Business

BuzzFeed's Stock Surges After Investment Deal

Updated 2026-05-11 23:45 UTC 1 source Positive

Shares of BuzzFeed surged more than 130% after the company announced that Byron Allen’s family office would take a majority stake. This investment is seen as a lifeline for the beleaguered media firm.

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MarketWatch

BuzzFeed’s stock more than doubles as beleaguered media company gets a lifeline

Shares of BuzzFeed were up more than 130% in the extended session after the company said Byron Allen’s family office agreed to take a majority stake.

2026-05-11 23:31 UTC