Stock Price (Oct 26, 2025): ~$7.97 per share (last close on Oct. 24), after jumping +13% on Friday amid hopes of Federal Reserve rate cuts [1].
Market Capitalization: Approximately $5.9 billion at the current share price [2].
Recent Performance:Up ~400% year-to-date 2025 after a speculative frenzy drove a +1,600% surge from ~$0.50 in June to a peak of $10.87 in mid-September [3]. Shares have since cooled ~30% from that high [4], though they remain dramatically above early-2025 levels.
Major Developments: A major leadership shake-up saw ex-Shopify COO Kaz Nejatian become CEO in September (with co-founder Keith Rabois returning as Board Chair), sparking enthusiasm for an AI-driven turnaround [5]. The company also confirmed plans to accept…
