Gemini Shares Drop 7% Even as Net Loss Narrows to $107 Million

Gemini Space Station (GEMI) stock slid 7% to $4.00 in after-hours trading Thursday after the crypto exchange reported a second-quarter net loss of $107.7 million. The loss came in 19% smaller than a year earlier, and revenue climbed 37% to $45.5 million. Even so, a fraud charge and thinner trading volumes overshadowed the company’s progress.