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Here's Why Cardlytics Stock Sank to an All-Time Low on Wednesday

Jon Quast, The Motley Fool
·2-min read
Here's Why Cardlytics Stock Sank to an All-Time Low on Wednesday

Shares of advertising-technology company Cardlytics (NASDAQ: CDLX) sank to an all-time low on Wednesday after the company announced disappointing financial results for the third quarter of 2022. As of 1:20 p.m. ET, Cardlytics stock was down 43% for the session and down 96% from the high it reached in early 2021. Cardlytics partners with financial institutions to track real consumer spending and offer advertising opportunities to marketers.

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