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- BuzzFeed is a digital publisher that used to attract a lot of attention from people who thought it was the future of media.
- Now, it attracts people who think it is mismanaged and want to change the way CEO Jonah Peretti runs the company.
- But it remains unclear how BuzzFeed investors can influence Peretti's ownership.
Back in 2021, BuzzFeed was worth around $1 billion. Now it's worth $100 million.
Varun Gupta thinks it should be worth more. Gupta, who runs a small hedge fund, says he's acquired a stake in the digital publisher and has ideas for how to increase its value.