Why Eventbrite Stock Plunged Today
Eventbrite (NYSE: EB) stock dove Tuesday after the company reported plunging revenue and a ballooning loss in the first quarter. Live events around the world have been canceled due to COVID-19, so investors had expected a dismal report from the event-management and ticketing specialist, but the degree of the pandemic's impact still surprised them.
Eventbrite shares were down by around 20% as of 1:35 p.m. EDT.
Image source Getty Images.
Source Fool.com
