Updated Aug. 10, 2011 at 4:49 p.m.

Premium Lock Meltdown at Motricity - Shares plummet 59%

Published: 2011-08-10 07:35:00
Updated: 2011-08-10 16:49:24

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Despite assurances from CEO Ryan Wuerch, the mobile applications firm that once was based in Durham, is rocked by a stock dump after reporting quarterly losses and projecting current quarter revenue that was worse than Wall Street expected. Motricity shares have plummeted from $30 to under $2 since December....

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