Monday.com Stock Plummets Despite Strong Q2 Report
Shares of Monday.com Ltd (NASDAQ:MNDY) are nosediving this morning, even after the software company reported second-quarter earnings of 299 million, beating expectations. The company also raised its full-year guidance. While touting the success of its new artificial intelligence (AI) tools, Monday.com pointed to changes in Google's algorithm and rising operating costs as factors impacting the market.At last check, the stock was down 26.4% to trade at $182.55, on pace for its w ...