Company ripped by Elon Musk that stores government records in a mine may actually get a boost from DOGE
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Iron Mountain's shares have been under pressure after Elon Musk criticized the company's storage of government records in a mine. However, Iron Mountain believes other parts of its business could benefit from efforts to improve government efficiency.
February 13, 2025 | 10:00 pm
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Iron Mountain's stock has been affected by Elon Musk's criticism of its storage practices, but the company sees potential growth from government efficiency initiatives.
Elon Musk's comments have negatively impacted Iron Mountain's stock in the short term. However, the company's belief in benefiting from government efficiency initiatives could stabilize or improve its stock price, balancing the negative impact.
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