A sudden outbreak! This giant platform announced its delisting!
In the past two days, Qutoutiao, which was very popular in that year, issued an announcement to announce its delisting, saying that the company received a letter from Nasdaq on delisting its stock on March 14, indicating that the staff had decided to remove the company's securities from Nasdaq. Unless the company requested an appeal to the above decision, the company's American depositary stock will be suspended when the market opens on March 23, 2023. Public information shows that there are two main reasons for delisting. One is that Qutoutiao's stock price has been lower than US$1 for a long time and has failed to comply with the rules; the other is that Qutoutiao has not disclosed its 2022 interim financial report.