Why Is Remark (MARK) Stock Down 45% Today?

Remark (NASDAQ:MARK) stock is falling on Wednesday as the company’s shares come off a rally yesterday following a deal with Microsoft (NASDAQ:MSFT).Remark revealed a five-year partnership with Microsoft yesterday that covers cloud services and marketing. That will see the Remark AI business unit consume $80 million of Microsoft Azure cloud services.To go along with that deal, Microsoft will help with driving new customers to Remark AI through its cloud services. That will have it co-market the unit’s servic ...