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Ramaswamy Timing Perfect, Sells BuzzFeed Stake
Description
Vivek Ramaswamy, the newly crowned Republican nominee for Ohio governor, sold off all his BuzzFeed shares just before a major shake-up. He offloaded 3.1 million shares at $1.56 each and 39,000 warrants at $0.04 apiece, according to a recent SEC filing. This move came after BuzzFeed announced media mogul Byron Allens $120 million stake acquisition. Ramaswamys sale marks the end of his activist run at BuzzFeed, where he once owned an 8.9% stake. He bought shares between $1.48 and $2.51 in 2024, pushing for board changes and high-profile hires like Tucker Carlson and Charles Barkley. Now, with Allen at the helm and a home app in the works, Ramaswamy can focus on his governor campaign without media distractions.
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