Dec. 28 at 6:43 PM
$BZFD $META $SNAP $PINS $NFLX
$BZFD may have just witnessed the beginning of a massive run, possibly associated with site changes to its upcoming social media platform. With Netflix recent alternative pivot, could it also be a buyout target for the streaming platforms entry into social media?
Friday, out of nowhere, 40 mins before regular market close massive volume began spiking on BZFD with absolutely zero news or social chatter.
Screeners lit up, and retail traders began chasing, yet we still don’t know why. Was it harder fund inflows? Smart money knows something? Launch of bfisland coming soon? We simply don’t know, yet…
We do know that the beta sign up page for Buzzfeed island has been taken down in just the past week so we could deduce that an update of some kind is coming soon regarding the new social media app being launched by Buzzfeed.
Best case scenario would be a launch on New Year’s Eve to gain traction during year end social festivities. Not financial advice.