$BZFD

$BZFD absolutely ripping AH — up 132%! 🚀🔥 🔹 Byron Allen’s family office is making a $120M majority investment at $3.00/share 💰 🔹 Allen Family Digital expected to own ~52% of BuzzFeed after closing 👀 🔹 Byron Allen set to become Chairman + CEO, replacing Jonah Peretti at the top 💼 🔹 Peretti moving into a new role as President of BuzzFeed AI 🤖 🔹 BuzzFeed plans major changes, including cost cuts and setting up BuzzFeed Studios + Tasty as a new independent entity 🎬 🔹 Allen says BuzzFeed is now chasing YouTube as a free video streaming platform powered by AI 📺 Massive media shakeup + AI pivot + majority investment has $BZFD on fire. Not financial advice. For informational purposes only.