Buzzfeed Faces Delisting Threat After Stock Price Collapse

Buzzfeed employees work at the company’s headquarters in New York, on Jan. 9, 2014. Brendan McDermid/Reuters

Left-wing outlet Buzzfeed has been threatened with delisting from the NASDAQ exchange after its share prices crashed below $1.

On May 31, Buzzfeed received a letter from NASDAQ notifying the firm that for the previous 30 consecutive business days, the bid price for the company’s common stock has closed below the minimum $1 required for continued listing.