BuzzFeed stock is down 37.90%, the day employees and executives lock up expires

One of the most disastrous SPACs I have seen so far. Not sure why this Twitter user is looking at a 1 day timescale; since of all time, the stock is 80% down since public listing.

Like I've said before, the employees have still created great shareholder value and have been part of a magnificent pump and dump by SPAC investors who got out before it was listed. [0]

That right there is also what you call an 'exit scam'.

[0] https://news.ycombinator.com/item?id=29527155