We're talking three stocks down bad. Mottleyful money starts now.

I'm Dylan Lewis, and I'm joined over the airwaves by Motleyful analyst David Meyer. David,

thanks for joining me today. Thank you for having me, Dylan.

We've got three different companies in the news today facing different kinds of headwinds, all showing a little

bit of red on the market today. We're going to dive into why. Our first one up, Sonos. Today, Sonos

CEO, Patrick Spence, announced he was stepping down from his leadership position after what has been,

I think, a tough run on the technical side for this company. Shares are down about 8%.

Do we want to do a little bit of a history lesson here on where this company's been and

some of the problems that have been plaguing Sonos? Sure, we can do that. The speaker maker and

audio file has had a tumultuous 2024. And it seems the root cause

seems to be an app that rolled out early that did not work. Apparently, not only was it buggy,

but they cut features. Now, I will say, I personally am not a Sonos person. I don't

own their equipment, but I have lots of friends who do. And they loved it before this app

rollout. They still love their stuff, but they definitely did not appreciate the technical

difficulties that they ran into. But that seems to be the root cause of why the CEO is now out of there.

I'll add the customer perspective here because I have SONO speakers in my house, David.

And I will say, yeah, I think the rep for this company for such a long time was incredibly high quality hardware and

just kind of a, it just works approach with a lot of their app and software stuff.

And I have run into the frustrations of wondering where my speakers were or am I able to

control them in the app, some stuff with integrations as well with some of the other apps.

And so I can understand the frustration because it flies in the face of, I think, kind of what

the company's promise was out in the marketplace to customers.

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