Why did the stock tank after earnings? Is this the Kubasik effect or the new CFO or both?
1 reply
"The market conditions do not reflect the value we’re building"
Translation: Not enough hype to pump the IPO
"We’ve got to do what’s right for our shareholders … "
Translation: Same as always
"and that’s to stand down, focus on the business, and wait for the market to recover"
Translation: We don't know what else to do. Markets won't be this hyped up for a long time, but whatever.