THG CEO faces backlash as stock price plummets over 90%

In the months leading up to June 2025, THG (The Hut Group), a UK-based e-commerce company, has been facing severe challenges in its stock performance. Since its public float in 2020, the company has seen a staggering decline of over 90% in its stock price. This downturn has sparked internal conflicts, particularly between the CEO, Matt Moulding, and a former cybersecurity executive. The criticism centers around management decisions that have impacted the company's financial health and overall market perception. Investors and analysts continue to express their concerns regarding the future viability of THG as a publicly traded entity, which adds pressure on the leadership team to demonstrate accountability and devise a turnaround strategy. The fallout from this intense scrutiny has turned into a public dispute, raising eyebrows at the company's governance and risk management practices. Amid these challenges, Moulding's communication strategy has been under fire, prompting discussions about how tech firms should engage with stakeholders, especially in times of financial distress. The dynamics of this situation illustrate the broader implications of corporate governance in the rapidly evolving e-commerce sector, as companies navigate market volatility and investor expectations.