{"id":1091204,"date":"2021-12-06T18:44:28","date_gmt":"2021-12-06T23:44:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1091204"},"modified":"2021-12-06T18:44:31","modified_gmt":"2021-12-06T23:44:31","slug":"buzzfeed-sees-disappointing-stock-market-debut","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buzzfeed-sees-disappointing-stock-market-debut\/","title":{"rendered":"BuzzFeed Sees Disappointing Stock Market Debut"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbuzzfeed-sees-disappointing-stock-market-debut%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1091204&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>BuzzFeed witnessed a disappointing stock market debut.<\/p>\n<p>Trading under the ticker \u201cBZFD,\u201d the media company\u2019s shares were priced at $9.62 on Friday; by market close on Monday afternoon, however, shares were priced at $8.56.<\/p>\n<p><a href=\"https:\/\/www.nytimes.com\/2021\/12\/06\/business\/buzzfeed-stock.html\">The New York Times<\/a> reported:<\/p>\n<p>The choppy start came after BuzzFeed raised a lot less money than it had expected from the deal that brought it onto the stock market. BuzzFeed merged with a special purpose acquisition company, a transaction that could have raised over $250 million. But last week, the company revealed it had garnered only $16 million after a large number of shareholders declined to participate in the merger, allowing them to recoup money they had invested in the acquisition company\u2026<\/p>\n<p>Senior executives at other digital media companies are closely watching BuzzFeed\u2019s debut. Many of those businesses, which have been funded by venture capital firms and by established media companies over the past decade, have faced an increasingly tough advertising climate and are looking for ways to pay back their early investors.<\/p>\n<p>BuzzFeed is entering the market through a special purpose acquisition company (SPAC) merger, a mechanism growing in popularity among debuting companies \u2014 including other media firms. For instance, former President Donald Trump <a href=\"https:\/\/www.dailywire.com\/news\/breaking-trump-releases-new-details-on-social-media-platform-that-he-is-launching-soon\">revealed<\/a> in October that he taking a new social media venture public.<\/p>\n<p>\u201cI created TRUTH Social and TMTG to stand up to the tyranny of Big Tech,\u201d Trump said in a statement. \u201cWe live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable. I am excited to send out my first TRUTH on TRUTH Social very soon.\u201d<\/p>\n<p>\u201cTMTG was founded with a mission to give a voice to all,\u201d he added. \u201cI\u2019m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn\u2019t someone stand up to Big Tech? Well, we will be soon!\u201d<\/p>\n<p>Likewise, Rumble \u2014 a free speech alternative to YouTube meant to fight cancel culture \u2014 will be <a href=\"https:\/\/www.dailywire.com\/news\/rumble-a-free-speech-alternative-to-youtube-is-going-public\">listed<\/a> on the NASDAQ under the ticker CFVI following a SPAC merger.<\/p>\n<p>\u201cRumble is creating the rails to a new infrastructure that will not be bullied by cancel culture.\u201d CEO Chris Pavlovski explained. \u201cWe are a movement that does not stifle, censor, or punish creativity and freedom of expression. We believe everyone benefits when they have access to more ideas and diverse opinions.\u201d<\/p>\n<p>\u201cBeing a public company will allow the people that believe in our mission to invest and join us as we seek to restore a free and open internet,\u201d he added.<\/p>\n<p>Among more established social media companies, Facebook is <a href=\"https:\/\/www.dailywire.com\/news\/facebook-changes-company-name-to-meta-will-focus-on-bringing-the-metaverse-to-life\">embarking<\/a> on a \u201cmetaverse\u201d initiative and changing its name to \u201cMeta.\u201d Meanwhile, longtime Twitter CEO Jack Dorsey suddenly stepped down from his position; Dorsey\u2019s replacement, former CTO Parag Agrawal, does not <a href=\"https:\/\/www.dailywire.com\/news\/twitters-new-ceo-in-2020-company-not-bound-by-first-amendment-must-think-how-times-have-changed\">think<\/a> that Twitter should be \u201cbound by the First Amendment\u201d and that discourse on the platform should be policed in a way that shows \u201chow the times have changed.\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BuzzFeed witnessed a disappointing stock market debut.Trading under the ticker \u201cBZFD,\u201d the media company\u2019s shares were priced at $9.62 on Friday; by market close on Monday afternoon, however, shares were priced at $8.56.The New York Times reported:The choppy start came after BuzzFeed raised a lot less money than it had expected from the deal that brought it onto the stock market. BuzzFeed merged with a special purpose acquisition company, a transaction that could have raised over $250 million. But last week, the company revealed it had garnered only $16 million after a large number of shareholders declined to participate in the merger, allowing them to recoup money they had invested in the acquisition company\u2026Senior executives at other digital media companies are closely watching BuzzFeed\u2019s debut. Many of those businesses, which have been funded by venture capital firms and by established media companies over the past decade, have faced an increasingly tough advertising climate and are looking for ways to pay back their early investors.BuzzFeed is entering the market through a special purpose acquisition company (SPAC) merger, a mechanism growing in popularity among debuting companies \u2014 including other media firms. For instance, former President Donald Trump revealed in October that he taking a new social media venture public.\u201cI created TRUTH Social and TMTG to stand up to the tyranny of Big Tech,\u201d Trump said in a statement. \u201cWe live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced. This is unacceptable. I am excited to send out my first TRUTH on TRUTH Social very soon.\u201d\u201cTMTG was founded with a mission to give a voice to all,\u201d he added. \u201cI\u2019m excited to soon begin sharing my thoughts on TRUTH Social and to fight back against Big Tech. Everyone asks me why doesn\u2019t someone stand up to Big Tech? Well, we will be soon!\u201dLikewise, Rumble \u2014 a free speech alternative to YouTube meant to fight cancel culture \u2014 will be listed on the NASDAQ under the ticker CFVI following a SPAC merger.\u201cRumble is creating the rails to a new infrastructure that will not be bullied by cancel culture.\u201d CEO Chris Pavlovski explained. \u201cWe are a movement that does not stifle, censor, or punish creativity and freedom of expression. We believe everyone benefits when they have access to more ideas and diverse opinions.\u201d\u201cBeing a public company will allow the people that believe in our mission to invest and join us as we seek to restore a free and open internet,\u201d he added.Among more established social media companies, Facebook is embarking on a \u201cmetaverse\u201d initiative and changing its name to \u201cMeta.\u201d Meanwhile, longtime Twitter CEO Jack Dorsey suddenly stepped down from his position; Dorsey\u2019s replacement, former CTO Parag Agrawal, does not think that Twitter should be \u201cbound by the First Amendment\u201d and that discourse on the platform should be policed in a way that shows \u201chow the times have changed.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.\u00a0<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1091204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1091204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1091204"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1091204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1091204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1091204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1091204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}