https://apnews.com/article/vivek-ramaswamy-buzzfeed-22a838d00c545dcf88728a579fdd35f5

Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in Buzzfeed, the digital publishing company that shut down its media outlet last year.

Shares of the company skyrocketed more than 50% before the market open on Wednesday.