Vivek Ramaswamy Buys Stake In BuzzFeed, Stock Price Jumps On News
BZFDBuzzFeed(BZFD) deadline.com·2024-05-23 11:10

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 1.54and1.54 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 ...