BuzzFeed, Inc., a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content. It also provides display, programmatic, and video advertising on its owned and operated sites and applications. BuzzFeed, Inc. was founded in 2006 and is headquartered in New York, New York.

BuzzFeed, Inc.

For Immediate Release
Chicago, IL – November 14, 2024 – Today, Zacks Investment Ideas feature highlights MicroStrategy MSTR, Tesla TSLA, ARK Innovation ETF ARKK, BuzzFeed BZFD, Comcast CMCSA and GameStop GME.
2 Meme Stocks to Buy Now
Stocks Explode Post-Election
Whether you agree with President-elect Donald Trump’s economic policies or not, one thing is certain: the conclusion of the 2024 U.S. presidential election on Wall Street has unleashed the “animal spirits.” To be fair, stocks have been on a tear since the bear market lows of 2022, boosted by a falling inflation rate, AI/data center spending, and a dovish federal reserve board. That said, whether it was because of more business-friendly policy expectations, less uncertainty, or a combination of both, the recent election threw gas on the fire.
Unleashing the Animal Spirits
You don’t have to look far to notice that the animal spirits are alive and well on Wall Street. Bitcoin and bitcoin proxies like MicroStrategy have gone on rampages higher. In fact, Bitcoin has flipped silver from a market cap perspective. Meanwhile,Tesla just capped its biggest 5-day rally in four years, the lagging ARK Innovation ETF soared 16% in a week, and small caps have clawed their way back to all-time highs after a multi-year drought. Presently, the market is in risk-on mode, and risk-takers are being rewarded handsomely. Below are 2 “spec” meme stocks to consider:
BuzzFeed
BuzzFeed is a left-leaning media organization recognized for crafting engaging content that often goes viral. The media platform combines pop culture trends and current events infused with humor and casual conversation styles that resonate with a younger demographic. BuzzFeed also delves into journalism, news coverage, and video content creation.
Vivek Takes a BuzzFeed Stake
BZFD has struggled since 2021, falling from nearly $60 to under a dollar at one point. However, former Republican presidential nominee, entrepreneur, and future Trump administration cabinet member Vivek Ramaswamy has injected life into the company by taking ~9% stake. In a letter to the BZFD board, Ramaswamy said, “BuzzFeed has lost its way. I own your stock because I believe BuzzFeed can still become a more valuable company than at its initial listing, but this requires a major shift in strategy.”
If anyone can turn around BZFD, it’s Ramaswamy. “Old media”, particularly left-wing media, has been losing viewership, with the latest evidence being Comcast putting MSNBC up for sale. If Ramaswamy can inject some balance into it, it may have a positive impact. Ramaswamy is a best-selling author with strong connections to “new media” juggernauts like Tucker Carlson.
BZFD Breakout
After coiling for several weeks, BZFD shares are breaking out.
GameStop
GameStop is the leading video game retailer, offering the best selection of new and pre-owned video gaming consoles, accessories, and video game titles, in both physical and digital formats.
GME: The Original Meme Stock
Though GameStop is known for being a video game retailer, on Wall Street, its claim to fame is being the king of the meme stocks and speculation. GME has rewarded investors with several short squeezes in its history, most notably the 1600% one-month gain in early 2021. While many investors may scoff at GME’s fundamentals, the meme mania has real-world benefits on the company.
GameStop’s Massive Cash Hoard
Normally, when a stock becomes a meme stock, it has no net benefit when it eventually crashes down. However, GME’s management team has been savvy and sold millions of shares worth of the stock the last few times it spiked. Now, GME has a massive cash hoard.
The company’s massive cash position gives GME the flexibility to invest back into its business, expand into other businesses, pay a special dividend, etc.
Bottom Line
The U.S. election set off the animal spirits on Wall Street. With meme stocks in vogue, GME and BZFD are two stocks with bullish catalysts worth considering.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Comcast Corporation (CMCSA) : Free Stock Analysis Report
GameStop Corp. (GME) : Free Stock Analysis Report
Tesla, Inc. (TSLA) : Free Stock Analysis Report
MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report
ARK Innovation ETF (ARKK): ETF Research Reports
BuzzFeed, Inc. (BZFD) : Free Stock Analysis Report
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Zacks Investment Ideas feature highlights: MicroStrategy, Tesla, ARKK, BuzzFeed, Comcast and GameStop

For Immediate Release
Chicago, IL – October 30, 2024 – Today, Zacks Investment Ideas feature highlights Spotify SPOT, Apple AAPL, Alphabet GOOGL, Amazon AMZN and BuzzFeed BZFD.
Meteoric Media Shift: From Mainstream to Independent
The Evolution of Media and Politics
For decades, media and politics have been connected at the hips. Politicians leverage the media to get their message out to the public, while the media uses politicians to gain advertising dollars and viewership. Throughout U.S. history, the media has had a dramatic impact on politics and the country. In the early 1900s, Teddy Roosevelt had to ride a train throughout the country and tirelessly shout his message at large crowds.
While political rallies of this nature occur today, the media has evolved a long way since then. Later, Franklin Delano Roosevelt, Teddy’s fifth cousin who would become the longest-serving U.S. president, revolutionized communication via radio with his infamous “Fireside” chats during the Great Depression and World War 2.
Fast forward to October 1960, and the entire nation was glued to their black and white television sets as Robert F. Kennedy and Richard Nixon participated in the first televised presidential debate. The impact of television on the 1960 election, and thus, history, cannot be understated. JFK ultimately won the presidential election after three vicious debates between the two. Historians often say that the more polished Nixon won more voters who listened to the radio debate, while JFK won those who watched TV due to his undeniable charisma.
Media Evolving Again
Those who study history can point to the wildly popular “Fireside Chats” and the first televised debates as monumental shifts in media. Media would never go back to how it was before, and politicians would need to adjust. For the past 50 years or so, cable television and news have dominated the media landscape. However, the 2024 election marks another monumental shift in how media is consumed.
Trust in Traditional Media Plummets
According to a recent Gallup poll, American trust in mass media has reached record lows. Only 31% of Americans express a “fair amount” of confidence in the media’s ability to report the news “fully, accurately, and fairly.”
The Rise of Independent Media
To bring our journey full circle, let’s discuss Robert Kennedy, the nephew of JFK and former independent candidate for president in the 2024 election. Though Kennedy ultimately lost his presidential bid, he was one of the most successful independent candidates in years. Kennedy chalked up his media success to podcasts, namely “The All in Podcast.” The All in Podcast is a top-rated podcast with four venture capitalists who discuss everything from politics to markets.
More and more Americans are turning to independent media like podcasts to consume their news. Independent media allows consumers to be more selective, trust their media more, access media on demand, and watch and listen to long-form podcasts with little interruption (instead of the rushed soundbites on mainstream media).
Kennedy is not the only presidential candidate who leveraged podcasts this cycle. Kamala Harris recently went on the provocative “Call Her Daddy” podcast. Meanwhile, Donald Trump joined the “Joe Rogan Experience” and garnered millions of views.
Winners: Spotify, Apple, Amazon
Thus far, streaming provider Spotify is the biggest winner of the new media paradigm. In 2020, Spotify reportedly paid comedian and MMA commentator Joe Rogan ~$100 million to join Spotify. Over the past two years, SPOT is up nearly 400%, and earlier this year, SPOT renewed Rogan in a $250 million mega-deal.
Other popular podcasting hubs include Apple, Alphabet and Amazon. However, SPOT benefits the most because it is the most focused on the podcasting and streaming business, and the shift moves the needle more than mega-cap tech companies like AAPL and AMZN.
Another Speculative Media Stock to Watch
BuzzFeed
BuzzFeed is a media firm known for its viral quizzes, videos, and pop culture entertainment. Although the company and its stock have sunk in popularity, former 2024 presidential candidate Vivek Ramaswamy injected life into the stock earlier this year by taking an activist stake in it.
Bottom Line
The 2024 presidential election marks a meteoric shift in media consumption from traditional to independent media. Spotify is the big winner.
Why Haven't You Looked at Zacks' Top Stocks?
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Today you can access their live picks without cost or obligation.
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Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Spotify Technology (SPOT) : Free Stock Analysis Report
BuzzFeed, Inc. (BZFD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zacks Investment Ideas feature highlights: Spotify, Apple, Alphabet, Amazon and BuzzFeed

The Evolution of Media and Politics
For decades, media and politics have been connected at the hips. Politicians leverage media to get their message out to the public, while media uses politicians to gain advertising dollars and viewership. Throughout U.S. history, the media has had a dramatic impact on politics and the country. In the early 1900s, Teddy Roosevelt had to ride a train throughout the country and tirelessly shout his message at large crowds. While political rallies of this nature occur today, media has evolved a long way since then. Later, Franklin Delano Roosevelt, Teddy’s fifth cousin who would become the longest-serving U.S. president, revolutionized communication via radio with his infamous “Fireside” chats during the Great Depression and World War 2.
Fast forward to October 1960, and the entire nation was glued to their black and white television sets as Robert F. Kennedy and Richard Nixon participated in the first televised presidential debate. The impact of television on the 1960 election, and thus, history, cannot be understated. JFK ultimately won the presidential election after three vicious debates between the two. Historians often say that the more polished Nixon won more voters who listened to the radio debate, while JFK won those who watched TV due to his undeniable charisma.
Media is Evolving Again
Those who study history can point to the wildly popular “Fireside Chats” and the first televised debates as monumental shifts in media. Media would never go back to how it was before, and politicians would need to adjust. For the past 50 years or so, cable television and news have dominated the media landscape. However, the 2024 election marks another monumental shift in how media is consumed.
Trust in Traditional Media Plummets
According to a recent Gallup poll, American trust in mass media has reached record lows. Only 31% of Americans express a “fair amount” of confidence in the media’s ability to report the news “fully, accurately, and fairly.”
The Rise of Independent Media
To bring our journey full circle, let’s discuss Robert Kennedy, the nephew of JFK and former independent candidate for president in the 2024 election. Though Kennedy ultimately lost his presidential bid, he was one of the most successful independent candidates in years. Kennedy chalked up his media success to podcasts, namely “The All in Podcast.” The All in Podcast is a top-rated podcast with four venture capitalists who discuss everything from politics to markets.
More and more Americans are turning to independent media like podcasts to consume their news. Independent media allows consumers to be more selective, trust their media more, access media on demand, and watch and listen to long-form podcasts with little interruption (instead of the rushed soundbites on mainstream media). Kennedy is not the only presidential candidate who leveraged podcasts this cycle. Kamala Harris recently went on the provocative “Call Her Daddy” podcast. Meanwhile, Donald Trump joined the “Joe Rogan Experience” and garnered millions of views.
Winners: Spotify, Apple, Amazon
Thus far, streaming provider Spotify (SPOT) is the biggest winner of the new media paradigm. In 2020, Spotify reportedly paid comedian and MMA commentator Joe Rogan ~$100 million to join Spotify. Over the past two years, SPOT is up nearly 400%, and earlier this year, SPOT renewed Rogan in a $250 million mega-deal.
Image Source: Zacks Investment Research
Other popular podcasting hubs include Apple (AAPL), Alphabet (GOOGL), and Amazon (AMZN). However, SPOT benefits the most because it is the most focused on the podcasting and streaming business, and the shift moves the needle more than mega-cap tech companies like AAPL and AMZN.
Speculative Media Stocks to Watch
BuzzFeed (BZFD)
BuzzFeed is a media firm known for its viral quizzes, videos, and pop culture entertainment. Although the company and its stock have sunk in popularity, former 2024 presidential candidate Vivek Ramaswamy injected life into the stock earlier this year by taking an activist stake in it.
Trump Media & Tech (DJT)
DJT is the parent company of Donald Trump’s “Truth Social” platform. The company is unprofitable and far less popular than Elon Musk’s X platform. That said, investors are piling into the company as they anticipate a Trump victory. Shares are up more than 200% in October alone.
Rumble (RUM)
Rumble is a video-sharing platform aimed at right-wing users. The platform was created as an alternative to YouTube, and is popular among right-wing users.
Bottom Line
The 2024 presidential election marks a meteoric shift in media consumption from traditional to independent media. Spotify is the big winner.
Research Chief Names "Single Best Pick to Double"
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Spotify Technology (SPOT) : Free Stock Analysis Report
BuzzFeed, Inc. (BZFD) : Free Stock Analysis Report
Rumble Inc. (RUM) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Meteoric Media Shift: From Mainstream to Independent

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