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Former GOP Republican Presidential Candidate Buys Activist Stake In Left-Wing Outlet

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3 minute read

From the Daily Caller News Foundation

By JASON COHEN

 

Former Republican presidential candidate and businessman Vivek Ramaswamy purchased an activist stake in BuzzFeed, according to a May Securities and Exchange Commission filing.

Ramaswamy purchased a 7.7% stake consisting of 2.7 million shares between March 14 and May 21 at costs ranging from $1.47 to $2.51 per share, according to the filing. The businessman asserted in the filing that he feels the company’s shares are “undervalued and represent an attractive investment opportunity.”

Ramaswamy “will seek to engage in a dialogue with the Issuer’s Board of Directors (the “Board”) and/or management about numerous operational and strategic opportunities to maximize shareholder value, including a shift in the Company’s strategy,” according to the filing.

Buzzfeed has been laying off employees since late 2022 as it has struggled with digital advertising, according to The Associated Press. The company closed down its BuzzFeed News in early 2023.

The company also recently reported a loss of $35.7 million in the first quarter of 2024 as advertising revenue plunged 22%, according to the AP.

“It’s an interesting bet,” an individual who is close to Ramaswamy told Mediaite. “Vivek, the anti-woke warrior, buying a material stake in one of America’s most woke media entities would signal to this long time investor that he intends to make it a free speech platform … If he turns it around financially, he would have serious street cred for another conservative political move.”

Ramaswamy in January suspended his presidential campaign and endorsed former President Donald Trump as the 2024 Republican nominee. The businessman also recently visited Trump at the New York courthouse where he is currently on trial.

“The most remarkable part was the one thing you get from being in that courtroom is a sense of the depressing atmosphere, which matches the depressing nature of what’s happening in there. It’s sort of like a concrete poem for the decline of America, actually. You get like a third-world visual, atmospheric courtroom, open wires sticking out, temperature regulation nonexistent, stuffy air a thick scent. And in the same place is happening. It’s not just third-world atmospherics, but a third-world proceeding,” Ramaswamy told the Daily Caller.

Online news outlet The Messenger shut down in January after less than a year of operations; the outlet started out with $50 million in May 2023, but it was hemorrhaging tens of millions of dollars while only taking in about $3 million in revenue last year. The Washington Post planned to eliminate roughly 240 jobs as of December 2023 amid its financial struggles and NPR has similarly been laying off workers since 2022.

BuzzFeed and Ramaswamy did not immediately respond to the Daily Caller News Foundation’s request for comment.

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Daily Caller

Suspect In Savage Knife Attack That Roiled Britain, Triggered Speech Crackdown Had Al-Qaida Manual At Home

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From the Daily Caller News Foundation 

By Nick Pope

The 18-year old suspect in a vicious July knife attack that left three young girls dead in the U.K. before triggering riots and a government crackdown on speech was in possession of an al-Qaida manual, according to Reuters.

Axel Rudakubana, who faces three murder charges and ten counts of attempted murder for the savage attack against a Taylor Swift-themed dance class in Southport, now faces additional charges for possessing an al-Qaida training guide and producing ricin, a highly toxic substance, Reuters reported  on Tuesday. Large riots broke out across the country following the attack as rumors spread that the perpetrator was a migrant, a radical Muslim, or both, prompting the liberal British government to crack down on speech on the internet.

The riots that followed the vicious attack rocked the U.K. for several days, with outraged crowds surrounding mosques, burning cars and attacking a hotel known to host migrants, according to Reuters and The New York Times. Prime Minister Keir Starmer, a member of the Labor Party, quickly attributed the unrest to “far-right thuggery.”

U.K. government officials subsequently warned people to “think before [they] post” and announced  that law enforcement personnel would review social media platforms to look for speech deemed to be inflammatory and likely to spark violence.

Citizens were warned against “publishing or distributing material which is insulting or abusive which is intended to or likely to start racial hatred,” in the words of Stephen Parkinson, the director of public prosecutions of England and Wales. “So, if you retweet that, then you’re republishing that and then potentially you’re committing that offense [incitement to racial hatred].”

“We do have dedicated police officers who are scouring social media,” Parkinson added. “Their job is to look for this material, and then follow up with identification, arrests, and so forth.”

More than 1,000 people were arrested for their involvement in the riots, and more than 30 were arrested for social media posts that authorities claim fueled the rioting, according to the BBC. Of those arrested for social media activity, at least 17 faced criminal charges for their posts.

“These are telling details and are important for Rudakubana’s trial,” British conservative pundit Douglas Murray wrote of the new revelations about the materials in the suspect’s possession. “But the authorities must have known this months ago – indeed, within hours of getting into Rudakubana’s house – meaning that people who were heavily criticized for spreading ‘fake news’ about the potential motive of the attacker now turn out to have said something that seems likely to have been true.”

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Censorship Industrial Complex

Joe Rogan Responds To YouTube Censorship of Trump Interview

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From Reclaim The Net

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Joe Rogan has accused YouTube of making it difficult for users to find his recent interview with former President Donald Trump, saying that the platform initially only displayed short clips from mainstream media instead of the full episode. Rogan sarcastically remarked on YouTube’s actions, saying, “I’m sure it was a mistake at YouTube where you couldn’t search for it. Yeah. I’m sure it was a mistake. It’s just a mistake.”

In episode 2200, Rogan explained that even though his team contacted YouTube multiple times, the episode remained difficult to find. X CEO Elon Musk intervened, contacting Spotify CEO Daniel Ek about the issue. (Spotify exclusively licenses The Joe Rogan Experience but allows the show on third-party platforms like YouTube.)

Watch the video clip here.

Rogan noted the explosive viewership once the content was available, with the episode racking up “six and a half million views on mine and eight plus million on his.”

Emphasizing the episode’s broad reach, Rogan expressed frustration with the initial suppression, stating, “You can’t suppress shit. It doesn’t work. This is the internet. This is 2024. People are going to realize what you’re doing.” He pointed to the significance of this episode’s reach, asking, “If one show has 36 million downloads in two days, like that’s not trending? Like what’s trending for you? Mr. Beast?”

Describing the power of YouTube’s algorithmic influence, Rogan claimed the algorithm worked against the interview’s visibility, only showing clips instead of the full conversation. According to him, when YouTube initially fixed the issue, users had to enter highly specific keywords, like “Joe Rogan Trump interview,” to find the episode.

Rogan argued that YouTube’s gatekeeping reflected an ideological stance, remarking, “They hate it because ideologically they’re opposed to the idea of him being more popular.” He suggested that major tech platforms, such as YouTube and Facebook, which hold significant influence, often push agendas that favor specific narratives, stating, “They didn’t like that this one was slipping away. And so they did something.”

In a telling moment, Rogan noted the impact of the initial suppression, explaining how “the interactions…dropped off a cliff because people couldn’t find it.” He claimed that this caused viewers either to give up or settle for short clips, leading to a dip in views before the episode gained traction on Spotify and X.

 

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