TECH - Remark Holdings Stock Tumbles After AI Company Provides Details Of Microsoft Deal: Everything You Need To Know | Benzinga
Remark Holdings Inc (NASDAQ:MARK) shares soared by more than 250% on Tuesday as traders circled a social media post from the company about a partnership with Microsoft Corp (NASDAQ:MSFT). After market close, the company provided an update that sent shares tumbling.
What Happened: AI solutions company Remark Holdings announced that it entered into an “$80 million dollar initial partnership” with Microsoft on Tuesday.
"It’s official!!! @Microsoft making #RemarkAI global together," the company said in a post on X.
A lot of X users commented on the post, asking why an official press release was not issued on the news. Benzinga reached out to the company ...