Ramaswamy Goes Long on ... BuzzFeed?

A filing with the U.S. Securities and Exchange Commission (SEC) shows the former presidential candidate purchased 2,723,927 shares of the company starting in March and ending Tuesday. During that time frame, share prices were between $1.47 and $2.51 and the purchase totaled roughly $3.9 million.

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Ramaswamy stated that he hopes to discuss “numerous operational and strategic opportunities to maximize shareholder value, including a shift in the company's strategy."

Ed Morrissey

Ramaswamy will control nearly 8% of the shares, becoming the fourth largest stakeholder in what has been a collapsing online-media company. It's unclear what shift in strategy Ramaswamy could accomplish as the fourth-largest stakeholder, and what strategy might work even if he could control the direction of the company. Maybe Ramaswamy plans to buy it outright at some point; Elon Musk took Twitter private after accruing a similar percentage of its shares. Stay tuned. 

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