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.
After failing to become President of the United States, Vivek Ramaswamy has decided to turn his attention to a new venture. Indeed, the former Republican candidate has acquired an activist stake in BuzzFeed (NASDAQ: BZFD ) and BZFD stock.
One person has bought shares of BuzzFeed for two months and owns a stake large enough to be disclosed. This investor wants to talk to management about maximizing shareholder value.
The Former Republican presidential candidate said the stock is undervalued, and heis looking to speak with Buzzfeed's board and management.
The former Republican presidential candidate invested in the media company intending to ‘shift its strategy'
What is a meme stock? In simple terms, it's a stock that pumps in value, not because of any intrinsic underlying value, but because of artificial externalities.
What is a meme stock? In simple terms, it's a stock that pumps in value, not because of any intrinsic underlying value, but because of artificial externalities.
Shares of BuzzFeed Inc. soared on heavy volume Wednesday, after the Vivek Ramaswamy, a former presidential candidate, disclosed that he took a large equity stake in the digital news service.
GOP presidential hopeful Vivek Ramaswamy had a successful career as an entrepreneur and is now devoting some of his wealth to the struggling media outlet.
A major part of BuzzFeed CEO Jonah Peretti's compensation will now be in stock options, the digital media firm said on Friday, amid efforts to boost the adoption of artificial intelligence to speed up a turnaround.