Shares of BuzzFeed Inc. dropped 6.8% on March 23, 2022, after the company released its first earnings report since going public that announced staff cuts and an expected decline in revenue. Previously, 77 former and current employees accused the company of botching its debut and failing to properly instruct its workers on how to trade their shares immediately after the company went public in December of 2021. Gibbs Law Group is investigating a potential BuzzFeed+Securities+Class+Action+Lawsuit on behalf of investors who lost money in BuzzFeed (NASDAQ: BZFD).
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