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