【319Business】 Twitter plunges 20% after Elon Musk says $44 billion takeover deal is on hold

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‘It’s very important to us’: Lightspeed’s JP Chauvet eyes path to profitability as stock under pressure

MONTREAL — In February, Lightspeed’s longtime president, JP Chauvet, replaced founder Dax Dasilva as CEO following a difficult period for the company. After a short-seller report in the fall prompted a brutal selloff, its stock has fallen from a high of more than $158 in September to roughly $25, as of May 6. Shares in the Montreal-based point-of-sale maker have continued to suffer, as investors weigh concerns of rising interest rates and surging inflation—especially hurting unprofitable companies like Lightspeed.