Buzzfeed

Ex Republican presidential candidate Ramaswamy takes 7.7% stake in Buzzfeed

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in Buzzfeed, the digital publishing company that shut down its media outlet last year. Shares of the company skyrocketed more than 50% before the market open on Wednesday. Ramaswamy acquired a 7.7% stake in Buzzfeed, according to a filing with the Securities and Exchange Commission late Tuesday. Ramaswamy said in the filing that he believes Buzzfeed's stock is undervalued. He is looking to speak with the company's board and management. Buzzfeed has struggled to prop up sales since it went public in 2021. In late 2022 job cuts began rolling out with the company citing a poor digital advertising environment, then early last year announced that it was shutting down its Pulitzer Prize winning digital media outlet BuzzFeed News. The corporate parent's co-founder and CEO Jonah Peretti said in a memo to staff at the time that in addition to the news division, layoffs would tak

The Independent in talks to take control of BuzzFeed, HuffPost: Report

The Independent will assume all editorial and commercial control of BuzzFeed in the UK under a licensing deal for its various brands, according to report, which cited people familiar with the talks

BuzzFeed to shut down its News division amid workforce reductions

BuzzFeed CEO said that he planned to engage with the News Guild union regarding the cost reduction plans and what that would mean for affected union members

Online news portal BuzzFeed fires about 12% of workforce amid layoffs

Online news portal BuzzFeed, which also owns the Huffington Post and Complex Networks, has laid off at least 180 employees or 12 per cent of its workforce, as media layoffs grow

SPAC boom fizzles, investors cash out on big names

Shares of BuzzFeed, which merged with blank-check firm 890 5th Avenue Partners, have plunged 40 per cent since their debut on December 6

Tracing a young American: From working at Buzzfeed to storming US Capitol

His value to BuzzFeed was clear: He'd do anything for the Vine, the short video platform that had a brief cultural moment before being crushed by Instagram and Snapchat in 2017

BuzzFeed to acquire HuffPost from Verizon in latest new-media deal

BuzzFeed and Verizon's media arm also agreed to syndicate each other's content in a broader partnership, the companies said in a statement Thursday

HSBC, StanChart shares fall to 22-yr low on reports of illicit money flows

BuzzFeed and other media articles were based on leaked suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network

BuzzFeed plans 250 layoffs, to reinvest in e-commerce, content licensing

Like other online publishers, BuzzFeed has struggled to expand digital advertising sales in line with its investors' expectations as Google and Facebook continue to dominate the sector