GE Ignites 100-Startup Fire Sale in Last-Ditch Bid to Save Crumbling Stock

Lai Tran June 13, 2019 0 Comments

Following a vicious stock price downturn, GE is making a last-ditch attempt to raise cash. GE Ventures intends to sell its portfolio of investments in more than 100 startups as part of the firm’s “multiyear turnaround.” GE stock has plunged nearly 30% from its 52-week high at $14.44. By CCN Markets: Amid a “multiyear turnaround” which has seen GE’s stock drop double digits this year, GE is reportedly looking to offload a large portfolio of startup investments. The Ventures wing of one of America’s oldest companies reportedly owns stakes in more than 100 different companies and is looking for a

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Source: Bitcoin CNN