Meta is in Free Fall: Users Are Leaving, Revenue is Down, Stock Keeps Falling
It doesn't look good for Meta as the company is trading at its lowest stock value since 2019, advertisers are dropping spending, and users are leaving its platforms.
Nikon Stock Plummets 15% After ‘Extraordinary Loss’ Bombshell
Nikon's stock price fell nearly 15% today after the company revealed yesterday that it was hit with an "extraordinary loss" during the last 9 months of 2016.
Nikon Stock Plummets 19% After Cutting Profit Forecast, Biggest Drop Since 1985
One of the big stories in the business world today was that Nikon's stock took a historic fall of nearly 19%. The company is weighted so heavily in the Nikkei Stock Average that the news had a rippling effect across the market, causing most Asian shares to drop.
Instagram Acquisition by Facebook Now Only Worth Around $700 Million
Businessmen around the world are watching Facebook's plummeting stock closely, but perhaps none more so than the folks over at Instagram. The world was shocked back in April when Facebook agreed to purchase the tiny startup for $1 billion, but one key fact is that the price was to be paid in a mixture of cash and stock. Due to the decline of FB stock, hundreds of millions of dollars have been wiped from the purchase price, which is currently valued at somewhere between $700 and $800 million.
Olympus Continues Freefall: Rumors of ‘Underworld Links’ and FBI Involvement
More news from the ongoing Olympus scandal: despite an official explanation …
Olympus Fires CEO, Stock Takes Tumble
Olympus fired CEO and President Michael Woodford today, causing the company’s stock price to take a 17% dive. The …
Kodak Stock Dives to 38-Year Low After the Company Borrows $160 Million
Yesterday Kodak’s stock fell 64 cents, or 26.9%, to close at $1.74 — the lowest the stock price has …