C3.ai CEO Steps Down: A New Chapter or a Stock Market Mirage?
Siebel’s exit, abrupt and unannounced, sent shares of C3.ai into a nosedive that would make a skydiver blush. On Monday, the stock closed at $23.19, a 20% plunge since the news. It’s the financial equivalent of ordering a latte and getting a lukewarm cup of motor oil. Investors, it seems, are less interested in Siebel’s health and more concerned with their own. Or so I imagine-my stock-picking acumen is roughly that of a goldfish with a calculator.