RE:TELADOC HEALTH Reliq should stop bragging about Teladoc buying Livongo for a huge multiple.....
For the first quarter, Teladoc generated a net loss of $6.67 billion, or $41.58 a share, whereas it recorded a loss of $200 million, or $1.31 a share, in the year-prior period. Teladoc’s loss in the most recent quarter largely reflected a $6.6 billion impairment charge related to goodwill.
Teladoc executives did not disclose much about the goodwill impairment charge in Wednesday’s news release, but roughly $12.8 billion of the $14.5 billion in goodwill on Teladoc’s books stemmed from the $18.5 billion acquisition of Livongo in 2020, according to the company’s filings with the Securities and Exchange Commission.
vitalina2233 wrote: GETTING WHACKED AFTER HOURS, perhaps thats why we got whacked Papi