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Elon Musk
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Twitter

Musk Celebrates New Twitter Usage High as Engineers Flee Company

(Bloomberg) — Twitter Inc. owner Elon Musk tweeted out an upbeat message saying the company beat its all-time high in usage late Thursday, on a day when many employees decided to leave the company. It was the second time in a week that the social network set a record, according to Musk, who said it […]

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Top Stock Market News

Snap Shocks Market Again, Fueling $29 Billion Social Media Slump

(Bloomberg) — For the third time in as many quarters, disappointing results from Snap Inc. are roiling social media stocks and adding to signs that the economic slowdown is deepening. The maker of the Snapchat app reported its slowest quarterly sales growth ever on Thursday, saying a decline in advertising spending continues to drag on […]

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Social Media Stocks Set to Erase $100 Billion on Snap Warning

(Bloomberg) — Social media stocks are on course to shed more than $100 billion in market value after Snap Inc.’s profit warning, adding to woes for the sector which is already reeling amid stalling user growth and rate-hike fears. Shares in digital ad-dependent Snap are set for a record one-day drop, down 32% in premarket […]

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Social Media

Snap Falls After Cutting Forecast, Shock Spreads to Rivals

(Bloomberg) — Snap Inc. cut its revenue and profit forecasts below the low end of its previous guidance, sending shares plunging as much as 31% and pushing other social media stocks down. The company will also slow hiring, filling 500 roles before the end of the year, Chief Executive Officer Evan Spiegel said in a […]

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Cathie Wood
Social Media
Twitter

Cathie Wood Sees Potential for Twitter Shakeup After Musk Takes Stake

(Bloomberg) — Cathie Wood speculated that Elon Musk’s new ownership stake in Twitter Inc. might open the door to a management shakeup at the social media company. Musk is sending a “strong signal” to Twitter chief executive officer Parag Agrawal, Wood, the founder and chief executive officer of Ark Investment Management LLC, said in an […]

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Elon Musk
Social Media
Twitter

Elon Musk Takes 9.2% Stake in Twitter After Hinting at Shake-Up

(Bloomberg) — Elon Musk has taken a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. Twitter shares surged about 26% in premarket trading after the regulatory filing released Monday detailing Musk buying the holding. The stake is worth about $2.89 […]

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Censorship
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Twitter

Dark Days Ahead for Twitter

Twitter Inc. (TWTR) traders bought the rumor and sold the news on Monday, bidding up the stock to a 2-week high after reports that CEO Jack Dorsey would step down and dumping positions aggressively after he announced his immediate departure.  The selloff made perfect sense, with Chief Technology Officer Parag Agrawal taking the helm, raising […]

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Social Media

Volatility Dead Ahead for Snap Shareholders

Snap Inc. (SNAP) reports Q3 2021 earnings after Thursday’s closing bell, with analysts looking for a profit of $0.08 per-share on $1.1 billion in revenue. If met, earnings-per-share (EPS) will mark an eightfold increase over the penny earned in the same quarter in 2020. The stock took off for the heavens after beating Q2 estimates […]

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Robinhood Shares Drop After Warning Trading Activity Is Slowing Down

Plus, Macy’s and Kohl’s reported earnings beats, the FTC filed a new antitrust complaint against Facebook, and Chipotle announced it is testing a new meatless chorizo in two markets.

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Snap Shares Surge On Strong Second Quarter Earnings Beat

Plus, Twitter also delivered a beat, Boston Beer cited disappointing demand for its hard seltzer as cause for its earnings results miss, and Alphabet launched a new robotics software startup.

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China
One Hot Stock
Social Media

Moxian, Inc. (MOXC) – Buy Price: $19.00 or better

Buy Price: $19.00 or better Sell Price: TradersPro Sell Signal Moxian, Inc. operates a social network platform that integrates social media and business into a single platform in China. The company’s products and services focuses on creating interaction between users and merchant clients by allowing merchant clients to study consumer behavior. It serves small and […]

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Fed’s Bullard Sees Interest Rate Increase Happening In 2022

Plus, Boeing’s largest 737 Max plane is expected to take its initial flight today, Morgan Stanley said Facebook remains its top social media stock pick, and Adobe delivered an earnings beat.

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US Economy

U.S. Job Creation Picked Up In May But Still Below Expectations

Plus, another Elon Musk tweet is sending Bitcoin lower today, Facebook was hit with two new antitrust probs, and Bill Ackman’s SPAC said it is in talks to buy 10% of Universal Music.

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Meme Stock Rollercoaster Continues With AMC & Express Dropping On Share Sale Announcements

Plus, United is buying 15 planes from Boom Supersonic, Twitter announced its new subscription service, and Ford is building a new small pickup truck.

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Bitcoin Sinks Below $40,000 After China Calls For Crackdown On Mining & Trading

Plus, Apple CEO Tim Cook is testifying in the company’s legal battle with Epic Games today, the U.S. called for a global minimum tax rate of 15%, and Snap is buying WaveOptics for $500 million.

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