Analysts were downgrading their ratings and price targets on Meta Platforms after the tech giant reported burning its cash on the metaverse and weak digital ad sales. Meta’s META, -5.59% Read more
Tag: slash
Analysts slash their ratings on Meta as costs balloon. ‘The bad news is you suck, the good news is you can only get better.’
Analysts were downgrading their ratings and price targets on Meta Platforms after the tech giant reported burning its cash on the metaverse and weak digital ad sales. Meta’s META, -5.59% Read more
Groupon plans to slash costs, cut 500 jobs
Groupon Inc. GRPN, +8.19% on Monday said it plans to remove about 500 positions and cut other costs to turn the business around. Chief Executive Kedar Deshpande said in a Read more
Stanley Black & Decker leads S&P 500 decliners after tool maker’s weak quarter leads it to slash guidance
Shares of Stanley Black & Decker Inc. tumbled 13.7% Thursday to lead S&P 500 decliners after the tool maker’s second-quarter earnings fell far short of estimates, it slashed its guidance Read more
Delivery startup GoPuff to slash 10% of workforce, close dozens of warehouses: report
Grocery- and liquor-delivery startup GoPuff is cutting 10% of its global workforce and shuttering 76 warehouses across the U.S. in an effort to cut costs, according to a new report. Read more