Former Republican presidential candidate Vivek Ramaswamy is pushing for big changes at money-losing news website BuzzFeed. “The company was a pioneer of the social internet, when referral traffic from Facebook seemed like it would never end. Legacy media companies and publishers believed that BuzzFeed had the secret sauce, so much so that they invested at sky-high valuations, […]
BuzzFeed (BZFD) stock surged as much as 83% in early trading on Wednesday after former Republican presidential candidate Vivek Ramaswamy disclosed a 7.7% stake in the embattled media giant and indicated he will push for changes at the company. According to an SEC filing, Ramaswamy believes BuzzFeed shares “are undervalued and represent an attractive investment […]
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in Buzzfeed, the digital publishing company that shut down its media outlet last year. Shares of the company skyrocketed more than 50% before the market open on Wednesday. Ramaswamy acquired a 7.7% stake in Buzzfeed, according to a filing with the […]