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Take a hit

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Negative ConnotationPlay
The phrase often implies disappointment or damage to a reputation or status. SlideThe company's stock took a hit after the CEO resigned.
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Business ContextPlay
Commonly used to describe financial or market losses in a business setting. SlideAfter the data breach, the business took a huge hit.
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Media UsagePlay
Frequently appears in news or analysis to explain the impact of an event on performance or success. SlideThe film's box office earnings took a hit due to negative reviews.