Nextdoor Stock Plummets After AI Hype

Nextdoors stock plummets over eleven percent following a multi-day rally, sparked by an activist investors optimistic AI outlook. Despite a forty-nine percent single-day surge, investors question the companys financial performance, leading to a significant drop. Nextdoors shares, known for volatility, now trade flat since the years start, with investments from its IPO in March 2021 now worth around $243.50.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.