Buzzfeed’s share price has continued to slide following its third quarter results last week, which showed time spent with its brands had declined one-third in a year.Buzzfeed Inc’s market capitalisation at market close on Tuesday 22 November was $164m (£138m).That is approximately 11% of the $1.5bn (£1.3bn) valuation the company received in June 2021 ahead of its public listing, and less than a tenth of the $1.7bn valuation the business received at the height of its influence in 2016, before it began purchasing other media companies.
Origen: Buzzfeed market cap dwindles to 11% of former valuation – Press Gazette
