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Care.com Shares Slump After Chief Financial Officer Resigns

Rob Daniel

The move comes 3½ months after The Wall Street Journal reported that many day-care centers listed on the site were unlicensed. Michael Echenberg, executive vice president and finance chief at Care.com, resigned effective Aug. 30, the Waltham, Mass., company said in a Form 8-K filed with the Securities and Exchange Commission. Michael Goss, vice president of finance, is expected to become acting chief financial officer, Care.com said in the filing.