{"id":459212,"date":"2022-06-07T21:28:49","date_gmt":"2022-06-07T18:28:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/buzzfeed-shares-recoup-some-losses-after-41-stock-decline\/"},"modified":"2022-06-07T21:28:49","modified_gmt":"2022-06-07T18:28:49","slug":"buzzfeed-shares-recoup-some-losses-after-41-stock-decline","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/buzzfeed-shares-recoup-some-losses-after-41-stock-decline\/","title":{"rendered":"#Buzzfeed shares recoup some losses after 41% stock decline"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a7a9b7c14d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a7a9b7c14d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/buzzfeed-shares-recoup-some-losses-after-41-stock-decline\/#%E2%80%9CBuzzfeed_shares_recoup_some_losses_after_41_stock_decline%E2%80%9D\" >&#8220;Buzzfeed shares recoup some losses after 41% stock decline&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CBuzzfeed_shares_recoup_some_losses_after_41_stock_decline%E2%80%9D\"><\/span>&#8220;Buzzfeed shares recoup some losses after 41% stock decline&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Shares of BuzzFeed went on a rollercoaster ride Tuesday amid the expiration of a ban preventing executives and major institutional investors from selling their shares.<\/p>\n<p>BuzzFeed\u2019s stock rose as much as 12% in midday trading, just one day after shares plummeted 41%, closing at $2.23 Monday. <\/p>\n<p>The plunge was the worst percentage drop in BuzzFeed\u2019s company\u2019s short trading history, shrinking its market capitalization by more than three-quarters since\u00a0it began trading as a public company in December. <\/p>\n<p>At the time, BuzzFeed, which is known for an odd mix of viral videos, popular quizzes and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> reporting, went public through a merger with special purpose acquisition company 890 5th Avenue. It began trading on Dec. 6, opening at $10.99 a share.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/investors.buzzfeed.com\/node\/7366\/html\">According to a filing<\/a> with the Securities &amp; Exchange Commission, a second lockup will expire on Dec. 3, which could also rock the company\u2019s stock.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-30.jpg?w=1024\" alt=\"Buzzfeed newsroom\" class=\"wp-image-22563896\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-30.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-30.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-30.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Shares of BuzzFeed cratered 41% Monday after its lockup expired, allowing investors to sell large chunks of stock.<\/figcaption><figcaption><span class=\"credit\">Los Angeles Times via Getty Images<\/span><\/figcaption><\/figure>\n<p>BuzzFeed did not comment on its stock volatility. A rep for the company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/buzzfeed-shares-drop-41-in-wake-of-investor-lockup-expiration-11654556769\">told the Wall Street Journal <\/a>on Monday that the stock decline was due to the lockup period, which expired on June 1.  <\/p>\n<p>He added that the company had very low \u201cfloat\u201d and few owners of its stock \u2014 making it sensitive to extreme fluctuations when major investors sell.<\/p>\n<p>A source told The Post that volatility is expected to be \u201cshort-term,\u201d however. The source added that the second lockup expiration will not likely impact the stock as greatly because \u201ca much smaller number of shares\u201d that will become eligible for sale<\/p>\n<p>BuzzFeed\u2019s largest shareholders include\u00a0Comcast-owned NBCUniversal, venture capital firm New Enterprise Associates and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> conglomerate Hearst, which operates magazines like Elle, Cosmopolitan and Esquire, according to an April filing. <\/p>\n<p>NBCU, Hearst and New Enterprise Associates didn\u2019t immediately respond to requests for comment.<\/p>\n<p>It is typical for companies that go public to have a lockup agreement in place, which prevents insiders from selling their shares until the end of designated periods. The agreement is used to assure investors that there will not be a large block of shares coming to the market, which could impact the share price. <\/p>\n<p>Likewise, it is typical for companies to see their stock price drop when the lockup expires. For instance, Facebook\u2019s stock fell more than 6% in August 2012 as shares owned by early investors became available to trade.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-31.jpg?w=1024\" alt=\" A BuzzFeed News logo adorns a wall inside BuzzFeed headquarters\" class=\"wp-image-22563932\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-31.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-31.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-31.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>BuzzFeed went public via a SPAC in December, and since then, its stock has taken a major hit. <\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>BuzzFeed was one of the last digital media companies to go public via a SPAC, a move that was meant to fuel growth. In the last year, the market has cooled, though, amid waning demand and heightened financial scrutiny. Rivals like Forbes, Vice Media and Vox all scr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed their plans to go public through a SPAC in recent months.<\/p>\n<p>BuzzFeed has grown its footprint via acquisitions of HuffPost and Complex Networks, and it looked to raise funds for future deals by going public. The company raised much less money than expected from its public listing amid weak demand from investors, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/buzzfeed-suffers-wave-of-spac-investor-withdrawals-before-going-public-11638472756?mod=article_inline\">the Journal reported in December. <\/a>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/07\/buzzfeed-shares-recoup-some-losses-after-41-stock-decline\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Buzzfeed shares recoup some losses after 41% stock decline&#8221; Shares of BuzzFeed went on a rollercoaster ride Tuesday amid the expiration of a ban preventing executives and major institutional investors from selling their shares. BuzzFeed\u2019s stock rose as much as 12% in midday trading, just one day after shares plummeted 41%, closing at $2.23 Monday&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":459213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Buzzfeed-32.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130030,80787,5007],"class_list":["post-459212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-7-22","tag-buzzfeed","tag-ipo"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/459212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=459212"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/459212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/459213"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=459212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=459212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=459212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}