These 5 Stocks Are Getting Crushed Today

3. Microsoft Corporation (NASDAQ:MSFT) has dipped 0.65% as of 1:16 PM ET because the Redmond, Washington-based tech giant is facing multiple negative developments today. Firstly, Microsoft Corporation (NASDAQ:MSFT) announced that it would significantly lower its presence in Russia but will continue to fulfill contractual obligations. The update is expected to impact 400 employees. Furthermore, Microsoft Corporation (NASDAQ:MSFT) parted ways with its virtual reality chief Alex Kipman after reports that he acted inappropriately in front of some female employees. There have been allegations that he watched virtual reality pornography in front of company employees.

Motiwala Capital discussed its stance on Microsoft Corporation (NASDAQ:MSFT) in its Q4 2021 investor letter. Here’s what the firm said:

“Microsoft (NASDAQ:MSFT) re-enters our portfolio after a long gap. MSFT sells enterprise and consumer software products as well as hardware products such as the Xbox video game console and Surface laptops. All business segments experienced double-digit revenue growth and earnings per share have compounded in the mid-double digits over the last 5 years. We believe MSFT continues this momentum in the years ahead.”

Microsoft Corporation (NASDAQ:MSFT) was held by 259 hedge funds as of Q1 2022.