Investment in BuzzFeed by Vivek Ramaswamy
Former Republican presidential candidate and entrepreneur Vivek Ramaswamy invested in BuzzFeed, purchasing a 7.7% stake in the company. Ramaswamy believes BuzzFeed's shares are undervalued and seeks to engage with the board for strategic opportunities. BuzzFeed shares soared 77% after the news broke.
Key Points
- Ramaswamy purchased a 7.7% stake in BuzzFeed
- He believes BuzzFeed's shares are undervalued
- Shares soared 77% after the news of the investment
Pros
- Ramaswamy's investment could potentially lead to strategic opportunities for BuzzFeed
- BuzzFeed shares soared after the news of the investment
Cons
- BuzzFeed shares had decreased by 92% since going public in 2021