|Company Name||Poshmark, Inc.|
On November 9, 2021, Poshmark released its third quarter earnings with a reported a loss of $.09 per share compared to a profit of $.44 per share in the third quarter of 2020. Poshmark's CEO claimed that "difficult comparisons and the headwinds of Apple privacy changes" were to blame for Poshmark's financial results.
On this news, Poshmark’s stocks fell $7.11, or 29%, to close at $17.42 per share on November 10, 2021, thereby injuring investors.
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