|Bid||0.0000 x 4000|
|Ask||0.0000 x 800|
|Day's Range||0.9742 - 1.0700|
|52 Week Range||0.7506 - 5.6000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 28, 2022 - Apr 01, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.00|
Lemonade (NYSE: LMND) isn't wasting any time concocting a new recipe for its business, and investors were rewarding the company for this. This morning, Lemonade announced in a tersely worded press release that it has sold off the enterprise business solutions (EBS) operation of recently acquired Metromile. Neither the price nor the terms of the deal were disclosed; Lemonade only said that it was effected entirely in cash, and that it occurred after Lemonade's buyout of Metromile.
“Today’s actions were not what any of us expected," Metromile's CEO said in an email to staff following the layoffs.
Wag's merger partner had to refund to shareholders 97% of the $125 million it was going to contribute to the San Francisco startup.