the stock hasnt dropped 70% though
It's currently sitting at about 28% of it's all-time high last august, so if you go from that point it has dropped 70%.
It's a clickbait title, tho.
Don't ruin the narrative! /s
Yeah, this calls into question the article because the first thing they say is complete bullshit.. the stock is doing fine it's just the entire market is in the shitter at the same time.
I don't know why anyone expects it to. They literally can't be sued and they're funded by DARPA. They could sell nothing but rat poison shaped like cartoon characters in a brightly colored box and they still wouldn't go out of business.
If they comitted fraud during the clinical trials then they absolutely can be sued. Fraud vitiates the EUA liability.
In theory that's how it's supposed to work. In reality they are above the law. Judges work for a system in which these drug companies define the truth.
It's almost dropped 70% since its peak. September 6 of 2021, Moderna stock was $449.38. Now it's $139.30. That's a loss of 69%.
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