Press release
Investigation announced for Investors in shares of BuzzFeed, Inc. (NASDAQ: BZFD)
An investigation on behalf of investors of BuzzFeed, Inc. (NASDAQ: BZFD) shares over potential securities laws violations by BuzzFeed, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of BuzzFeed, Inc. (NASDAQ: BZFD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of BuzzFeed, Inc. (NASDAQ: BZFD) concerning whether a series of statements by BuzzFeed, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based BuzzFeed, Inc., a tech-powered media company, provides breaking news, original reporting, entertainment, and videos across the social Web to its global audience. BuzzFeed, Inc. reported that its annual Total Revenue rose from $321.32 million in 2020 to $397.56 million in 2021, and that its Net Income increased from $10.33 million in 2020, to $24.71 million in 2021.
In December 2021, BuzzFeed, Inc. went public and started trading under NASDAQ: BZFD.
On March 15, 2022, the New York Times reports 77 former and current BuzzFeed employees have filed claims with the American Arbitration Association seeking compensatory damages in excess of $8.7 million. Some employees state that they were unable to sell their shares until the price had dropped nearly 60%, while others state that they are still unable to sell their shares to this day.
On March 22, 2022, BuzzFeed, Inc. issued it first earnings report issued since going public. BuzzFeed, Inc. said it expected revenue to decline in the first quarter of 2022 and it further announced it was reducing its workforce by 1.7%. At the same time, BuzzFeed News's Editor in Chief announced he was stepping down.
Shares of BuzzFeed, Inc. (NASDAQ: BZFD) closed on March 25, 2022, at $4.92 per share.
Those who purchased shares of BuzzFeed, Inc. (NASDAQ: BZFD) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Investors who purchased shares of BuzzFeed, Inc. (NASDAQ: BZFD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of BuzzFeed, Inc. (NASDAQ: BZFD) concerning whether a series of statements by BuzzFeed, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based BuzzFeed, Inc., a tech-powered media company, provides breaking news, original reporting, entertainment, and videos across the social Web to its global audience. BuzzFeed, Inc. reported that its annual Total Revenue rose from $321.32 million in 2020 to $397.56 million in 2021, and that its Net Income increased from $10.33 million in 2020, to $24.71 million in 2021.
In December 2021, BuzzFeed, Inc. went public and started trading under NASDAQ: BZFD.
On March 15, 2022, the New York Times reports 77 former and current BuzzFeed employees have filed claims with the American Arbitration Association seeking compensatory damages in excess of $8.7 million. Some employees state that they were unable to sell their shares until the price had dropped nearly 60%, while others state that they are still unable to sell their shares to this day.
On March 22, 2022, BuzzFeed, Inc. issued it first earnings report issued since going public. BuzzFeed, Inc. said it expected revenue to decline in the first quarter of 2022 and it further announced it was reducing its workforce by 1.7%. At the same time, BuzzFeed News's Editor in Chief announced he was stepping down.
Shares of BuzzFeed, Inc. (NASDAQ: BZFD) closed on March 25, 2022, at $4.92 per share.
Those who purchased shares of BuzzFeed, Inc. (NASDAQ: BZFD) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
