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-0.00048824719257862 -0.00258073516077288 0.00139499197879609 -0.00276208411801633 -0.00258073516077288 0.0241333612331729 0.0211341284787612 0.0211341284787612
Stock impact report

Why SoundHound AI Stock Is Plummeting Today [Yahoo! Finance]

SoundHound AI, Inc. - Class A (SOUN) 
Company Research Source: Yahoo! Finance
ET and was down as much as 18.7% earlier in the day. The steep decline comes as the S&P 500 and Nasdaq Composite both lost nearly 5%. Already seeing pressure from President Donald Trump's tariffs , the company faces a class action lawsuit from investors alleging it made misleading statements about its accounting practices. The law firm Kessler Topaz Meltzer & Check filed a class action lawsuit on behalf of shareholders on Thursday claiming issues with the company's accounting practices. Specifically, the suit alleges that SoundHound failed to fully disclose the issues with its financial reporting. According to the lawsuit, SoundHound allegedly gave investors the impression that it had resolved weaknesses in its internal financial controls when it had not. Adding fuel to the fire, this morning the company said it could not file its 2024 financial report on time because of the complexity surrounding recent acquisitions. At the same time, the company's stock is caught up in the e Show less Read more
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