Vivek Ramaswamy takes 7.7% stake in Buzzfeed, sending shares soaring
BuzzFeed(BZFD) nypost.com·2024-05-22 23:22
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 ...