BuzzFeed chief legal officer David Arroyo resigns, effective November 6

BuzzFeed, Inc. (NASDAQ:BZFD) announced that David Arroyo, the company’s Chief Legal Officer and Corporate Secretary, has resigned from his position, effective November 6, 2026. The announcement was made Monday, according to a statement in a press release and SEC filing.

Arroyo’s departure is to pursue other opportunities outside the company. According to the filing, Arroyo will not receive any severance benefits in connection with his resignation. The company stated that his resignation was not due to any disagreement with BuzzFeed, Inc. or any matter related to the company’s operations, policies, or practices.

During the transition period, Arroyo’s responsibilities will be managed by members of BuzzFeed’s legal team as the company seeks a replacement for the position.

This information is based on a statement in a press release and a filing with the Securities and Exchange Commission.

In other recent news, BuzzFeed Inc. reported disappointing financial results for the second quarter of 2026. The company experienced a 21.8% decline in revenue compared to the previous year, recording $36.3 million, which fell short of Wall Street’s expectations of $43.11 million. Additionally, BuzzFeed posted an adjusted loss of $0.22 per share, missing analyst estimates of a $0.14 loss per share. These results highlight ongoing financial challenges for the digital media company. In a separate development, BuzzFeed entered into a share purchase agreement with Allen Family Digital, an affiliate of Byron Allen’s family office. The agreement involves the purchase of 4,300,000 newly issued shares of BuzzFeed’s Class A common stock, totaling approximately $4.7 million in proceeds for the company. This transaction was reviewed and approved by the audit committee and four disinterested directors, who deemed the terms fair and reasonable. Byron Allen Folks, who disclosed his interest in the transaction, abstained from voting on the agreement.