Neutral/Negative Catalysts
- Reverse stock split plan is typically interpreted as a sign of distress and can pressure shares.
- Subscriber count declined to 6.2M (per news), which undermines the growth story.
- Earnings miss: reported GAAP EPS -$0.02 vs expectations referenced in the news.
- Price action is decisively risk-off: -8.47% regular session drop with bearish trend indicators.
- High IV implies the market expects large swings; without a clear bullish trigger, that often resolves downward in weak trends.