Business > Market

SmileDirectClub Gets Hit With a Costly Dentist Bill, Shares Tumble to New Low

1 month ago   |   By Fortune

For SmileDirectClub shareholders, there hasn't been much to smile about lately.
Last month, the so-called teledentistry company went public, and got its proverbial teeth knocked in. It was one of the worst stock market debuts of the past decade.
Shares took another hit this week after California Governor Gavin Newsom signed a bill that would add more regulations to the emerging sector in the state. At the close of trade on Thursday, shares of SmileDirectClub-which provides direct-to-home teeth-straightening aligners-were trading at a new low of $9.41, down roughly 10% in the days since the...
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