Why LivePerson Stock Tanked Today
Shares of LivePerson (NASDAQ: LPSN) have tanked today, down by 10% as of 3:30 p.m. EDT, amid a broad market sell-off triggered by escalating trade tensions between the U.S. and China that impacted tech more than other sectors. The drop came despite the fact that LivePerson has no business in China and is unaffected by tariffs.
As a digital service provider that facilitates communications and conversations between brands and customers, LivePerson does not import anything from China that would be affected by President Trump's tariffs. Additionally, the company's regulatory filings show that it does no business directly in China. LivePerson operates in the U.S., Israel, Australia, the Netherlands, Japan, and a handful of European countries.
Image source: Getty Images.
Quelle Fool.com
