bearish
Will BuzzFeed Win in the New Media Landscape?
SUMMARY
- BuzzFeed went public recently through a SPAC merger with 890 Fifth Avenue Partners in what may be the first in a wave of digital media companies making their public market debuts.
- As a result of the higher than expected redemptions in the SPAC, BuzzFeed may run into a brick wall to fund its future acquisitions
- Despite the steep discount, the company faces significant operational challenges ahead, including significant pressure on its balance sheet, scaling profitability and managing its capital in the long term.
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