by: xpoolPosted on:

Gemini Stock Plummets After Record-Low Quarterly Results

Shares of Gemini crypto exchange plunged on Monday following the release of disappointing third-quarter results. The company posted a net loss of $159.5 million, largely driven by expenses associated with its recent IPO. Despite revenue growth to $50.6 million from the previous year’s $24.5 million, investors reacted negatively, sending the stock to an all-time low after the bell.

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