Asos shares slump after hack messages

ASOS shares dropped up to 14.5% after users reported a hack alert on its app, claiming a 'full compromise' of its Snowflake instance. The message demanded engagement or threatened a data leak. ASOS and Snowflake have not commented. ASOS has 16.4 million active customers, and any security issue could impact its operations and reputation.

ASOS Plc shares dropped 13% after users received a hack notification via its app, claiming a Snowflake data breach. The company and Snowflake have not commented. ASOS has 16.4 million active customers. Snowflake shares also fell 3.2%. Experts warn of the impact of such incidents on customer trust and company operations.

Snowflake (SNOW) shares fell 3% premarket after reports of a data breach involving ASOS. ASOS shares dropped 10%. Snowflake's P/S ratio is 21.48, below its historical median. Insiders sold $1.195B in shares over the past year. The company has a GF Score of 80/100, reflecting strong growth and momentum but weak profitability.

Snowflake shares dropped 3% premarket Tuesday after ASOS customers reported a hacker threat involving Snowflake's data. ASOS shares fell over 10% in London. Snowflake has not commented.

Snowflake raised $3.75 billion via zero-coupon convertible notes, split into $2.0 billion due 2029 and $1.75 billion due 2031. Initial conversion prices are $500.38 and $483.98, respectively. The company also entered capped call transactions to limit dilution, paying about $383.5 million. Proceeds will fund debt repurchases and support general corporate purposes.

On CNBC's 'Final Trades,' experts picked Snowflake (SNOW), Micron (MU), Morgan Stanley (MS), and Chubb (CB). Snowflake expanded its collaboration with LSEG. Micron reported Q4 revenue of $54.23B, beating estimates. Morgan Stanley and Chubb are set to release earnings soon. SNOW +0.7%, MU +3%, MS -0.1%, CB +1.9%.