Down almost 10% today to $51 (a new 52 week low) - what happened?
10 replies (most recent on top)
@jb I thought internal prediction markets on okrs would be hilarious. It would motivate people to get stuff done if you could bet on yourself. But it also might encourage sabotage.
how about some wall street bets, to the moon or some perdition markets on who is getting laid-off next
@dv - non-trading day / after market close, FIS stock goes down.
@a1 a lot of software stocks went down yesterday
here's some rules of thumb when FIS' stock is moving
if broader tech goes down, FIS goes down
if tech goes up, FIS goes down
if the whole market is going up, FIS goes down
Nothing happened. And that's the biggest problem. We're at a complete standstill.
The answer is Google “SaaSpocalypse”
I was blaming the reaction to PayPal but maybe some insider knowledge of the other rumor being discussed today made it's way into the wild?
Is there a chance of the company going bankrupt?
At what point does a falling share price cause issues for those running the company?
FIS was 60% higher 5 years ago, can it just keep falling and it doesn’t matter for the day to day running?
I think this is a wider tech drop. I looked at FIS after looking at crowdstrike and saw that had a bigger drop.