Overview
- Shares set fresh 52‑week highs with gains near 170% over the past month, though Monday’s early jump reversed during heavy, volatile trading.
- The surge has been fueled by hedge fund manager Eric Jackson’s push to return co‑founder Keith Rabois to the board, prompting GameStop‑style comparisons across retail forums.
- Social‑media chatter linked comedian Rob Schneider to the stock after weekend teases, but no investment has been confirmed by Schneider or the company.
- Interim leader Shrisha Radhakrishna, appointed on Aug. 15, disclosed an Aug. 28 open‑market purchase of 30,000 shares and introduced a community hub to engage retail holders.
- Q2 revenue came in around $1.6 billion with a return to adjusted‑EBITDA profitability, while Q3 revenue guidance was lighter and short interest near 24% has added squeeze dynamics.