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Why WM Technology Stock Is Falling Today

TheMotleyFool

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Why WM Technology Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/32e7a10f-efd0-424a-861f-2f3e0bb7ce02.png

Shares of WM Technology (NASDAQ: MAPS), a software infrastructure provider to the cannabis industry, were sliding today after the company reported a much larger loss for its bottom line than Wall Street was anticipating.

The tech stock had fallen by as much as 13% today and was still down 7.5% as of 2:10 p.m. ET.

WM reported a loss of $0.19 per share for the first quarter, which was far worse than analysts' consensus estimate of a loss of $0.04 per share.

Source Fool.com

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