Vivek Ramaswamy, one-time Republican presidential candidate, gave BuzzFeed management his vision for mass layoffs and far-right voices on the platform, after acquiring an 8.4% stake in the online media company.
In a letter to the BuzzFeed Board of Directors, Ramaswamy wrote that the company was “caught without a viable strategy” amidst the death of the social internet model. Citing plummeting share prices and declining revenue, the self-proclaimed “serial founder” urged for shake-ups.
