Mar 13, 2026
Wealthfront files to pour $100 million into share buyback to capitalize on post-IPO stock collapse; it didn't help today -- shares spiked down on analysts' downgrades
The Palo Alto robo company has lost about $1 billion in market value after December IPO shares priced at $14 fell to $7.88 today; $100 million would buy about 10% of outstanding shares.