Vivek Ramaswamy acquires 7.7% activist stake in BuzzFeed

The former Republican presidential candidate invested in the media company intending to shift its strategy'

Vivek Ramaswamy, the former Republican presidential candidate who has regularly attacked the media and made claims that climate change is a hoax", has acquired a large stake in BuzzFeed in order to shift its strategy".

The 7.7% stake in the media company that helped pioneer viral social media content and moved into digital news is worth more than $2.7m, according to a filing with the SEC, which also states Ramaswamy intends to engage with BuzzFeed's board of directors as an activist investor.