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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

  • Yum! Brands Shares Surge Above 200-Day Moving Average on Tuesday
    May 12, 2026, 4:28 PM EDT. Shares of Yum! Brands Inc (YUM) climbed above their 200-day moving average, reaching a high of $148.50 on Tuesday, marking a 5.7% gain for the day. The 200-day moving average is a widely used indicator that smooths out price data to identify long-term trends. Yum! Brands' stock last traded at $148.13, positioned between its 52-week low of $122.13 and high of $163.30. Crossing above this technical level often signals bullish momentum to traders. This move could suggest increased investor confidence after a period of volatility, as reflected in Yum!'s one-year share performance. The 200-day moving average referenced was obtained from TechnicalAnalysisChannel.com.

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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

12 May 2026
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.
Dow Jones Today: Blue Chips Hold Near 49,700 as Hot CPI Hits Tech and Rate Bets

Dow Jones Today: Blue Chips Hold Near 49,700 as Hot CPI Hits Tech and Rate Bets

12 May 2026
The Dow Jones Industrial Average closed nearly flat at 49,700.29 on May 12, while the S&P 500 fell 0.54% and the Nasdaq dropped 1.37%. April’s Consumer Price Index rose 3.8% year-over-year, with energy prices up 17.9%, fueling market declines. Brent crude climbed 3.6% to $107.97 as the Iran war continued. Treasury yields rose, pushing rate-cut expectations further out.
US Stock Market Today After the Close: Hot CPI and Oil Reset the AI Rally

US Stock Market Today After the Close: Hot CPI and Oil Reset the AI Rally

12 May 2026
The S&P 500 fell 0.4% and the Nasdaq dropped 1.2% from record highs after April CPI rose 0.6%, with energy accounting for over 40% of the increase. Chip stocks led declines as Intel slid 8.6% and Micron lost 6.1%. Brent crude jumped 3.6% to $107.97 amid U.S.-Iran tensions. Fed rate-cut bets for 2026 dropped sharply after the inflation data.
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