CRCM - Why Care.Com Stock Can Keep Rebounding
At one point in time, Care.com (CRCM) was a hyper-growth platform software company digitizing and consolidating the several hundred billion dollar U.S. care industry. But in March 2019, the Wall Street Journal released a scathing report on Care.com's caregiver vetting practices (or lack thereof), which hit hard because when it comes to trusting a company to provide a caregiver for their children, families place everything in trusting the quality of that caregiver.
Things just haven't been the same since. Care.com's growth narrative has materially slowed, as member growth, paying family growth, and revenue