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Monday.com faces stock market dive despite $1 billion revenue run rate

image sourced from original article at https://www.ynetnews.com/business/article/rj7fukez1g

Monday.com, the Israeli software company, achieved an annual revenue run rate of $1 billion. However, its stock experienced a sharp decline of 20% after the release of its third-quarter financials, despite meeting expectations. The stock retraced to a $13 billion valuation, still twice its IPO value in 2021.

Original article source: https://www.ynetnews.com/business/article/rj7fukez1g
Source Id: 8406889696

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