$WISH fires its CEO as core revenue plummets 55% and company burns 25% of its remaining cash balance…

by randombetch Link to the PR: https://www.businesswire.com/news/home/20211110006210/en/Wish-Reports-Third-Quarter-2021-Financial-Results-and-Provides-Business-Update Company fires its CEO without a named successor Core marketplace revenue down 55% Q4 revenue expected to be even worse than Q3 despite the holidays… unheard of. The company had already completely shut off …

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Stock-Market Margin Debt Plummets Most Since Q4 2008

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Wow, that was fast. Margin calls. During the ugly stock-market December, whose ugliness bottomed out on Christmas Eve, a nasty November, and the ugliest October anyone can remember, margin debt plunged by a combined $93.8 billion, …

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