BuzzFeed up 12% after Pulte tweet says activist position taken

BuzzFeed shares are up 35c, or 12%, to $3.16 following a tweet earlier that stated: “The Pulte Family, the founding family of Fortune 500 PulteGroup Inc, has taken an activist position in BuzzFeed. In our opinion, the Current BuzzFeed CEO Jonah Peretti is driving the company into the ground, and when Vivek Ramaswamy gave him a life boat to save his sinking ship, Peretti told him thanks anyway. This is exactly the type of hubris that needs to end in corporate America; at every turn, CEO Peretti has delivered unacceptable financial and operational performance, quarter after quarter. If CEO Peretti isn’t up to modernize BuzzFeed, then he should bring in someone who is or he should buy the company back from its shareholders. We support the changes Vivek Ramaswamy has proposed and that which he thinks are necessary,” said William J. Pulte, CEO of Pulte Capital and a former Director of PulteGroup.” Pulte furthered, “For the avoidance of doubt, we are not working in concert with and are not working in a group with Mr. Ramaswamy. To that end, we did not inform Mr. Ramaswamy before we purchased shares in BuzzFeed.”