Buzzfeed Shares Soar As Vivek Ramaswamy Becomes 4th-Largest Shareholder

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 ...