Why Is Lemonade Stock Crashing After Reporting Earnings?
In this video, I will talk about Lemonade's (NYSE: LMND) second-quarter earnings, which were much better than what the market expected. The company still expects generative artificial intelligence (AI) to improve business profitability, but for the time being, it is a money-losing business.
*Stock prices used were from the trading day of Aug. 2, 2023. The video was published on Aug. 3, 2023.
Source Fool.com