Why HubSpot Stock Plummeted by 12% Today

It's never pleasant for a shareholder to learn that a potential high-premium takeover of one of their investments has been scratched. Unfortunately for HubSpot (HUBS -12.12%) investors, that's exactly what happened on Wednesday. On the news, market players aggressively sold out of the shares, leaving HubSpot with a 12% decline in price on the day. Bloomberg reached out to Alphabet and HubSpot for comment; neither offered any. It is not clear how much the deep-pocketed Alphabet would have been willing to spe ...