Why is Mogo Inc (MOGO) Stock down?
Mogo Inc. (MOGO) fell by 9.80% today, from $3.06 to $2.76, following the announcement today that the firm has extended its marketing partnership with Postmedia Network Inc. until December 31, 2024, leveraging Postmedia's broad reach to boost product awareness and member growth. The agreement includes discounted network access and amendments to outstanding warrants held by Postmedia.
https://finance.yahoo.com/news/mogo-extends-innovative-marketing-agreement-180800235.html
Mogo Inc. (MOGO) dropped by 5.56%, from $2.70 to $2.55 today. The firm has announced a business merger involving Coinsquare Ltd., WonderFi Technologies Inc., and CoinSmart Financial Inc. Mogo will become the largest shareholder in the newly formed company, set to become one of the world's largest registered crypto asset trading firms, offering a range of services, and the transaction is expected to conclude in Q2 2023, with shares trading on the TSX.
https://finance.yahoo.com/news/mogo-announces-coinsquare-entered-business-131700768.html