How to get the most out of your power supply
On Friday, the AP reported that the AP’s parent company, AP, had lost $2.9 billion in stock value since the stock price went into freefall.
It’s the second-biggest stock loss AP has seen in its history, according to the Bloomberg Billionaires Index.
On Tuesday, the company said it had taken another $2 billion in losses.
AP said it will cut costs by $3.2 billion and cut its workforce by 13 percent.
It’s unclear whether the stock losses will affect the company’s financial position or whether it will continue to operate in a state of financial crisis.
It could be that the stock is a signal of future earnings or a signal that AP will take further steps to cut costs and cut employees.