may be out of the political spotlight, but investors have taken notice of his investment in a media company known for tracking viral
Ramaswamy bought a 7.7% activist stake in BuzzFeed, a company first known for its quizzes, listicles, and pop culture news before a section of the website evolved intoin Securities and Exchange Commission filings, shares in the company’s stock skyrocketed more than 50% before settling closer to 25% midday. The filings stated that Ramaswamy believed “the securities of the Issuer are undervalued and represent an attractive investment opportunity.
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