Why Cardlytics Stock Plunged Today

Why Cardlytics Stock Plunged Today

Shares of Cardlytics (NASDAQ: CDLX) have plunged today, down by 11% as of noon EDT, after the company reported second-quarter earnings. The results were mixed compared to analyst expectations. Billings fell 46% to $39.5 million and financial institution monthly active users (FI MAUs) were 157.2 million.