7 Reasons BuzzFeed's Debut Crashed This Week

A household name in the Digital Age hit the market on Monday, and it's fair to say things didn't go well. BuzzFeed (NASDAQ: BZFD) went public after striking a deal to combine with special purpose acquisition company (SPAC) 890 5th Avenue Partners. Shareholders of the blank-check firm approved the combination late last week.

The new BuzzFeed-rebranded stock initially traded sharply higher on Monday, only to end its first day of trading 11% below the prior week's close of $9.62. Things only got worse with sharp downticks for the next three trading days. Let's break down the market's cold reception in a way that BuzzFeed fans can appreciate -- with a listicle. 

You're not going to believe reason No. 4. Don't even get me started on reason No. 6.

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Source Fool.com