Vivek Ramaswamy targets BuzzFeed: Read his full letter here
Vivek Ramaswamy now holds an 8.37% stake in BuzzFeed
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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 | 2.76 | -0.16 | -5.48% |
READ THE FULL LETTER HERE:
While shares of BuzzFeed have rallied 180% this year, the stock is well off its peak of around the $40 per share level reached in March 2021.
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