The company has lost its way after Vivek Ramaswamy bought 7.7% of the shares

Buzzfeed is amongst the headlines again. This time, it is a synergy of two headline makers, namely Buzzfeed and Vivek Ramaswamy. He has bagged 7.7 per cent 'activist stake' in the company. This resulted in a jump of the company's shares on the stock market. Here, an 'activist stake' is the practice of purchasing a minority stake in a company to change the functioning of a company.

Former 2024 GOP presidential candidate Vivek Ramaswamy is pushing for board seats at BuzzFeed, arguing that the company has lost its way.