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Former Republican presidential candidate and entrepreneur Vivek Ramaswamy invested in BuzzFeed, according to a filing from the Securities and Exchange Commission .showed that Ramaswamy had purchased a 7.7% stake in BuzzFeed between March 14 and May 21, making up 2.7 million shares.
NEW YORK, NEW YORK – DECEMBER 06: BuzzFeed is displayed in front of the Nasdaq market site as the media company goes public on the Nasdaq through a merger with a special-purpose acquisition company on December 06, 2021 in New York City. Shares of the digital media company, trading under the new ticker “BZFD,” rose 12.7% to $10.84 as markets opened Monday.
The filing notes that the “Reporting Person,” otherwise known as Ramaswamy, “will seek to engage in a dialogue with the Issuer’s Board of Directors and/or management about numerous operation and strategic opportunities to maximize shareholder value, including a shift in the Company’s strategy.” After the news of Ramaswamy purchasing a stake in BuzzFeed, shares of the company soared “as much as” 77 percent to “$4.44 at the market open on Wednesday to hit the highest intraday level since April 2023,” according toIrony: Labour Means Open Borders, Warns Highest Migration Ever SunakNolte: Doomed CNN’s Primetime Ratings Hit 33-Year LowWhy is Sen.
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