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Market
BuzzFeed Stock Performance Relative to Post-Investment Peak by Year End
4
Resolution / Starting Odds
Above Peak • 33%
Below Peak • 33%
At Peak • 34%
Publicly available stock market data
Story
Vivek Ramaswamy Acquires 7.7% Activist Stake in BuzzFeed, Shares Soar 80%
May 22, 2024, 02:00 PM
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has acquired a 7.7% activist stake in BuzzFeed, becoming the fourth-largest investor in the digital media company. Ramaswamy, who believes BuzzFeed is undervalued, plans to engage in discussions with the company's board to explore various operational and strategic opportunities aimed at maximizing shareholder value. Following the announcement, BuzzFeed's stock soared, with shares increasing by as much as 80% at one point and trading at $3.86, up by 60.0%. Ramaswamy's investment, valued at just under $4 million, includes shares and call options worth approximately $5 million. He is seeking a strategic shift for the company, which shut down its media outlet last year.
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BuzzFeed significantly outperforms NASDAQ • 25%
BuzzFeed performs on par with NASDAQ • 25%
BuzzFeed underperforms slightly compared to NASDAQ • 25%
BuzzFeed significantly underperforms compared to NASDAQ • 25%
Outperforms peers • 33%
Performs similarly to peers • 34%
Underperforms peers • 33%
Top Performer • 25%
Second Best • 25%
Third Place • 25%
Lowest Performer • 25%
Shift towards more politically conservative content • 33%
Increase in data-driven journalism • 33%
No significant change • 34%
Significant increase in stock value • 33%
No significant change • 33%
Decrease in stock value • 34%
Outperforms competitors • 33%
Underperforms competitors • 33%
Performs similarly to competitors • 34%
Outperforms sector • 33%
Matches sector • 33%
Underperforms sector • 33%
Top performer • 33%
Average performer • 33%
Below average performer • 33%
Worst performer • 25%
Below average • 25%
Above average • 25%
Best performer • 25%
Top performer • 25%
Above average • 25%
Average • 25%
Below average • 25%