SocialNewsBreaks Archive - SocialMediaRelations

FridayOct 11, 2024 11:12 am

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Takes Action Against Misinformation

Meta Platforms Inc. (NASDAQ: META) is a leading technology company known for its social media platforms, including Facebook and Instagram. The company is actively involved in maintaining the integrity of its platforms by combating misinformation and fake accounts. Recently, Meta took significant action against a network of fake accounts targeting Russian-speakers in Moldova, especially in light of the upcoming presidential election on October 20. Meta's operation involved removing seven Facebook accounts, 23 pages, one group, and 20 Instagram accounts. These accounts were part of a coordinated effort to pose as independent Russian-language news brands. They spread criticism of Moldova's pro-Western…

ThursdayOct 10, 2024 10:03 am

SocialNewsBreaks – Sprout Social Inc. (NASDAQ: SPT) to Unveil Q3 2024 Financial Performance on November 7

Sprout Social Inc. (NASDAQ: SPT), a leader in cloud-based social media management software, will announce its financial results for the third quarter ending September 30, 2024, after market close on Thursday, November 7, 2024. The company will host a conference call and webcast at 4:00 p.m. CT (5:00 p.m. ET) on the same day to discuss the results and business highlights. Interested parties can register for the event and access the live webcast through Sprout Social’s investor relations website, where a replay will remain available for 12 months. To view the full press release, visit https://ibn.fm/LpwvW About Sprout Social Sprout…

WednesdayOct 09, 2024 11:57 am

SocialNewsBreaks – Shares of Trump Media & Technology Group Corp. (NASDAQ: DJT) Surge Following Presidential Campaign Event

Shares of Trump Media & Technology Group Corp. (NASDAQ: DJT), the operator of Truth Social, have recently experienced a notable surge, climbing up to 19%. This marks the company's longest rally since June, with gains extending for the fourth consecutive day. The rally gained momentum following a presidential campaign event held by Donald Trump, the majority owner of Trump Media, alongside Tesla CEO Elon Musk in Pennsylvania. Trump Media is known for its social media platform, Truth Social, which aims to provide an alternative to mainstream social media networks. Despite the recent rally, the current price of DJT is approximately…

TuesdayOct 08, 2024 11:10 am

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Faces New Market Challenges

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) is the parent company of Google, a global leader in technology and internet services. Google is renowned for its search engine, advertising services, and the Google Play Store, a major app distribution platform. The company faces competition from other tech giants like Apple and Amazon. A recent ruling by a federal judge in San Francisco mandates that Alphabet must lift restrictions that hinder developers from creating rival marketplaces and billing systems to compete with the Google Play Store. This decision, as reported by Tom Mackenzie on Bloomberg Television, could reshape Google's business model by…

MondayOct 07, 2024 10:54 am

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Quarterly Conference Call Announcement

Snap Inc. (NYSE: SNAP) is gearing up for its quarterly conference call to discuss the financial outcomes for the third quarter of 2024. This significant event is scheduled for Tuesday, October 29, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). As a leading technology entity, Snap Inc. focuses on revolutionizing communication and self-expression through innovative camera technology, aiming to foster human progress. Interested parties can access the conference call via a live webcast, with a replay being available on Snap Inc.'s Investor Relations website for a minimum of 90 days. Currently, SNAP's stock price is $10.62, marking a…

FridayOct 04, 2024 11:42 am

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Navigating Leadership Changes and Legal Battles

Trump Media & Technology Group Corp. (NASDAQ: DJT), known for its association with former President Donald Trump, is navigating significant changes. The company's Chief Operating Officer, Andrew Northwall, resigned in late September. This comes as Donald Trump transfers more shares to a SPAC investor, amidst an ongoing court battle. These developments could impact the company's strategic direction and investor confidence. The stock is currently trading at $16.35, marking a 1.13% increase or $0.18. This price movement reflects investor reactions to recent company news. During the trading day, DJT's price has varied between $15.74 and $16.49, indicating some volatility in the…

ThursdayOct 03, 2024 10:52 am

SocialNewsBreaks – Sprout Social Inc. (NASDAQ: SPT) Announces Strategic Partnership with Carahsoft Technology Corp.

Sprout Social Inc. (NASDAQ: SPT) is a prominent provider of cloud-based social media management software. The company has recently announced a strategic partnership with Carahsoft Technology Corp., positioning itself as a NASPO-approved vendor. This collaboration enhances Sprout Social's accessibility to government agencies through the NASPO ValuePoint Cloud Solutions Contract, managed by Carahsoft. This contract facilitates the procurement of Sprout Social's comprehensive suite of solutions, including publishing, engagement, customer care, advocacy, and AI-powered business intelligence, for state and local government agencies. Ryan Barretto, President and incoming CEO of Sprout Social, underscores the importance of social media as a tool for government…

WednesdayOct 02, 2024 10:38 am

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Partners with UK Banks to Enhance Fraud Detection

Meta Platforms Inc. (NASDAQ: META), the parent company of Facebook, has enhanced its fraud detection capabilities by partnering with NatWest and Metro Bank in the UK. This collaboration, known as the Fraud Intelligence Reciprocal Exchange (FIPE), allows British banks to share crucial information directly with Meta, aiding in the identification and elimination of scam accounts. This initiative is part of Meta's broader efforts to combat fraud across its platforms, including Facebook, Instagram, and WhatsApp. The FIPE initiative has already shown significant results, with 20,000 fraudulent accounts linked to a concert ticket scam network being taken down. This partnership is a…

TuesdayOct 01, 2024 10:45 am

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) to Invest $1 Billion in Thailand’s Digital Infrastructure

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) has announced plans to invest $1 billion in Thailand to build digital infrastructure, including a new data center. This significant investment is expected to support 14,000 jobs in the country. The new hubs will be located in Bangkok and the industrial area of Chonburi, aiming to meet the growing demand for cloud computing in Southeast Asia. Ruth Porat, president and chief investment officer of Google and its parent company Alphabet, stated, "These investments will empower Thai businesses, innovators, and communities to harness the power of cloud and AI technology." The details of the investment…

MondaySep 30, 2024 10:51 am

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Unveils New Spectacles: A Potential Financial Game-Changer

Snap Inc. (NYSE: SNAP), known for its popular social media platform Snapchat, has recently unveiled a new version of its Spectacles. This move is generating buzz for its potential to transform an innovative product into a financial win for the company. Snap has often been at the forefront of blending hardware and software, but turning these innovations into profit has been a challenge. The latest Spectacles could be a game-changer, leveraging Snap's unique position in the market. The company's ability to create products that stand out, both in terms of hardware and software, is noteworthy. Snap's operating system is designed…

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