NASDAQ:BZFD 12 May 2026

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

BuzzFeed shares surged Tuesday after Byron Allen’s family office struck a deal to buy 40 million Class A shares at $3 apiece, putting Allen Family Digital on track for roughly 52% control—and setting up Allen to take over as chairman and CEO. The jump was dramatic: Reuters reported the stock soared around 156% in after-hours trade on the news, then cooled off but held onto massive gains as Tuesday’s session unfolded.

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

Stocks in the U.S. hovered just below record territory in after-hours action Monday, with Wall Street leaning on AI-fueled chip gains to offset fresh inflation jitters and stronger oil. Extended trading brought only slight index moves: S&P 500 ticking up 0.02%, Nasdaq 100 adding 0.08%, Dow inching 0.04% higher, StockAnalysis.com data showed.

12 May 2026

NASDAQ:BZFD·NASDAQ:GPRO·NASDAQ:INTC·NASDAQ:QCOM·NYSE:HIMS·Stock Market

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

BuzzFeed Inc. on Monday announced a $120 million investment from Byron Allen’s family office, handing Allen a 52% stake and putting him in the dual role of chairman and CEO—Jonah Peretti, who founded the company, will step aside from the chief executive post after twenty years. According to the company, Allen Family Digital plans to snap up 40 million BuzzFeed Class A shares at $3 apiece.

12 May 2026

NASDAQ:BZFD·Stock Market