this post was submitted on 04 Aug 2023
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Asklemmy

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Loss in terms of money or efforts. Could be recent or ancient.

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[โ€“] [email protected] 13 points 1 year ago* (last edited 1 year ago) (1 children)

Cambium stock recently dropped to $10 after the CEO stepped down during their call. A large part of their problems are likely due to the pandemic shortages catching up.

But a high failure rate on their new line of switches, and high prices while starlink eats their lunch isn't helping.

Edit: Used to be over $50.

[โ€“] [email protected] 13 points 1 year ago (1 children)

you may want mention the before stock price, that $10 needs something to compare with

[โ€“] [email protected] 1 points 1 year ago (1 children)
[โ€“] [email protected] 1 points 1 year ago (1 children)
[โ€“] [email protected] 1 points 1 year ago

It was $50 in 2021.

The CEO stepped down 4 days ago when the stock was at $15, as a consequence it lost one third of its value and is now at $10.