B. Riley stock plummets 50% amid significant Q2 losses: Here’s what happened

Financial Advisors

B. Riley stock plummets 50% amid significant Q2 losses: Here’s what happened

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B. Riley Financial Inc. (NASDAQ: RILY) saw its stock plunge by 50% on Monday after the investment bank announced substantial losses for its second fiscal quarter.  The dramatic decline is tied to the fallout from a troubled investment in Franchise Group (FRG) last year, which has severely impacted the company’s financial standing and led to

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