Former Republican presidential candidate and businessman Vivek Ramaswamy purchased an activist stake in BuzzFeed, according to a May Securities and Exchange Commission filing.
Ramaswamy purchased a 7.7% stake consisting of 2.7 million shares between March 14 and May 21 at costs ranging from $1.47 to $2.51 per share, according to the filing. The businessman asserted in the filing that he feels the company’s shares are “undervalued and represent an attractive investment opportunity.”
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Soros Fund Management (SFM) and other investors will buy Vice Media for about $225 million after the media company filed for bankruptcy protection Monday.
The digital media company was once valued at $5.7 billion, but is now relying on funds from bidders to continue operations until its sale is finalized in the next two to three months, according to a Monday press release. SFM was founded and is chaired by left-wing billionaire and philanthropist George Soros and is the principal asset manager for the Open Society Foundations, of which Soros is the founding chair.
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BuzzFeed on Thursday announced it has shuttered its news division.
In an email obtained by news outlets, BuzzFeed CEO Jonah Peretti said the move was part of a 15% workforce reduction across a number of teams.
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BuzzFeed announced Thursday that it would begin using artificial intelligence to help generate its content. The company will partner with OpenAI to start producing “AI inspired content,” according to CNN Business, and plans to make such output an integral part of its regular business.
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Buzzfeed’s holiday party appears to have become a super-spreader event, despite a company-wide vaccine mandate that required partygoers to present their vaccination cards in order to get into the event.
Three BuzzFeed staffers were reportedly infected with COVID-19 following the company’s Christmas party in Manhattan last week, and about six others are awaiting test results after becoming ill.
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A former Treasury Department official pleaded guilty in federal court in New York City on Monday to leaking sensitive financial records of multiple Trump associates and figures in the Trump-Russia investigation to a reporter at BuzzFeed News.
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by Peter Hasson Special counsel Robert Mueller’s report on the Russia investigation directly contradicts an explosive BuzzFeed story that claimed Mueller had evidence President Donald Trump directed Michael Cohen, his former attorney, to lie to Congress about a potential Moscow real estate deal. The Jan. 18 BuzzFeed story claimed…
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by Chuck Ross BuzzFeed News sued the Democratic National Committee (DNC) Tuesday to force the release of information that the news outlet hopes will help it defend against a lawsuit related to the Steele dossier. BuzzFeed is seeking digital information that could shed light on the cyber attacks against…
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by Chuck Ross After BuzzFeed published the infamous Steele dossier, CNN anchor Jake Tapper lit into BuzzFeed editor Ben Smith for the decision, calling it “irresponsible” and “uncollegial,” according to emails released Friday. “I think your move makes the story less serious and credible[.] I think you damaged its…
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by Chuck Ross BuzzFeed editor Ben Smith and reporter Anthony Cormier doubled down Sunday on their bombshell report that President Donald Trump directed Michael Cohen to lie to Congress about his efforts to build a Trump Tower in Russia. “I have further confirmation that this is right. We are…
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by Chuck Ross President Donald Trump offered rare praise Saturday for the special counsel’s office, which issued a statement Friday night knocking down a BuzzFeed story alleging Trump instructed his former lawyer, Michael Cohen, to lie to Congress about Russia. “I appreciate the special counsel coming out with a…
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Purple Heart veteran Brian Kolfage came out swinging against the mainstream news media over the weekend after multiple outlets falsely sounded the death knell of his border wall fundraiser and attacked his honesty. The triple amputee veteran took to Twitter and at least one other outlet to refute false reports…
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