnings and margins beat estimates, driven by increased traffic from higher-income shoppers trading down amid $4+ gas prices; shares were indicated at $105.09 premarket, down $1.20, as analysts noted margin gains but flagged competition and an upcoming CEO change as potential risks.
Nuburu Shares Back in Play as BURU Traders Look at New Defense-Tech Angle

Nuburu Shares Back in Play as BURU Traders Look at New Defense-Tech Angle

4 June 2026
Nuburu shares jumped 8% premarket to $0.1841 after its Orbit unit reported $240,000 in telecom-infrastructure orders and $825,000 in potential pipeline, but the stock remains high-risk as NYSE American compliance and financing challenges persist, with key defense acquisitions and equity levels still pending regulatory and shareholder approval.
Veeva Raises Outlook After Beat, But Shares Dip as AI Looms

Veeva Raises Outlook After Beat, But Shares Dip as AI Looms

4 June 2026
Veeva shares fell 2.5% premarket to $178.72 after beating quarterly estimates and raising full-year guidance, as investors weighed strong results and a higher forecast against ongoing concerns about AI revenue impact, services growth, and customer migration amid tough competition from Salesforce and IQVIA.
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