BuzzFeed is at risk of getting kicked off the Nasdaq because its stock has been performing so badly
BuzzFeed has until November 27 to raise its stock price or it could get booted off the exchange.
The digital media outlet went public via a SPAC in 2021 but has struggled as a public company, seeing its market cap dwindle to under $100 million. The firm has had an especially rough last few months.
In particular, BuzzFeed has leaned into publishing quizzes powered by artificial intelligence, and there's some indication these articles have been successful so far. BuzzFeedBut it's been a brutal time for digital media companies, especially those that came of age in the era of the Facebook firehose of traffic. Vice, the onetime king of valuations at over $5 billion,
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