Saturday, November 9, 2024

Vivek Ramaswamy targets BuzzFeed: Read his full letter here

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Former Republican presidential candidate Vivek Ramaswamy is pushing for major change at troubled news outlet BuzzFeed and has been quietly acquiring shares in the company, catapulting him to the second-largest Class A shareholder with an 8.37% stake.

In a letter to BuzzFeed’s board of directors, reviewed by FOX Business, the entrepreneur and investor lays out his vision to rescue the media brand.

Ticker Security Last Change Change %
BZFD BUZZFEED 3.00 +0.20 +7.14%

READ THE FULL LETTER HERE:Ā 

While shares of BuzzFeed have rallied 180% this year, the stock is well off its peak of around the $40 per share level reached in March 2021.Ā 

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