Stitch Fix’s sharp decline signals high growth hurdles for tech-enabled startups
Shares of Stitch Fix, a digitally-enabled “styling service,” are off sharply this morning after its earnings failed to excite public market investors. The firm, worth over $29 per share as recently as February, opened today worth just $14.75 per share. Stitch Fix equity shed nearly 7% of its value yesterday in the broad market selloff. Today it’s off another 30.48%.
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