On May 22, 2024, Vivek Ramaswamy announced that he has acquired a 7.7% stake in BuzzFeed, Inc. expressing his views that the securities of the Company are undervalued and represent an attractive investment opportunity. Vivek Ramaswamy added that he would seek to engage in a dialogue with the Company's Board of Directors and/or management about numerous operational and strategic opportunities to maximize shareholder value, including a shift in the Company's strategy.