Comcast dumps 6 million shares of Buzzfeed…

Comcast dumps 6 million shares of Buzzfeed…

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As the digital media company struck deals with Meta and made plans to incorporate AI tools into its product, the stock has jumped. BuzzFeed CEO Jonah Peretti Courtesy of Bennett Raglin/Getty Images Comcast has sold more than 5.7 million shares of BuzzFeed in recent days as the stock has jumped amid investor excitement about artificial intelligence-focused deals that the digital media company has struck with Facebook and Instagram parent Meta and OpenAI, the firm behind ChatGPT and DALL-E. In a regulatory filing on Wednesday, Comcast unveiled the sale of 5,726,385 BuzzFeed shares between Jan. 30 and Feb. 1 at prices...
Source: https://www.hollywoodreporter.com/business/business-news/comcast-buzzfeed-stock-sales-ai-1235316062/amp/