Arm pops ~25% in trading debut, Flexport revenue dropped ~70% in H1
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In its trading debut, Arm shares jumped ~25% to ~$63.59/share, representing a $64B+ market cap; SoftBank still controls 90%+ of Arm’s outstanding shares - Link The Information sources: Flexport burned $300M in cash as revenue dropped 70% to ~$700M in H1 2023; last week, founder Ryan Petersen returned as CEO after Dave Clark was ousted; the company says it has $1B+ in net cash -
Arm pops ~25% in trading debut, Flexport revenue dropped ~70% in H1
Arm pops ~25% in trading debut, Flexport…
Arm pops ~25% in trading debut, Flexport revenue dropped ~70% in H1
In its trading debut, Arm shares jumped ~25% to ~$63.59/share, representing a $64B+ market cap; SoftBank still controls 90%+ of Arm’s outstanding shares - Link The Information sources: Flexport burned $300M in cash as revenue dropped 70% to ~$700M in H1 2023; last week, founder Ryan Petersen returned as CEO after Dave Clark was ousted; the company says it has $1B+ in net cash -