Debt-burdened Gumtree hits new low market cap of $25.7m

Gumtree today slumped to its lowest market capitalisation since the company then known as The Market Herald agreed to buy Gumtree, Carsguide and Autotrader for $86.7m in 2022.

Gumtree lost 11.1% today to close on a market cap of $25.7m. The last time Gumtree updated the market on its…