Why Ibotta, Inc. Rallied Over 30% Today
Shares of Ibotta, Inc. (NYSE:IBTA) rallied as much as 32.6% on Tuesday, before retreating to 24.6% as of 1:39 p.m. EDT. Ibotta reported its third-quarter earnings last night that came in better than expected and signaled a turnaround in the business after a nearly two-year revenue slump. Ibotta operates a marketing platform for discounts on consumer packaged goods, which major retailers then use to advertise to their customers. Continue reading