Vivek Ramaswamy’s Stakes in BuzzFeed Remain Unchanged as Deadline Passes Unnoticed

Despite the passing of the unofficial deadline for action, there have been no significant developments in Vivek Ramaswamy‘s stake in digital publisher BuzzFeed.

Ramaswamy, a former Republican presidential candidate, made waves earlier this year by purchasing shares in BuzzFeed without making any immediate demands.

Following a cordial conference call last month between Ramaswamy and three proposed directors, including media consultant Chris Balfe, podcaster Patrick Bet-David, and Clay Travis of the conservative sports site Outkick, there have been no moves to appoint them to BuzzFeed’s board.

The lack of progress comes even as speculation swirled around a supposed July 15 deadline for Ramaswamy to take action.

While the first meeting between Ramaswamy and BuzzFeed CEO Jonah Peretti was reportedly positive, there has been no indication of imminent changes to the board composition.

Ramaswamy’s public relations representative, Tricia McLaughlin, noted that the initial discussions were productive, with plans to continue dialogue in the future.

Meanwhile, BuzzFeed’s public relations team confirmed that Ramaswamy’s recommendations for board positions would be reviewed through the formal governance process.

Despite the lack of movement on Ramaswamy’s part, there is no information suggesting any upcoming changes or increased pressure on BuzzFeed as a result of his share acquisition.

The ambiguity surrounding Ramaswamy’s intentions has persisted since news of his investment in BuzzFeed first emerged, leaving observers to ponder whether his motives are purely financial, attention-seeking, or a combination of both.

With the situation at a standstill, industry analysts and shareholders are left waiting for any further developments in the ongoing narrative between Vivek Ramaswamy and BuzzFeed.