![]() Trades in your Webull Advisors account are executed by Webull Financial LLC, a member of the Securities Investor Protection Corporation (SIPC). See additional information on the Disclosures webpage. Registration does not imply a level of skill or training. Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Crypto trading only available to US residents.Īdvisory accounts and services are provided by Webull Advisors LLC (also known as "Webull Advisors"). Please visit to see a list of crypto available to trade. Not all coins provided by Apex Crypto LLC are available to New York residents. Please ensure that you fully understand the risks involved before trading. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Cryptocurrency trading is offered through an account with Apex Crypto. ![]() Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.Ĭryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Webull Pay LLC. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. An explanatory brochure is available upon request or at Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Webull Financial LLC is a member of the Financial Industry Regulatory Authority ( FINRA), Securities Investor Protection Corporation ( SIPC), The New York Stock Exchange ( NYSE), NASDAQ and Cboe EDGX Exchange, Inc ( CBOE EDGX). As we’ve learned with both Vice and BuzzFeed, private valuations have been too inflated, especially as competing with digital advertising giants like Google, Meta and Amazon get harder and pressure mounts from investors to turn a profit.Ĭonsolidation and diversification appear to be the only way to survive, but BuzzFeed stock’s slow and steady depreciation is less than encouraging, leaving a cloud of uncertainty over the entire digital media space.Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). It’s tough out there to be a digital media company. Meanwhile, The New York Times paid a cool $550 million to buy up The Athletic, and more recently, G/O Media bought business journalism site Quartz in April. ![]() Instead, Vox completed a merger with Group Nine Media in February, and it was reported earlier this month Vice was planning to put itself up for sale. Following BuzzFeed’s poor post-debut performance, other media companies seem to have decided that sticking to consolidating and gaining scale privately was the better move.īoth Vox and Vice scrapped their own IPO plans. Many other digital media companies, including Vox Media and Vice Media, were looking to BuzzFeed’s public debut as a sign of whether there was a real appetite among investors for digital media. And when there’s that much uncertainty, companies tighten their belts and spend less on things like advertising. On top of all that, geopolitical risks caused by a war in Ukraine, sky-high inflation and supply-chain woes have injected a serious amount of uncertainty in the business world. If digital advertising behemoths such as YouTube are having trouble, companies like BuzzFeed are definitely feeling the heat. So tough in fact that even a company like Google’s YouTube reported a serious deceleration in revenue during Q1. However, not only has there been a serious slowdown in SPAC mania, but the macroeconomic environment is tough, to say the least. If there was ever a time to go public through a SPAC, it was 2021, and Peretti jumped on that opportunity to take BuzzFeed public just before the new year. listed SPAC IPOs in 2021 and 248 in 2020, according to financial analytics platform Dealogic. ![]() A SPAC is also known as a “blank-check company” and is used to raise money through an IPO with the goal of either acquiring or merging with another company. Either way, things really aren’t going the way CEO Jonah Peretti thought they would.īuzzFeed emerged as a public company after a merger with special purpose acquisition company - or SPAC - 890 Fifth Ave. Some may say it’s bad timing, and others may say the market just doesn’t have an appetite for a pure-play digital media company.
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