Cardlytics, Inc.

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Investigation Details

Cardlytics announced its second quarter 2024 financial results on August 7, 2024, revealing a 9% year-over-year decrease in revenue to $69.6 million, alongside a 3% decline in adjusted contribution to $36.4 million; the Company also disclosed that Karim Temsamani stepped down as Chief Executive Officer and from the Board of Directors.

Following this news, Cardlytics stock dropped over 56% during pre-market trading on August 8, 2024.