Pearson down 11% on AI worries
If AI is eating your lunch, your company better have a good strategic plan to adjust and create new revenue streams.
This is classic Marketing myopia, e.g. US railways, in mid 20th century, saw market share eroded by the airlines. That's because railroads never saw themselves in the transportation business, and limited themselves themselves by thinking they were in Railroads alone.
Pearson has had to deal with all sorts of changes, especially technology, and I'm sure they will have a strategic plan.
Technicals: Bearish reversal now under 50 weekly EMA, but volume isn't high so early days. Below 756 would confirm a new downtrend.
This is classic Marketing myopia, e.g. US railways, in mid 20th century, saw market share eroded by the airlines. That's because railroads never saw themselves in the transportation business, and limited themselves themselves by thinking they were in Railroads alone.
Pearson has had to deal with all sorts of changes, especially technology, and I'm sure they will have a strategic plan.
Technicals: Bearish reversal now under 50 weekly EMA, but volume isn't high so early days. Below 756 would confirm a new downtrend.
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