Ramaswamy Urges BuzzFeed To Embrace Conservative Voices, Cut Staff In Strategy Shift

Vivek Ramaswamy recently acquired an 8.37% stake in BuzzFeed and is pushing for a major shift in the struggling media company’s strategy. In a recent letter to the board of directors dated May 27, Ramaswamy explained that “BuzzFeed has lost its way” and requires serious changes to survive.

Among his recommendations, Ramaswamy suggested that BuzzFeed hire talent from “across the political and cultural spectrum,” including conservative commentators like Candace Owens, Tucker Carlson and Aaron Rodgers. He also proposed that the company retain only the resources necessary to create and monetize its highest-value content, which “will almost certainly require large-scale headcount reductions.”

Ramaswamy pushed BuzzFeed to look at their shortcomings in journalism and to reevaluate their current troubled trajectory. He cited the publication’s disgraceful coverage of the debunked Steele Dossier, urging the organization to begin focusing on seeking the truth.

Ramaswamy advised BuzzFeed to acknowledge their shortcomings in journalism. He specifically referenced BuzzFeed News coverage of the Steele Dossier, which’s no longer active as a prime illustration. He suggested that the organization should revamp its image to focus on seeking out the truth.

BuzzFeeds chairman and CEO Jonah Peretti expressed doubt about transforming the company into a platform for pundits known for incendiary content. He affirmed their commitment to their award winning journalism, declining to offer apologies. Nonetheless Peretti indicated a willingness to consider input from shareholders and engage in conversations with Ramaswamy.

The ex-presidential nominee thinks BuzzFeed needs to act due to its financial struggles, such as a debt exceeding $100 million and a $26 million loss in the first quarter of 2024.

Previous article1 Killed, 7 Injured In Ohio Explosion — Potential Gas Leak Blamed
Next articleSilicon Valley Investor Donates To Trump Amid NYC Verdict