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.