Why did BZFD plummet?

The stock price of BZFD (BuzzFeed) experienced a decrease from July 1 to July 3. The decline in BuzzFeed's stock price can be attributed to **Recent Financial Moves**. On June 26, 2025, BuzzFeed Studios Canada, Inc., a subsidiary of BuzzFeed, Inc., BuzzFeed Studios Canada and Lexland Studios have agreed to guarantee the obligations of Girls Like Girls Film Inc., pending formalization. This strategic move is expected to enhance BuzzFeed’s content production capabilities and strengthen its position in the digital media landscape. However, the market may have reacted negatively to this news, possibly due to concerns about the financial health of BuzzFeed or the viability of the Girls Like Girls Film Inc. guarantee. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |BZFD|BZFD.O|BuzzFeed|20250623|-1.4563|186| |BZFD|BZFD.O|BuzzFeed|20250624|0|186| |BZFD|BZFD.O|BuzzFeed|20250625|-2.4631|186| |BZFD|BZFD.O|BuzzFeed|20250626|2.0202|186| |BZFD|BZFD.O|BuzzFeed|20250627|0.4951|186| |BZFD|BZFD.O|BuzzFeed|20250630|-1.4778|186| |BZFD|BZFD.O|BuzzFeed|20250701|5.499999999999994|186|