digital media

Shares of digital media company BuzzFeed Inc (NASDAQ:BZFD) rallied recently after former 2024 presidential candidate Vivek Ramaswamy disclosed a 7.7% stake in the company. One key investor in BuzzFeed saw the rally as a way to lower its stake. What Happened: Ramaswamy revealed a stake in BuzzFeed...

Fidelity Investments, a $4.5 trillion asset management company, has filed three trademark applications with the United States Patent and Trademark Office (USPTO) for a variety of Web3 goods and services, including an NFT marketplace and a crypto trading platform in the metaverse. The applications,...

Vinco Ventures, Inc.'s (NASDAQ: BBIG) board of directors announced the delay of the distribution date for the previously announced spin-off of Cryptyde, Inc. due to contractual and regulatory conditions. Vinco issued the press release after market close, with the stock reacting by trading down...

Digital media company BuzzFeed (NASDAQ: BZFD) reported first quarter financial results after market close Monday. Here are the key highlights for investors. What Happened: BuzzFeed generated revenue of $92 million in the first quarter, up 26% year-over-year. The total came in shy of a consensus...

Weedmaps WM Technology Inc (NASDAQ: MAPS) and hip hop star Killer Mike announced the launch of their new media project Tumbleweeds. The show will follow Killer Mike, real name Michael Render, exploring what show creators call "a new era of cannabis in America." What To Expect On...

Digital content and commerce company BuzzFeed is going public in a SPAC deal bringing a portfolio of brands aimed at millennials and Gen Z to the market. The SPAC Deal: BuzzFeed is merging with 890 Fifth Avenue Partners Inc (NASDAQ: ENFA) in a deal valuing the company at $1.5 billion. As part...

Two digital media publishers are in talks to merge and explore going public via SPAC in a consolidation move in a fragmented market. What Happened: Axios and The Athletic have discussed a merger and plans to go public via SPAC, sources told the Wall Street Journal. A potential deal would...

890 Fifth Avenue Partners Units (NASDAQ: ENFAU) may be taking BuzzFeed public, according to a Bloomberg report. What Happened: Rumors that BuzzFeed will go public have been swirling for years, but on Wednesday Bloomberg reported a deal may be close. BuzzFeed, a digital media company, is in...

Software investors may want to consider passing on "hyper growth stories" in favor of a company like Adobe Inc (NASDAQ: ADBE), which offers a "durable" earnings per share growth profile, according to Morgan Stanley. The Analyst Keith Weiss upgraded Adobe from Equal-weight...

Despite popular belief, News Corp (NASDAQ: NWSA) isn't a "declining newspaper company," at least according to analysts at Rosenblatt Securities. The firm's Alan Gould initiates coverage of News Corp's stock with a Buy rating and $17 price target given the disconnect between perception and reality....

Comcast Corporation (NASDAQ: CMCSA)'s NBCUniversal segment is close to finalizing a deal in which it will invest $200 million in BuzzFeed. According to Recode, NBCUniversal is attracted to BuzzFeed's fast-growing digital content, which is in a better position itself to target younger audiences. A $...

For many industries, information flow has seen a remarkable transformation from paper mediums to digital in order to save time, space and money. Not to mention digital mediums tends to be more organized than paper-based information. Paper companies have not backed down to the industry threat,...