BuzzFeed misses $5M debt payment, extends deadline to May 18, raising bankruptcy concerns.

BuzzFeed missed a $5 million debt payment due at the end of April but secured an extension until May 18 by invoking a clause in its credit agreement. This follows a recent warning from the company that it might run out of money before the end of the year, highlighting its ongoing financial struggles. The missed payment and extension increase concerns about BuzzFeed's potential bankruptcy if it cannot stabilize its finances soon.