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BuzzFeed stock soars after Vivek acquires activist stake
CNN ^ | May 22 | By Krystal Hur, CNN

Posted on 05/22/2024 5:19:01 PM PDT by RandFan

BuzzFeed’s stock is soaring after former Republican presidential candidate Vivek Ramasamy revealed that he’s taken an activist stake in the beleaguered media company in a bid to adjust the firm’s strategy.

Shares of BuzzFeed gained about 20% on Wednesday after a securities filing revealed that Ramaswamy has acquired a 7.7% stake in the company. The stock popped more than 82% earlier in the day at its highs.

“Stay tuned,” Ramaswamy told CNN through spokesperson Tricia McLaughlin.

In a statement, BuzzFeed Inc said: “BuzzFeed is purposely structured to protect its editorial integrity. We are always open to hearing ideas from our shareholders.

Ramaswamy “believes the securities of the Issuer are undervalued and represent an attractive investment opportunity,” the filing.

He also seeks a “shift in the Company’s strategy,” the filing said

(Excerpt) Read more at edition.cnn.com ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: buzzfeed; ramaswamy; vivek
LOL! Vivek buys into BuzzFeed? He hopes to make it right-ish? Good luck.
1 posted on 05/22/2024 5:19:01 PM PDT by RandFan
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To: RandFan

Not good. Just an Indian, who is Indian through-and-through, buying up another American company. Won’t be long until we see him replacing Americans with Indians, H1B, just like his own companies.


2 posted on 05/22/2024 5:20:54 PM PDT by Reno89519 (If Biden is mentally unfit to stand trial, he is mentally unfit to be president. He needs to resign.)
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To: RandFan

How dare Vivek invest in a company realizing an uptick of 82%?

What? Is he trying to make money here?


3 posted on 05/22/2024 5:23:48 PM PDT by Responsibility2nd (A truth that’s told with bad intent, Beats all the lies you can invent ~ Wm. Blake)
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To: Reno89519

I take it you won’t be supporting him for Vice President then.


4 posted on 05/22/2024 5:24:49 PM PDT by RandFan
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To: Reno89519

I take it you won’t be supporting him for Vice President then.


5 posted on 05/22/2024 5:24:49 PM PDT by RandFan
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To: All

BuzzardFeed is a lefty commie rag.


6 posted on 05/22/2024 5:26:37 PM PDT by BipolarBob (Why aren't eleven and twelve pronounced like one teen and two teen?)
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To: RandFan
I take it you won’t be supporting him for Vice President then.

Nope! And I'm sure that he will never be Trump's choice. I still suspect he'll pick Gabbard. Maybe Haley, maybe Sanders.

7 posted on 05/22/2024 5:27:42 PM PDT by Reno89519 (If Biden is mentally unfit to stand trial, he is mentally unfit to be president. He needs to resign.)
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To: Reno89519
Vivek has probably done more for America than you have jerk.
8 posted on 05/22/2024 5:29:39 PM PDT by Vision (Woke is communism and it has no place in America. Election Reform Now! Obama is an evildoer.)
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To: Vision
Vivek has probably done more for America than you have jerk.

What BS. Not even worth further response. You are the jerk for even making such a comment. Beneath anyone on FR.

9 posted on 05/22/2024 5:32:18 PM PDT by Reno89519 (If Biden is mentally unfit to stand trial, he is mentally unfit to be president. He needs to resign.)
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To: Reno89519

What do you not like about vivek?


10 posted on 05/22/2024 5:33:55 PM PDT by hillarys cankles
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To: Reno89519
still suspect he'll pick Gabbard. Maybe Haley, maybe Sanders

My advice for you is to stay off gambling sites.

11 posted on 05/22/2024 5:38:04 PM PDT by GSWarrior
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To: BipolarBob

So was twitter.com


12 posted on 05/22/2024 5:40:51 PM PDT by Chickensoup
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To: hillarys cankles
What do you not like about vivek?

Oh, where to begin...

Indian of non-citizen, maybe even illegal parents, raised as Indian, married Indian, raising family as Indian, hires Indians, including especially H1B.

What not a Republican practically just before he decided to run. No voting history.

Has ties to Soros and WEF.

Buys and sells bad drugs.

When he speaks of American culture, history, and Christianity, he is inauthentic, unbelievable.

He impresses me as a high school debater, just repeating talking points, saying what he thinks the audience wants to here.

He is a rude jerk to everyone. Some people can insult people, call them names, and all, like Trump, with a smile and mostly get away with it. Not Ramaswammy.

Further, whether we like Haley or not, Ramaswammy's criticism of her is dripping with caste condenscenion.

There is nothing about Ramaswammy that I like or find redeemable. Given a chance to share dinner with him at my favorite restaurant, I'd skip and go to McDonalds.

There is no role in the US I would support him for. Trump could maybe send him as ambassador to Sri Lanka or maybe Andorra or Monaco, or somewhere totally irrelevant to the US.

13 posted on 05/22/2024 5:44:45 PM PDT by Reno89519 (If Biden is mentally unfit to stand trial, he is mentally unfit to be president. He needs to resign.)
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To: RandFan

Is it a ploy to be VP material (in his mind)?


14 posted on 05/22/2024 5:47:37 PM PDT by Doctor Congo
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To: BipolarBob

For now...


15 posted on 05/22/2024 5:53:50 PM PDT by Flaming Conservative ((Pray without ceasing)
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To: BipolarBob

I don’t know these online magazines and when I read these posts like yours it sticks in my head and I’m sure you are right.

So now I now about BuzzFeed. :)


16 posted on 05/22/2024 6:04:38 PM PDT by Beowulf9
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To: Reno89519

A rat, RINO or a commie. You forgot to add a /sarc tag.


17 posted on 05/22/2024 6:04:41 PM PDT by quantim (Victory is not relative, it is absolute. )
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To: RandFan
..... I love it when Republicans try to make a difference by actually putting their money where their mouth is in an effort to reach and educate people outside of our political circle .....

..... Instead of doing what most Republicans do ..... Collectively spewing hot air inside their members only Echo Chamber and thinking they are making a big difference.

.

18 posted on 05/22/2024 7:15:29 PM PDT by R_Kangel ("A nation of sheep will beget a nation ruled by wolves")
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To: hillarys cankles

He’s a pharma-bro con artist, and plagiarized his speeches word for word from Obama speeches. Plus a Hindu tacitly masquerading as a Christian.


19 posted on 05/22/2024 11:44:38 PM PDT by Mr. Blond
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