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Market
New board members of BuzzFeed by end of 2024
5
Vivek Ramaswamy•Republican•BuzzFeed•Ramaswamy•Tucker Carlson•Candace Owens•Aaron Rodgers•Jonah Peretti
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Official announcements from BuzzFeed or credible business news sources
Story
Vivek Ramaswamy Pushes for Major Changes at BuzzFeed After Acquiring 8.37% Stake, Suggests Hiring Tucker Carlson
May 28, 2024, 03:29 PM
Vivek Ramaswamy, a former Republican presidential candidate, has acquired an 8.37% stake in BuzzFeed and is pushing for significant changes at the digital media company. In a letter to BuzzFeed's board, Ramaswamy called for the addition of three new board members, large-scale job cuts, and a shift towards more conservative voices. He specifically suggested hiring right-wing commentators such as Tucker Carlson, Candace Owens, and Aaron Rodgers. Ramaswamy criticized BuzzFeed for losing its direction and emphasized the need for a cultural shift within the company. BuzzFeed's market value has dramatically declined from $1.5 billion to under $100 million, prompting Ramaswamy's intervention. BuzzFeed CEO Jonah Peretti responded to Ramaswamy's letter, indicating fundamental disagreements about the company's business drivers.
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