News Archives - Page 5 of 21 - SocialMediaRelations

TuesdayFeb 18, 2025 8:30 am

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Moves to Challenge Nvidia (NASDAQ: NVDA) With Potential AI Chip Acquisition

Meta Platforms (NASDAQ: META) is reportedly in discussions to acquire South Korean chip startup FuriosaAI, a move that could challenge Nvidia’s (NASDAQ:NVDA) dominance in AI hardware. FuriosaAI specializes in inference chips designed for artificial intelligence models, and this potential acquisition aligns with Meta’s strategy to enhance its in-house AI capabilities, reducing reliance on external suppliers like Nvidia. This development comes as Meta continues its impressive stock rally, with shares rising consistently over the past weeks. As of 7:12 AM ET on Feb. 18, Meta Platforms’ stock is trading at $736.67, reflecting an increase of $8.06 (1.11%) from the previous close.…

FridayFeb 14, 2025 11:30 am

SocialNewsBreaks – Hello Group Inc. (NASDAQ: MOMO) Receives ‘Hold’ Consensus from Analysts

Hello Group (NASDAQ: MOMO) has been assigned a consensus rating of "Hold" by six brokerage firms, with an average twelve-month price target of $8.25. The ratings comprise two "sell," two "hold," and two "buy" recommendations. As of February 14, 2025, Hello Group's stock is trading at $8.14, reflecting an increase of 3.96% from the previous close. The day's trading range has been between $7.84 and $8.30. To view the full article, visit https://ibn.fm/b8hHA About Hello Group Inc. Hello Group Inc. provides mobile-based social and entertainment services in China. Operating through segments like Momo, Tantan, and QOOL, the company offers applications…

FridayFeb 14, 2025 11:18 am

SocialNewsBreaks – Pinterest Inc. (NYSE: PINS) Sees Bullish Outlook Amid Strong User Growth

Pinterest (NYSE:PINS) has garnered positive attention from investors due to its impressive user growth and revenue expansion. The company reported a record 553 million global monthly active users, an 11% increase year-over-year, and achieved $1.15 billion in revenue, marking an 18% rise from the previous year. Analysts highlight Pinterest's effective advertising strategies and enhanced user engagement as key drivers of this growth. As of February 14, 2025, Pinterest's stock is trading at $39.13, reflecting a slight increase of 0.1% from the previous close. The day's trading range has been between $39.00 and $39.20. To view the full article, visit https://ibn.fm/h3Clz…

FridayFeb 14, 2025 11:00 am

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Faces Market Volatility Amid Investor Concerns

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, is experiencing significant stock volatility. The company's stock has seen substantial fluctuations, with a 52-week range between $11.75 and $79.38. Analysts attribute this instability to the company's limited revenue streams and heavy reliance on former President Donald Trump's personal brand. Recent reports indicate that DJT has a Smart Score of 1, suggesting an underperforming outlook based on various data sets. As of February 14, 2025, Digital World Acquisition Corp. (NASDAQ:DWAC), the special-purpose acquisition company associated with Trump Media, is trading at $30.79, reflecting a slight increase of…

ThursdayFeb 13, 2025 12:45 pm

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Opens Facebook Marketplace to Rival Classified Ad Providers

Meta Platforms (NASDAQ: META) announced that it will allow competing classified ad service providers to list their ads on Facebook Marketplace. This move comes three months after the company was fined €797 million by the European Commission for giving its own service an unfair advantage. The new initiative, called the Facebook Marketplace Partner Program, enables third-party online classified ad service providers to display their consumer-to-consumer inventory alongside other third-party and Facebook user listings. Meta has already tested this program in Germany, France, and the United States with eBay. As of February 13, 2025, Meta's stock is trading at $723.52, down…

ThursdayFeb 13, 2025 11:50 am

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Faces Potential Lawsuit From Mexico Over Gulf of Mexico Name Change

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) may face a civil lawsuit from Mexico after Google renamed the “Gulf of Mexico” to the “Gulf of America” for U.S. users on Google Maps. Mexican President Claudia Sheinbaum criticized the change, stating that the internationally recognized name is “Gulf of Mexico” and that the U.S. has no authority to enforce such a renaming beyond its territorial waters. Sheinbaum urged Google to reverse the decision, warning that Mexico could take legal action if the company does not comply. As of the latest trading session, Alphabet Inc. (NASDAQ:GOOGL) is trading at $2,950.00 per share, reflecting a…

WednesdayFeb 12, 2025 11:35 am

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Prices $1.5 Billion Senior Notes Due 2033

Snap (NYSE: SNAP) has announced the pricing of $1.5 billion in aggregate principal amount of 6.875% senior notes due 2033 in a private offering. The sale is expected to close on February 14, 2025, subject to customary closing conditions. The company plans to use the net proceeds to repurchase portions of its outstanding convertible senior notes due 2026, 2027, and 2028, with the remainder allocated for general corporate purposes. As of 10:27 AM EST on February 12, 2025, Snap Inc. (NYSE: SNAP) shares are trading at $10.735, down 0.01242% from the previous close. The day's trading range has been between…

MondayFeb 10, 2025 10:50 am

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) to Cut Workforce While Accelerating AI Hiring

Meta Platforms (NASDAQ: META) the parent company of Facebook, is set to begin company-wide layoffs on Feb. 10, 2025, while fast-tracking the recruitment of machine learning engineers, according to internal memos cited by Reuters. The cuts, which aim to eliminate the bottom 5% of employees, could impact around 3,600 positions from Meta’s 72,000-strong workforce as of September 2024. While layoffs will affect most countries, employees in Germany, France, Italy, and the Netherlands will be exempt due to local regulations. Despite the reductions, Meta is prioritizing investments in artificial intelligence, allocating billions of dollars to AI-related infrastructure. As of Feb. 10,…

FridayFeb 07, 2025 12:55 pm

SocialNewsBreaks – Pinterest Inc. (NYSE: PINS) Surges After Record-Breaking Quarter

Pinterest (NYSE:PINS) reported its first-ever billion-dollar revenue quarter, achieving $1.15 billion in Q4 2024, an 18% increase year-over-year. The platform’s global monthly active users grew by 11% to reach 553 million. CEO Bill Ready highlighted the platform’s increasing engagement and effectiveness for both users and advertisers. As of Feb. 7, 2025, Pinterest’s stock is trading at $39.51, up 17.6% from the previous close, with an intraday high of $41.24. To view the full article, visit https://ibn.fm/w7pyn About Pinterest Pinterest is a visual discovery engine that enables users to find inspiration for various aspects of their lives, including recipes, home decor, and fashion…

ThursdayFeb 06, 2025 12:16 pm

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Boosts Investment in AI and Wearables

Meta Platforms Inc. (NASDAQ: META) is making significant strides in the tech industry by ramping up its investment in artificial intelligence and wearables. The company plans to increase its annual capital investment to between $60 billion and $65 billion by 2025. This strategic move aims to enhance creator tools within its ecosystem, which advertisers use to create marketing materials and run ad campaigns. Meta is also deploying more of its custom ASICs, known as MTIA, in its data centers. This initiative is designed to improve the total cost of ownership for its computing needs, demonstrating Meta's commitment to embracing the…

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