Last month, former 2024 presidential candidate Vivek Ramaswamy disclosed a 7.7% stake in Buzzfeed (NASDAQ:BZFD) stock, equivalent to 2.72 million shares. At the time, Ramaswamy stated that he believed BZFD stock was undervalued and that he wanted to engage in communications with the company’s board and executives in order to maximize shareholder value. On May 26, Ramaswamy penned a letter to Buzzfeed’s board revealing that he had increased his stake to 8.37%, cementing him as the second-largest Class A shar ...

Tijuana… you don’t wanna. Those were the words of my college campus security officer and that’s the attitude investors should take regarding penny stocks. I know – it’s not exactly a ringing endorsement and that’s because it’s not. This sector is extremely risky due to the unpredictable nature of the space. Nevertheless, speculation is in the human bloodstream. Generation after generation will continue to put at least some capital behind penny stocks. That being the case, investors that are already committe ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output a ...

BuzzFeed (NASDAQ:BZFD) is among the media stocks that have come back to life in recent months. Indeed, shares of BZFD stock have surged from a low of less than 70 cents earlier this year to around the $3 level today. This move now puts shares above where they were exactly one year ago, something many investors didn’t think would be possible. Much of this recent rally has to do with shareholder activism from the likes of former presidential candidate Vivek Ramaswamy. The conservative leader, who has given up ...

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 2.80 +0.16 +6.06% READ THE FULL LETTER HERE: While shares of ...

Former 2024 GOP presidential candidate Vivek Ramaswamy has issued a seven-page letter to BuzzFeed's board of directors, reviewed by FOX Business, urging the troubled media company to add three more directors he has vetted and adapt its business model to survive as the company hemorrhages money. Since going public in December 2021, BuzzFeed's market value has plummeted from around $1.5 billion to just under $100 million. While shares of BuzzFeed have rallied 180% this year, the recent boost coincided with re ...

Entrepreneur Vivek Ramaswamy has taken a 7.7% stake in BuzzFeed, according to a filing from the Securities and Exchange Commission (SEC). The former Republican presidential candidate’s SEC filing revealed the acquisition came between March 14 and May 21, making up 2.7 million shares. Costs of the shares ranged anywhere between $1.54 and $2.51, according to the filing. Ramaswamy said in the filing that he believes BuzzFeed’s shares are “undervalued and represent an attractive investment opportunity.” The fil ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Why is Vivek Ramaswamy buying up shares of BuzzFeed? Let's start by stating the obvious: It is very funny to type the sentence "Why is Vivek Ramaswamy buying up shares of BuzzFeed?" Ramaswamy, as you may recall, was a fringe candidate in the most recent Republican presidential primary, where his platform consisted of praising Donald Trump and promising to "Take America First further than Trump." He dropp ...

Topline Entrepreneur and possible Trump running mate Vivek Ramaswamy bought nearly 3 million shares of Buzzfeed in recent months, giving him a 7.7% stake in the struggling media company and making him the fourth largest investor—leading Buzzfeed’s share price to spike. Buzzfeed’s share price was up about 14% just before noon on Wednesday after Vivek Ramaswamy, one of ... [+] Donald Trump’s vice presidential options, became the fourth largest investor in the media company. Copyright 2024. The Associated Pres ...

文章核心观点 - BuzzFeed原本是一家娱乐公司,后来也展现了新闻报道的实力,但近年来一直面临经营困难[1][2][3] - 保守派政客Vivek Ramaswamy收购了BuzzFeed 7.7%的股份,可能是想控制这家公司并转向保守派报道[3][4] - 如果Ramaswamy真的想把BuzzFeed转变为另一家保守派媒体,这将可能损害BuzzFeed的股价[6][7] 公司概况 - BuzzFeed原本是一家娱乐公司,发布在线测试和幽默文章,后来也展现了新闻报道的实力[1][2] - BuzzFeed在2021年通过SPAC上市,但上市后股价一路下跌,从10美元跌至不到1美元[4] - BuzzFeed去年关闭了获得普利策奖的BuzzFeed News部门,现在Huffington Post是该集团唯一的新闻网站[4] - BuzzFeed还出售了一些更有价值的资产,如Complex[4] 投资者动向 - 保守派政客Vivek Ramaswamy收购了BuzzFeed 7.7%的股份,并表示希望与公司管理层就提高股东价值进行对话[4] - Ramaswamy此前在社交媒体上发帖质疑了多起新闻报道,表现出对媒体的强烈偏见[4] - 分析人士认为,Ramaswamy可能是想控制BuzzFeed并将其转变为保守派媒体[4][6][7]