20 Sep 2024 --- Shares of THG, formerly The Hut Group, have fallen largely this week after the British e-commerce company missed earnings estimates and said it may spin off its technology platform, Ingenuity, to help boost its bottom line. The stock has dropped over 90% since its IPO in 2020. Demerging Ingenuity would leave THG with its more profitable divisions, THG Beauty and THG Nutrition. The company said it would apply to remain on the London Stock Exchange now that the government has changed the rules to attract more listings. The stock is presently in the “transition” category.
