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Showing Tag: "teladoc implodes 48% after massive first-quarter loss" (Show all posts)

Teladoc implodes 48% after massive first-quarter loss, costing Cathie Wood's ARK more than $400 million

Posted by Matthew Fox on Friday, April 29, 2022, In : TRADING FLOOR 



  • Teladoc stock imploded 48% on Thursday after reporting a massive first-quarter loss and cutting its outlook.
  • Cathie Wood's Ark Invest built a $1 billion stake in Teladoc, making it the fund's second biggest position.
  • Ark is set to lose more than $400 million from its Teladoc position on Thursday.

Teladoc stock imploded by 48% on Thursday after the tele-health company reported first-quarter results that included a massive loss and weaker 2022 guidance.

The company reported a loss of $41.58 per sha...


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