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IBM Shares Plummet 24% After Initial Results Disappoint Wall Street
in5points
IBM shares fell 24% after disappointing preliminary earnings results.
CEO Arvind Krishna admitted in a letter that IBM did not adapt quickly enough.
The sharp decline wiped out significant market value for the company.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani