$GM is now a penny stock, much thanks to the #UAW
There you have it folks, GM has traded below 1 dollar PPS. How sad this story has become. UAW is to blame I believe, their shotty workman ship produced shitty cars for years, now it is coming back to haunt them. The UAW doesn’t care they just kept demanding more and more benefits, more money more buyouts…
Do they not understand one cannot operate a business if the expenses of the business are higher than the revenue? Doubtful they understood this, if they did they probably would all still have job security. rant over.
UPDATE: Now re-listed under same ticker. original shares worthless