Weak

Paramount stock tumbles after CEO warns of weak fourth quarter results

Paramount stock tumbles after CEO warns of weak fourth quarter results

Paramount Global (PARA) stock fell more than 8% in afternoon trading on Tuesday after CEO Bob Bakish warned that a weaker advertising market would likely hurt fourth-quarter earnings. “We now see the fourth quarter coming in a bit below the third quarter,” Bakish told a UBS conference in New York, revising previous guidance that the …

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Tier-Owned Spin Exits 10 U.S. Markets Amid Weak Demand and Unfavorable City Regulations

Tier-Owned Spin Exits 10 U.S. Markets Amid Weak Demand and Unfavorable City Regulations

Micromobility operator Spin is exiting 10 U.S. markets due to a combination of weak demand, over-regulation, under-regulation and poor cost structures, according to a company-wide email sent Friday by Philip Reinckens, CEO of Spin, which was shared with TechCrunch. Reinckens said the market exits would help Spin cut costs and focus on growing markets that …

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