🔴 Getty Images is trading 17.89% down now at $0.02 amid plan’s no-property treatment of common shareholders

Getty Images is trading 17.89% lower at $0.02, with its October 12 plan providing context: existing common shareholders would receive or retain no property.

• Getty Family and Koch Equity Development affiliates would own 100% of the reorganized company; no October 15 announcement was found.
• Hotter-than-expected September inflation raised interest-rate concerns, weighing especially on technology stocks; the S&P 500 and Nasdaq were lower, with no direct link to Getty Images’ decline established.