On May 20, 2024, Maxime Bouvat-merlin, the Chief Product Officer of Sonos Inc (NASDAQ:SONO), sold 40,222 shares of the company (for $665,272). The transaction was reported in a recent SEC Filing on insider trading. Over the past year, there have been no insider buys and 17 insider sells at Sonos Inc, indicating a trend where insiders are choosing to sell shares rather than purchase them.
He’s not silly. This new App is a Titanic disaster and who wants to keep their hard earned money on a sinking ship……?
I find this all very sad. I have been a devotee of Sonos and a loyal customer from around 2002. I think probably from when the company first started. This new server based App is going to kill any ongoing sales relationship for me, with Sonos. Yes, I know they are working hard with updates to the new flaky App, but for me where I don’t have super fast Internet connection the laggy response of the new App means for me that the system is unworkable and can;t see it ever will be. I am assuming that this is the cause of why commands take anything up to ten seconds to respond. Or are Sonos servers overloaded? Regardless the new server based App simply ain’t working for me.
