It's a symbolic milestone, that's it. If a company's stock keeps plunging eventually you have to decide that it's time to talk about it, having it cross the $1

It's a symbolic milestone, that's it. If a company's stock keeps plunging eventually you have to decide that it's time to talk about it, having it cross the $1 threshold seems like a decent time. It gives an excuse to make an article and recap the events that lead to this situation. As someone who didn't follow this story closely it's useful to have this bit of context.