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IRobot stock falls 16% after Amazon merger falls apart, shares recover 7% by end of day. Company to restructure, CEO resigned.
The Roomba maker said it will now focus on its own restructuring and becoming profitable again, after a proposed merger with Amazon fell apart.
"We find a lot of shortcomings," Spruce Point Capital Management says of financial services giant MSCI.
-Spruce Point Capital Management on Wednesday said it has taken a short position in global index provider MSCI, arguing the company is suffering from increased competition and raising questions over... -January 17, 2024 at 10:42 am EST - MarketScreener
Spruce Point founder Ben Axler says he’s “definitely not alleging anything illegal,” but he sees lots of “classic red flags” at MSCI.