LQR House Crashes 62% After-Hours As Crypto Bet Backfires — CEO Calls It 'Expansion,' But Investors Flee After DeFi Icon Robert Leshner Walks Away Amid Bitcoin Treasury Plans
Stock Performance: LQR House Inc. shares fell 62.10% in after-hours trading to $2.49 following the announcement of plans to integrate cryptocurrency and blockchain technology, marking an 87.32% decline year-to-date.
Business Strategy: CEO Sean Dollinger emphasized that the company is expanding its business model to include digital assets, supported by advisory input from Robert Leshner, despite the latter's withdrawal from pursuing a controlling stake.
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LQR House Stock (YHC) Soars 65% on TikTok Collaboration
Stock Surge Due to Partnership: LQR House (YHC) stock rose 65.83% after announcing a partnership with TikTok to develop and monetize creator-led content through its subsidiary, YHC Online.
Market Performance Overview: Despite the surge, YHC shares have fallen 97.46% year-to-date, with heavy trading activity noted as 48 million shares exchanged hands compared to an average of 5.29 million.
Dow Falls Over 200 Points; 3M Earnings Top Views
U.S. Stock Market Performance: U.S. stocks fell, with the Dow Jones dropping over 200 points and sectors like communication services declining, while utilities saw a rise of 1.9%.
Company Highlights: 3M reported strong second-quarter results and raised its full-year guidance, while Telomir Pharmaceuticals and MEI Pharma experienced significant stock surges due to positive announcements, contrasting with sharp declines in LQR House Inc. and Northern Dynasty Minerals Ltd.
