@StickyRice:Why did Aurora Innovation stock boom? CEO floats possible sale t Self-driving company Aurora Innovation $Aurora Innovation(AUR)$soared 15% after a report that the CEO laid out potential scenarios for the company including a possible sale to Apple (AAPL) $Apple(AAPL)$or Microsoft (MSFT)$Microsoft(MSFT)$. Aurora (AUR) CEO Chris Urmson, who co-founded the self-driving firm after running Google's (GOOGL) self-driving car project, was outlining potential scenarios for the company due to worsening market conditions, according to a Bloomberg report, which cited a company memo. The CEO also outlined taking the company private, spinning off or selling assets or a small capital raise, Bloomberg reported, citing a memo from early last month. Aurora (AUR) has a market cap of $2.43 billion. Aurora (AUR) confirmed the memo to Bloomberg and said the company is looking at ways to keep competitive in a tough market. Aurora (AUR) short interest is 3.86%. Aurora (AUR) went public in November after completing a de-spacing transaction, and the shares have plunged almost 80% since. Aurora competes in the same self-driving tech space as Argo AI, General Motors' (GM) Cruise, Tesla (TSLA) and Google's (GOOGL) Waymo. @TigerStars@Daily_Discussion Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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