Stamps.com Shares Plummet Over 50% after ‘Exclusivity’ Break Up With USPS

Stamps.com, USPS
Stamps.com, USPS

Shares of online mail-supplies firm Stamps.com plunged by over 50% in pre-market trading on Friday after the company disclosed during the fourth quarter and full-year 2018 earnings call that it will not renew its exclusive agreement with the U.S. Postal Service (USPS).

Read the full story on CCN.com.

Advertisement