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Vivek Ramaswamy’s stake in BuzzFeed sends shares up 20%, as he seeks strategic ‘shift’
Former GOP presidential hopeful Vivek Ramaswamy has an 8% stake in BuzzFeed and is seeking to effect a “shift” in the media firm’s strategy, the investor said Tuesday in a regulatory filing.
“Stay tuned,” Ramaswamy told CNBC via a spokesperson. He indicated in the filing that he would seek to discuss with BuzzFeed’s management every aspect of the company’s operations, up to and including an acquisition by a third party.
BuzzFeed shares opened up 55% on the news. Shares pared...
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