They used their high stock price to buy Livongo, and then did massive write downs on it when it ended up not being that great (~$9 billion in total). They had t

They used their high stock price to buy Livongo, and then did massive write downs on it when it ended up not being that great (~$9 billion in total). They had two quarters in a row where they did good will impairments of 30-40% of their market cap. Bought Livongo October 2020 (stock price $200)for $18 billion- https://www.fiercehealthcare.com/finance/teladoc-finalizes-blockbuster-deal-livongo-less-than-three-months https://www.fiercehealthcare.com/finance/teladoc-finalizes-b... Q1 2022 6.6 billion write down- https://www.fiercehealthcare.com/health-tech/teladoc-takes-66b-hit-q1-write-down https://www.fiercehealthcare.com/health-tech/teladoc-takes-6... Q2 3 billion write down- https://www.insiderintelligence.com/content/teladoc-health-turns-steep-3-1b-loss-q2-how-much-finger-pointing-goes-livongo https://www.insiderintelligence.com/content/teladoc-health-t...