In addition to layoffs and voluntary salary reductions for senior management, the company recently named a new chief executive. After a decade at the helm, founder Jon Niermann has stepped down and has been replaced by Justis Kao, who is now its interim chief executive.
Burbank-based short-form video distributor Loop Media Inc. is implementing strategies to “streamline operations” and demonstrate its value to advertisers after seeing its stock price fall over the last year. In addition to layoffs and voluntary salary reductions for senior management, the company recently named a new chief executive.
Loop Media (NYSEAMERICAN:LPTV – Free Report) had its price objective decreased by B. Riley from $2.50 to $1.50 in a research note published on Wednesday morning, Benzinga reports. B. Riley currently has a buy rating on the stock. Loop Media Stock Down 10.5 % Shares of Loop Media stock opened at $0.37 on Wednesday. The […]
The advertising landscape is undergoing a seismic shift, and at the heart of this transformation lies Retail Media Networks (RMNs). These networks are reshaping how brands connect with consumers,