Former Republican Presidential Candidate Initiates Major Equity Stake In News Company

Vivek Ramaswamy, a former Republican presidential candidate and biotechnology entrepreneur, has taken a substantial equity stake in BuzzFeed Inc. (NASDAQ: BZFD). Disclosed through a 13D filing with the Securities and Exchange Commission (SEC), reveals Ramaswamy’s acquisition of 2.72 million shares, representing 7.7% of BuzzFeed’s outstanding shares. The market reacted swiftly to this news, sending BuzzFeed’s stock soaring by 67.6% in morning trading on heavy volume. $Buzzfeed(BZFD.US)$