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Vivek Ramaswamy Acquires 7.7% Activist Stake in BuzzFeed
Vivek Ramaswamy has acquired a 7.7% stake in BuzzFeed and indicated he's staging an activist campaign to shake up the company.
Vivek Ramaswamy, entrepreneur and pro-Trump politician, has acquired a 7.7% stake in BuzzFeed — and indicated he’s staging an activist campaign to shake up the struggling digital media company. Ramaswamy acquired 2,723,927 shares in BuzzFeed in a series of purchases from March 14 through May 21, according to an SEC filing dated May 21. According to the filing, Ramaswamy “believes the securities of [BuzzFeed] are undervalued and represent an attractive investment opportunity.
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