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Sean 'Diddy' Combs Sells Majority Stake in Revolt Amid Allegations
1 year ago•Source: Variety
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2 min•1 year ago
Vivek Ramaswamy Pushes Conservative Agenda at BuzzFeed
Vivek Ramaswamy, who recently acquired an 8% stake in BuzzFeed, argues that the company's debt crisis will force CEO Jonah Peretti to comply with his demands for sweeping changes, including diversifying content and adding new board members. Despite skepticism from media observers, Ramaswamy insists his investment is serious and not a stunt, suggesting that Peretti's control is tenuous due to the company's financial struggles.
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Vivek Ramaswamy Pushes for Conservative Overhaul at BuzzFeed
The Hill•1 year ago
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Vivek Ramaswamy Pushes BuzzFeed for Conservative Shift and Major Layoffs
Variety•1 year ago
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Vivek Ramaswamy's Stake Sends BuzzFeed Shares Soaring
Originally Published 1 year ago — by Business Insider
Vivek Ramaswamy, a former Republican presidential candidate, has acquired a 7.7% stake in BuzzFeed for under $4 million, aiming to become an activist investor. Despite BuzzFeed's struggles and a dual-class stock structure that gives founder Jonah Peretti control, Ramaswamy believes the company's shares are undervalued and seeks to influence its management to increase their value. The exact motivations behind his investment remain speculative, ranging from financial gain to seeking media attention.