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