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BuzzFeed Shares More Than Double Following $108.6M Complex Sale, Plans To Layoff 16% Staff
Thursday, February 22, 2024 - 4:45am | 694BuzzFeed Inc‘s (NASDAQ:BZFD) share price rose by 137.42% to $0.52 in after-hours trading after the company revealed the sale of Complex Networks to NTWRK, a live-streaming video commerce platform. The deal, valued at $108.6 million, will also result in a 16% reduction in BuzzFeed’s...