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0.000857555515436005 -0.001399169525185 -0.00467142083408551 -0.00816934464704821 -0.0160453150388158 -0.0318649575735693 -0.048790395378227 -0.0510471204188482
Stock impact report

Why Planet Labs Stock Dropped 3% This Morning [Yahoo! Finance]

Planet Labs PBC Class A (PL) 
Company Research Source: Yahoo! Finance
Planet revealed today that it has "expanded" a relationship with the Antinarcotics Directorate of the Colombian National Police (DIRAN), whereby the latter uses images from Planet Labs' Earth observation satellites to detect and help eradicate "illicit crop growth and harvest" (i.e. drug crops). Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » Planet's satellites can survey agricultural plots at approximately three-meter resolution from orbit, then narrow their focus to 50-centimeter resolution to confirm the presence of coca crops, providing valuable data to DIRAN. Planet notes that it has been providing such data to Colombia since 2017, but the new contract will expand the data it provides -- and, presumably, the revenue it receives. Planet did not state a dollar value for the contract, implying that the value is not material to Planet. This is now the third time in two weeks that Planet has Show less Read more
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