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Moderna Stocks Plunge As People Shun New COVID Vaccines

Demand for the COVID-19 “vaccines” is plummeting as people move on from the “pandemic”. Because of the lack of demand, Moderna plans to scale down production of the injections.

Shares of Moderna fell more than 15% in premarket trading Thursday. Moderna’s stock is down more than 57% for the year as of Wednesday’s close, putting the biotech company’s market value at roughly $29 billion, according to a report by CNBC. 

Moderna posted a net loss of $3.63 billion, or $9.53 per share, for the quarter. That compares with net income of $1.04 billion, or $2.53 per share, reported during the year-ago period.  The company said the loss was primarily driven by $3.1 billion in mostly non-cash charges related to tax allowances and changing its manufacturing footprint. The resizing, which resulted in $1.4 billion in charges during the third quarter, aims to make the company’s COVID-19 vaccine profitable in 2024 and beyond, Moderna CEO Stéphane Bancel said in a statement.

Moderna has been preparing to inject the entire planet for quite some time and even though the desire to get the “vaccine” has dropped, it’ll still be pushing the shots on as many people as possible.

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