A major digital media player is changing hands. BuzzFeed Inc. , once a high-flying online powerhouse, is selling its majority stake to entertainment entrepreneur Byron Allen for $120 million. The deal covers 52% of the company, with Allen acquiring 40 million shares at $3 each. He kicks off the deal
A company that provides medical services to prisons recently filed for bankruptcy in Florida. YesCare, as it’s called, owes more money than it has on hand—between $100 million and $500 million in debts against only $50 million to $100 million in assets. This legal move, known as Chapter 11, pauses l
A real estate finance company recently shared its first-quarter 2026 results, showing how big financial moves can shift a business's direction. Instead of growing, the company focused on shrinking its debt by selling loans and other assets. This strategy brought in $1. 4 billion from loan sales and
The news that Disney is cutting 1, 000 jobs isn’t just another headline about layoffs—it’s a sign of bigger changes in the entertainment world. These cuts aren’t random; they’re happening in key areas like marketing, sports (thanks, ESPN), and even tech teams that help run Disney’s apps and websites
Disney’s latest round of layoffs has reached Marvel, cutting about 8% of its staff across both Marvel Entertainment in New York and Marvel Studios in California. The cuts impact nearly every department, from film and TV production to legal and finance teams. The biggest hit appears to be in visual d
A once-famous shoe brand from California just got sold at an incredibly low price. It was worth billions at its peak but now its entire company is changing hands for just $39 million. The brand made shoes from wool and eucalyptus, attracting eco-conscious buyers in tech hubs like Silicon Valley. Sta
Amazon is letting go of about 16, 000 corporate workers. This is the second big round of job cuts in just a few months. The company says it wants to use AI to do some of the work instead. They also want to make things simpler and get rid of extra layers in the company. Amazon didn't say which parts
Spirit Airlines is in a tight spot. The budget airline filed for Chapter 11 bankruptcy late last year. Now, the big decision-makers are the bondholders, like Ken Griffin's Citadel. They hold the purse strings and will decide if Spirit gets the money it needs to keep flying or if it's game over. The
PENN Entertainment is making big changes to its leadership team. The company wants to focus more on digital services and improve how it connects with customers. Two top executives, Todd George and Rich Primus, are leaving. They have been with PENN for a long time and helped shape its current success
Meta, the company behind Facebook, Instagram, and WhatsApp, has been shaking things up with its artificial intelligence (AI) division. The big boss, Mark Zuckerberg, brought in a young tech whiz, Alexandr Wang, to lead a new team called TBD Lab. This team is made up of some of the brightest AI minds
