CS Disco Inc. Common Stock (NYSE: LAW)
On August 11, 2022, the Company released disappointing financial results for the second quarter of 2022, disclosing that revenue growth had decelerated drastically over past quarters and that it would no longer be including in its guidance any revenues attributable to its largest customers for the entire year, shocking investors and analysts alike. On this news, shares of CS Disco plummeted $15.53 between August 11, 2022 and August 12, 2022, a drop of more than 53%.