Insights

Keep up with the most important innovation news every weekday afternoon.

By signing up, I agree to the Terms of Service and Privacy Policy.

Briefing

Canopy Growth CEO says ‘hiccups’ responsible for $330-million loss, shares stumble

Talking point: Canopy's operating costs skyrocketed ahead of recreational marijuana legalization in Canada, but it still reported a bigger second-quarter loss than analysts expected. Revenue for Canopy—the largest Canadian cannabis company by market value—in the quarter ending September 30 was $23.3 million. It’s an increase from $17.6 million one year earlier, but less than the $25.9 million reported in the first quarter of this year. (Canadian Press)

Facebook morale takes a tumble along with stock price

Talking point: In an internal survey, just over half of Facebook employees said they were optimistic about the company’s future—a drop of nearly 32 per cent from last year. Though Facebook’s workforce has been resilient through other rough patches in the past, many within the company have said this period feels different, according to The Wall Street Journal. That’s partially because of abnormal instability among leadership and a declining stock price, which has hurt morale for employees that have stock options as a large part of their compensation. However, some employees said sentiment is starting to improve after last week’s U.S. midterms, as the company seemed to have avoided any major disasters. (Wall Street Journal)