Comcast further trims its BuzzFeed position amid AI frenzy

Comcast Corp. further pruned its stake in BuzzFeed Inc. in recent days, though to a smaller degree than with past stock sales.

The media giant disclosed in a Tuesday filing with the Securities and Exchange Commission that it sold more than 524,000 shares of BuzzFeed on Feb. 16 and Feb. 21. The sales brought Comcast’s
CMCSA,
-3.27%
stake in BuzzFeed
BZFD,
-5.61%
to 15.48% from 15.90% at the time of the company last-disclosed stock sale earlier this month.