When you're called a slacker... Because everyone's just comparing you to Zoom. Shares of Slack took a 14% plunge after the work messaging icon reported 50% sales growth for its first quarter (compared with 49% the quarter before). Given the corona-conomy WFH frenzy, investors were expecting jaw-dropping numbers (like Zoom's 169% sales surge). With great hype comes great disappoint-ability.
An apocalypse thriller... AMC Theatres' headline-making quarter. The world's largest movie theater chain's 11K+ screens have been dark since March. In April, AMC suggested it had enough cash to make it until Thanksgiving. Now, it has "substantial doubt" about that — key issue: "We are generating effectively no revenue." AMC expects a $2B+ loss last quarter and even worse in the one we're in now. Its future depends on your choice to show up and studios choosing to make movies.