Overview

• Ramaswamy's purchase led to a 50% spike in BuzzFeed's stock price before stabilizing around a 25% gain.
• NBCUniversal sold over $10 million in BuzzFeed shares following the stock surge.
• BuzzFeed has faced financial struggles, including layoffs and the closure of its news division.
• Ramaswamy intends to engage with BuzzFeed's board on strategic changes to maximize shareholder value.
• The acquisition marks a notable move for Ramaswamy, known for his 'anti-woke' stance and support for Donald Trump.