Page 3 - Complex Networks News Today

U.S. stocks traded higher this morning, with the Nasdaq Composite jumping around 300 points on Thursday. Following the market opening Thursday, t...

U.S. stocks traded higher this morning, with the Nasdaq Composite jumping around 300 points on Thursday. Following the market opening Thursday, the Dow traded up 0.63% to 38,857.02 while the NASDAQ rose 1.95% to 15,884.67. The S&P 500 also rose, gaining, 1.20% to 5,041.45.

Shares of Etsy, Inc.

Three years ago, BuzzFeed purchased Complex Networks for $300 million; Wednesday it sold Complex for $108.6 million.

BuzzFeed said yesterday (Feb. 21) it had finalized the sale of its pop culture media brand Complex Networks to NTWRK, a livestream shopping platform. The…

BuzzFeed sold Complex to NTWRK for $109 million, which will help BuzzFeed to become more innovative, according to CEO Jonah Peretti. 

In addition to selling media startup Complex, BuzzFeed also announced it will be laying off 16% of its workforce due to company restructuring.

BuzzFeed sold Complex to Ntwrk for $108.6 million and said it will lay off another 16% of BuzzFeed's remaining staffers.

Growing commerce platform Ntwrk has acquired Complex from BuzzFeed for $108.6 million in an all-cash deal on Wednesday.

The digital media landscape is shifting further, with BuzzFeed selling its Complex division to the livestream shopping platform NTWRK in a $108.6 million…