Which seems to have been the case since Ramaswamy, a former Republican presidential candidate, disclosed that he was buying up shares of the digital publisher earlier this year. There's a reason the non-news is worth noting today, though: It's July 15, the deadline Ramaswamy set for BuzzFeed to expand its board of directors by adding three new members he proposed. Related stories And from what I can tell, that deadline turned out to not be a real deadline. Advertisement Last month, Ramaswamy and two of his ...

BuzzFeed, Inc. (NASDAQ:BZFD) is a digital media company known for its interesting blend of news, entertainment, lifestyle, and trendy content. The company's products cater to diverse audiences in a global and multilingual market, leveraging various revenue streams, such as native advertising, e-commerce through affiliate marketing, subscriptions for premium content, and content licensing to other outlets. After a challenging 2023, BZFD's investor letter highlights strategic moves like selling Complex Networ ...

On the heels of the Trump/Biden presidential debate, shares in Trump Media & Technology (NASDAQ:DJT) surged in after-hours trading. However, it promptly nosedived after the markets opened. But does Trump's debate win mean the stock is worth buying, or are there stocks to buy instead of Trump Media that capture both political will and emergent social media opportunities? From a purely operational success standpoint, and not accounting for its meme stock status, Trump Media is cooked. Though the initial premi ...

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 ...