The Internet of Things (IoT) has transformed the way we interact with technology. By connecting everyday objects to the internet, it has enabled businesses to gather data and automate processes, creating a more efficient and productive workplace. However, as with any…
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PacBio Faces Uphill Climb as Q1 Revenue Falls Short
Shares in Pacific Biosciences (PacBio) dropped 51% after the company reduced its annual operating expense run rate by $50-$75 million, equivalent to 86%-128% of its