Thursday was the worst day of the stock market for BuzzFeed, when its stock lost 25% of its value.
The company's shares dropped 23.6 percent to close at $5.87, and are now down 31 percent from where they closed on Monday.
The stock market has lost favor with investors since the merger of the two companies, which was popular earlier this year but has since lost favor.
The merger raised less money than expected after many investors asked for their money back. Going public would have made it easier for it to acquire other digital media companies. If its stock remains depressed, it will be harder to raise funds.
The market value of the company is $775 million.
The first week of the new year will be difficult for other digital media companies that have been hoping to go public or raise new money.
There is a small number of shares that can be traded, which may be why the decline in the stock is so fast. It may not take a lot of selling to push the share price down, but a small amount of buying would send it higher.
There is enough cash on hand to finance its business. $150 million was raised from selling debt securities. It lost $16 million in the nine months through September, a small improvement over the $21 million loss in the same period of 2020.
