XPost: misc.headlines

On Thu, 25 Apr 2024 00:09:54 +0200, Kyonshi wrote:

However, the company failed to hit its guidance on profitability and
monthly active user growth.

It didn’t seem to put off investors, who sent shares in the group
soaring more than 8% in New York after markets opened Tuesday morning.

That happens all too often. Wall Street really seems to love the sound of
the word “layoff”. Lots of companies enjoy a short-term boost to their share price, even at the cost of long-term damage to their business.

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