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Market-Moving News for May 12th

Benzinga Newsdesk May 12, 2026 6 months ago

MoversTrading Ideas

BZFD: 160% | BuzzFeed To Accept $120M Majority Investment From Byron Allen Affiliate To Buy 40M Shares At $3/Share; Byron Allen Named Incoming Chairman and CEO, Jonah Peretti To Become President Of BuzzFeed

BZFD: 160% | BuzzFeed To Accept $120M Majority Investment From Byron Allen Affiliate To Buy 40M Shares At $3/Share; Byron Allen Named Incoming Chairman and CEO, Jonah Peretti To Become President Of BuzzFeed AI; Upon Closing, Allen Family Digital Will Own About 52% Of Company's Outstanding Shares; Withholding 2026 Guidance At This Time

QUBT: 25% | Quantum Computing shares are trading higher after the company reported better-than-expected Q1 financial results.

GTLB: -12% | GitLab shares are trading lower. The company announced a reduction in force to realign its operating structure.

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