Vivek Ramaswamy Pushes for Overhaul at BuzzFeed
TL;DR
Activist investor Vivek Ramaswamy, who has increased his stake in BuzzFeed to 8.37%, has called for new board members and significant cost cuts in a letter to CEO Jonah Peretti. Ramaswamy suggests focusing on high-value content, reducing headcount, and apologizing for past media coverage. Peretti disagrees with Ramaswamy's proposals but is open to further discussions.
- Vivek Ramaswamy Calls for New Board Members and Cuts at BuzzFeed in Letter to Jonah Peretti Hollywood Reporter
- Vivek Ramaswamy uses Buzzfeed stake to demand staff cuts, conservative hires The Guardian US
- BuzzFeed Clashes With Vivek Ramaswamy, Its New Activist Investor The New York Times
- Vivek Ramaswamy Wants BuzzFeed to Hire Candace Owens New York Magazine
- BuzzFeed stock soars after Vivek Ramaswamy acquires activist stake CNN
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