Former 2024 GOP presidential candidate Vivek Ramaswamy is in talks with BuzzFeed's leadership over his proposed changes at the media company. Ramaswamy, a BuzzFeed shareholder, recently spoke virtually with BuzzFeed CEO Jonah Perriti for over an hour and made plans to meet again in person later this summer or in the fall, according to a report from Axios on Monday. Late last month, Ramaswamy wrote a seven-page letter to BuzzFeed's board of directors urging the company to add three more directors he has vett ...

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 ...

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 ...

Vivek Ramaswamy, who disclosed a big stake in BuzzFeed last week, sent a letter to the online publisher's board of directors asking for major changes from staffing and focus to the board makeup as well as an apology for previous reporting. CEO Jonah Peretti declined the mea culpa but agreed to meet with the former Republican presidential primary candidate and Donald Trump surrogate, whom he said has some "fundamental misunderstandings" of the company's business. "Hey Vivek – Thanks for reaching out, nice to ...

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: BuzzFeed While s ...

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 reports of Ramaswamy's buying of the shares. He is now the second-largest Class A shareholder with an 8.37% stake. "The public markets have spoken," Ramaswamy said, adding, "I own your stock because I believe BuzzFeed can still become a more valuable company than at its initial listing, but this 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 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. About $115 million. That's Buzzfeed's market capitalization as of Wednesday afternoon, a far cry from its over $1 billion valuation when it went public in 2021. Buzzfeed's share price was up about 14% just before noon on Wednesday after Vivek ...