Vivek Ramaswamy announces stake in BuzzFeed, sending BZFD shares soaring

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A filing with the Securities & Exchange Commission (SEC) shows that Vivek Ramaswamy, former pharmaceutical entrepreneur and recent Republican presidential candidate, now owns 7.7% of BuzzFeed (BZFD), an early millennial news and listicle site that garnered a heavy following a decade ago but has since fallen on hard times.

Presidential aspirant Vivek Ramaswamy owns 7.7% of BuzzFeed.

undervalued. The company famous for its viral content has witnessed its share price decline 92% since going public back in 2021. Vivek Ramaswamy hasn’t been in the news as much of late once he dropped out of the Republican Party’s nominating contest for the 2024 presidential election. The founder of Roivant Sciences, a pharmaceutical company that invests in drug patents, has since thrown his hat in with former President Donald Trump’s campaign for the presidency.

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