BuzzFeed Inc.’s inventory plummeted 41% on Monday, shortly after a ban stopping executives and main institutional traders from promoting their shares was lifted.
The plunge was the worst proportion drop in the digital-media firm’s quick buying and selling historical past, and the its market capitalization has now shrunk by greater than three-quarters since its December trading debut. BuzzFeed went public by a merger with special-purpose-acquisition firm 890 fifth Avenue.
