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IBM Shares Plummet 24% After Initial Results Disappoint Wall Street
in5points
IBM shares fell 24% after disappointing initial results.
IBM CEO Arvind Krishna admitted the company did not adapt quickly enough.
The decline reflects Wall Street's negative reaction to IBM's performance.
Krishna's letter to investors acknowledged the company's slow response to market changes.
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Who owns this?
Adani Group
Gautam Adani
Acquired by Adani Group in 2022 from the founders.
Wikipedia: Gautam Adani