WeWork Stocks Plunge: Losses Shrink More Than Expected, Revenue Outlook Disappoints Projections
Shares of WeWork Inc. (WE) fell 0.6% in premarket trading on Tuesday after the flexible office workspace provider reported a narrower-than-expected first-quarter loss, mostly in line with quarterly revenue forecasts. However, the company’s second-quarter outlook is below Wall Street projections. In Q1, WeWork’s net losses reached $264 million or 34 cents a share, a slight […]
FuboTV Shares Skyrocket: Losses Dip, Revenue Soars, and Subscriber Prediction Increases Beyond Expectations!
FuboTV Inc., a live TV streaming platform, saw its shares jump by 8.9% in premarket trading following its impressive first-quarter report that exceeded expectations. Alongside this, the platform raised its full-year subscriber outlook and provided a positive liquidity view. During Q1 of 2021, FuboTV’s net losses narrowed to $86.4 million, equivalent to 37 cents a […]