Why Shares of StoneCo Crashed This Week - NewsBreak

StoneCo reported a net loss equivalent to $230 million on total revenue of roughly $270 million. Shares of the Brazilian fintech company StoneCo (NASDAQ:STNE) plummeted more than 36% this week, as of market close Thursday, after StoneCo reported earnings results for the third quarter of 2021 that were not well received by the market.