BuzzFeed stock doubles on news that Byron Allen will buy a controlling stake in the onetime digital media giant

Allen will become CEO, while founder Jonah Peretti will transition to a new role. BuzzFeed shares had been trading at under a dollar for most of 2026.

Byron Allen [Photo: Paras Griffin/Getty Images]

Twelve years ago BuzzFeed Inc reportedly valued itself at almost $1 billion,........

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