HuffPo’s Buzzin’

[The beef 675] “What your HuffPo purchase price says about you...” - Jeff Hey there carnivores, Markets climbed on Thursday, despite record ‘rona numbers in the US. Today we’re talking BuzzFeed joining forces with HuffPost. Keep raging, Jeff & Jason What’s all the buzz about? BuzzFeed will acquire HuffPost, in a deal that was likely announced via a listicle. The two internet media companies [will merge]( as part of a $400M all stock deal. Verizon is parting ways with the news outlet, which was acquired through Verizon’s acquisition of AOL back in 2015. AOL bought Huffington Post in 2011. Stepchildren: never truly accepted, are they? Verizon Media will also make an investment in BuzzFeed and become a minority shareholder. Saying goodbye is tough, isn’t it Verizon? Well, not really since your cell towers consistently drop my calls... but I digress. Full circle BuzzFeed CEO Jonah Peretti was one of the co-founders of HuffPost. Of course, back then it was called The Huffington Post. That is until a focus group decided HuffPo was at least 6% more edgy. JP made sure to emphasize that deal had nothing to do with his fond memories of yesteryear, but rather BuzzFeed believes that HP has an exciting future and this deal will change the media landscape for years to come. In other words, the two companies combined will allow it to bring in more ad dollars, because synergies. Up next: The top ten reasons why you shouldn’t get back with your ex… The bottom line... This certainly isn’t the first instance of consolidation we’ve seen in the media industry over the past few years. For instance, did you know that The Water Coolest is acquiring Business Insider and has plans to shutter its newsletter operations? Don’t Google it, just take my word for it. [Just last year](, Vice bought Refinery29 for $400M, Bustle bought Mic.com for $5M, and Vox bought New York Media for an undisclosed amount. Consolidation seems to be a key for survival in the digital media space. 📢 Monday Movers Watchlist Drops Today Today, Jason Bond Releases His Monday Movers — Who Knows, Maybe You’ll Miss Out On Some Gems* [Trading Graph]( Find Out Which Stocks Jason Wants To Buy Today And Hold Into Next Week [Don’t Miss Out!]( Elon’s high again… And so itsTesla, after the company’s shares hit an all-time high on Thursday. The shares reached as [high as $508.61]( before dropping back to $499.27 at close. Tesla’s been going crazy since it was announced that the security would be added to the S&P 500, in part because money managers with accounts tracking the S&P have to buy its shares to stay up to date. As such, Tesla’s stock is on track for its best week since August 21st, 10 days before it announced a 4-1 stock split. Most recently, Tesla reported a fifth straight quarter of profit. Which is to be commended when looking at tech startups that have recently gone public. Straight cashless, homie The NFL is [going cashless]( at the Super Bowl for the first time in 55 years. Since the Super Bowl started, if you can’t read Roman numerals. Working with Visa, the league will use entirely contactless payment methods at the stadium. So you’ll have to pay for that $26 Bud Light with your phone. The NFL had apparently been planning this change, at least to test the waters. But the ‘rona expedited that process, and now the Super Bowl in Tampa will feature “reverse ATMs” where patrons can exchange cash into prepaid touchless gift cards that they can then spend on the aforementioned $26 Bud Light. Back from the dead RadioShack has twice gone bankrupt, but Retail Ecommerce Ventures CEO Alex Mehr and Executive Chairman Tai Lopez aren't phased. The duo [bought]( the rights to the RadioShack brand in the US, Canada, India, Australia, Europe and China, and all of its websites. You think anyone willing to shop at RadioShack knows how to use the internet? REV’s been on the offense since ‘rona boi took the retail world by storm. The retail necrophiliacs have also purchased the rights to Pier 1’s e-commerce business, and Modell’s trademark assets. General Wireless IP, RadioShack’s former owner, will retain a minority stake in the company. But why? Eeny, meeny, miny, moe Joe Biden is making plans, and apparently he’s got a [Treasury secretary picked](... but won’t say who just yet. Always playing hard to get, Joe. According to the current President-elect, he will announce the choice within the next few weeks. As of now, top contenders for the role include Lael Brainard, a member of the Fed’s Board of Governors, Roger Ferguson, the CEO of TIAA, and Janet Yellen (remember her?), the former Fed Chair. Joey B has also given praise to Friend of the Newsletter Jay Powell, meaning Joe B. could renominate him for chairman when Jerome’s term expires in February of 2022. 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