Meta Platforms, Inc. (META) Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. Marvell Technology, Inc. (MRVL) Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions, spanning the data center […]
Read MoreMeta Platforms, Inc. (META) Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. Manhattan Associates, Inc. (MANH) Manhattan Associates, Inc. develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, […]
Read MoreMeta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs.
Read MoreStevanato Group S.p.A. (STVN) Stevanato Group S.p.A. engages in the design, production, and distribution of products and processes to provide integrated solutions for biopharma and healthcare. JOYY Inc. (YY) JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video-based social platforms. Alphabet Inc. (GOOG) Alphabet Inc. […]
Read More(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 […]
Read More(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 […]
Read More(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 […]
Read More(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 […]
Read More(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 […]
Read More(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 […]
Read MoreTwitter 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 […]
Read MoreSnap 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 […]
Read MorePlus, 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.
Read MorePlus, 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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