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Vivek Ramaswamy Buys Stake In BuzzFeed, Stock Price Jumps On News
Entrepreneur Vivek Ramaswamy has taken a stake in BuzzFeed and has some ideas on growing it.
The former Republican presidential candidate’s SEC filing revealed the acquisition came between March 14 and May 21, making up 2.7 million shares. Ramaswamy said in the filing that he believes BuzzFeed’s shares are “undervalued and represent an attractive investment opportunity.” BuzzFeed, like many media companies, has been struggling, It shut its news division amid ongoing challenging economics.
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