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On Stock Plunges 20% in a Day as Wholesale Slowdown Punctures the Growth Story
Sneakers

On Stock Plunges 20% in a Day as Wholesale Slowdown Punctures the Growth Story

The Cloudmonster 3 lineup and LightSpray had barely hit shelves before On Holding's stock cratered below $31 this Tuesday. The earnings report exposed North American wholesale growth falling well short of expectations, and analysts are split on whether the "deliberate pullback" story holds water.

SpaceX's First-Ever Earnings Call Buries X's Ad Business in a Single Line — Revenue Down to a Third From Three Years Ago
Tech

SpaceX's First-Ever Earnings Call Buries X's Ad Business in a Single Line — Revenue Down to a Third From Three Years Ago

SpaceX just dropped its first earnings report as a publicly traded company, and X's ad revenue made a surprise cameo: $367 million, compared to $1.08 billion in the same quarter of 2022. The numbers speak for themselves.