I was so excited to do a hit with Kelly now that she is back in the studio. While we always like to have of mix of buys and sells - today was mostly stuff to stay aways from.
Dropbox, I love the service personally, but they lost 50k subscribers last year and their AI offering isn't out and unclear it will move the needle. When the CEO blames tech layoffs, it tells me they lack value.
Then we got to ZipRecruter - but it's just a job board! Other firms like Manpower have upskilling programs or higher skilled customers. The CEO says there is nothing they can do until the "macro" improves.
As for Sphere - you know, the big marble in Las Vegas - it would be a wonderful speculation on a one trick pony, but half the revenues come for MSG Networks, a regional sports network with declining earnings trying to make a go of streaming. Better to see a concert than buy the stock.
This just shows that household names are no sure thing.