Shares in $1 billion internet stock-tipping favourite BrainChip Holdings have plunged 10 per cent in early trade after the abrupt termination of chief executive Louis DiNardo “without cause, effective immediately” days after the company was added to the ASX300 index.
Louis DiNardo has agreed to leave Brainchip effective immediately.
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Michael Roddan is a Walkley Award-winning national correspondent based in Sydney. He is a former business and economics reporter for The Australian. Connect with Michael on Twitter. Email Michael at m.roddan@afr.com
