Asana (ASAN) Stock Trades Down, Here Is Why

 

 

Asana (ASAN), a leading work management platform, saw its stock price drop by 6.4% on Friday, closing at $17.16 per share. The company, which went public in September 2020, has been facing increased competition from other software providers such as Dropbox (DBX) and HashiCorp (HCP). Asana’s revenue grew by 20% year-over-year in the second quarter of 2023, but its net loss widened to $71.4 million, or $0.04 per share¹.

Meanwhile, ASUS ROG, a gaming hardware brand, launched a new wireless gaming mouse called Harpe Ace Aim Lab Edition, which is designed to improve the performance of esports players. The mouse, which weighs only 54 grams, features a 36,000-dpi optical sensor, tri-mode connectivity, and five programmable buttons. It also integrates with Aim Lab, a training software that analyzes the user’s strengths and weaknesses and provides personalized settings for the mouse². The Harpe Ace Aim Lab Edition has received positive reviews from critics and gamers alike, who praised its ergonomic shape, high precision, and smooth movement³. The mouse is available in black and white colors and costs $99.99.