Stamps.com Stock Plunges More Than 50% After Losing USPS Partnership

Stamps.com has pulled out of an exclusive deal with the U.S. Postal Service–sending its stock plummeting more than 50%, or over $100–in a move meant to keep the company flexible as Amazon enters the shipping industry. CEO Ken McBride said the decision will cause “some short-term pain for us over the next few years,” with […]