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 r ...

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 fi ...

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 dropped ...

ToplineEntrepreneur 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 Press. ...

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]

A well-known public figure has been buying up shares at a head-turning pace.Shares of digital media company BuzzFeed (BZFD 24.00%) had been stuck in the doldrums over the past year. But today, the stock suddenly skyrocketed after former presidential candidate Vivek Ramaswamy disclosed a major investment in the company. As of 10 a.m. ET on Wednesday, BuzzFeed stock was up around 30% -- but it had been up as much as 82% earlier in the day.How much does he own?The market capitalization for BuzzFeed has mostly ...

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 Buzzfeed Inc., based in New York City, skyrocketed about 20% to $2.99 on Wednesday.Ramaswamy acquired a 7.7% stake in Buzzfeed, according to a filing with the Securities and Exchange Commission late Tuesday.Former presidential candidate Vivek Ramaswamy said in a filing that he believes Buzzfeed’s stock ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Former U.S. President and Republican presidential candidate Donald Trump looks on as former Republican presidential candidate Vivek Ramaswamy speaks at a rally by Trump, in advance of the New Hampshire primary election in Laconia, New Hampshire, U.S. January 22, 2024.Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a "shift" in the media firm's strategy, the investor said Tuesday in a filing."Stay tuned," Ramaswamy told CNBC via a spokesperson. The wealthy ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file number ...