Herbalife’s stock price took a tumble after the company announced disappointing earnings yesterday. Continuing pandemic issues and global inflation hurt the company’s bottom line.
The multi-level marketing giant Herbalife announced that CEO Richard Goudis resigned due to comments on “expense-related policies and business practices,” the company said in a press release.
Youngevity International, a multilevel marketer of nutritional supplements as well as a bulk coffee roaster, reported big increases in net revenue and gross profit in its second quarter of 2014, driven mostly by organic growth aided by acquisitions.
Network marketing giant Herbalife has confirmed that is the subject of an investigation by the Federal Trade Commission. Trading in shares of the company were briefly halted on the New York Stock Exchange after the price plunged 12% in the minutes after...