Why Farfetch Stock Is Sinking on a Calm Day for the Market
The online-retail specialist's stock move likely had something to do with a recent announcement about its leadership team. Farfetch published a press release Thursday announcing that former TikTok executive Nick Tran will become its new chief marketing officer. While Tran has expertise that suggests he could be a good fit to push Farfetch's brand and service platforms forward, the market may be seeing warning signs about the new hire.