The Latest SPAC News and Rumors: January 26, 2023
by Marlena Haddad on 2023-01-26 at 11:40am
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Disruptive Capital sets out to buy back 95% of shares and Buzzfeed rallies after report of Meta deal
SPAC To Buy Back 95% Of Shares After Merger Talks End
Battered Buzzfeed shares rally after report of multi-million dollar Meta deal
Shares of BuzzFeed Inc (NASDAQ: BZFD) jumped over 50% in early trading after a report said Meta Platforms Inc (NASDAQ: META) was paying the digital media firm millions of dollars to bring more creators to Facebook, Instagram.
About 30 million shares changed hands by 9:50 a.m. ET, setting the stock for its busiest session on record and well above its 25-day moving average volume of about 150,000.
The $132 million company has seen its shares tank over 90% to just under $1 since going public via a reverse merger with a SPAC in December 2021.
Recent Posts
by Kristi Marvin on 2025-09-13 at 10:02am
by Nicholas Alan Clayton on 2025-09-12 at 4:10pm
by Nicholas Alan Clayton on 2025-09-12 at 8:26am
by Nicholas Alan Clayton on 2025-09-12 at 7:20am
by Nicholas Alan Clayton on 2025-09-11 at 3:24pm