Key Takeaways:
Smart Share Global’s revenue plunged more than 50% in the first quarter, as revenue from its core charging services tumbled amid its business transformation
The company is gradually shifting operational responsibilities for its network of Energy Monster power bank cabinets to third-party business partners
Bill Ackman's hedge fund Pershing Square is selling a 10% stake ahead of its IPO plans. The renowned investor stands to profit billions from the potential IPO.
Shares of Teledyne Technologies Incorporated (NYSE:TDY) fell sharply during Wednesday’s session after the company reported worse-than-expected first-quarter financial…