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Benzinga
Benzinga
Business
Michael Cohen

BuzzFeed Employees Want $8.7M In Compensation, File Complaints Over Stock IPO

BuzzFeed BuzzFeed Inc

Complaints filed by 77 former and current BuzzFeed Inc (NASDAQ:BZFD) employees say the company mishandled the public launch of its stock, leading to a significant loss in the value of their shares.

What Happened: Two claims were filed before the American Arbitration Association by employees of the company who altogether more than 900,000 shares of BuzzFeed stock when it went public.

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