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WednesdayMay 29, 2024 11:28 am

SocialNewsBreaks – Hello Group Inc. (NASDAQ: MOMO) Faces Revenue Decline but Stock Surges

Hello Group Inc. (NASDAQ: MOMO), a key player in China's bustling online social networking scene, recently shared its financial performance for the first quarter of 2024. The company, known for its innovative platforms that connect millions across mainland China, faced a downturn in its revenue, reporting a 9.2% decrease year over year. This dip in net revenues, which totaled about 2.56 billion RMB (approximately $354.6 million), highlights the intense competition and challenges Hello Group is navigating in its sector. Despite the decline in revenue, MOMO's stock experienced a notable uptick, surging by 10.85% to $5.365. This increase is significant, especially…

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FridayMay 24, 2024 12:57 pm

SocialNewsBreaks – Leading Tech Companies, including Match Group Inc. (NASDAQ: MTCH), Form Coalition to Combat Pig Butchering Scams

On May 21, 2024, leading tech companies including Match Group, Coinbase, Meta, and Ripple announced the formation of a new coalition named "Tech Against Scams." This coalition aims to combat online fraud and pig butchering scams by leveraging cross-industry collaboration to identify and disrupt these criminal activities. By sharing threat insights and best practices, the coalition seeks to enhance user protection across various internet services. The initiative highlights the importance of a united approach to tackle sophisticated financial scams and support global law enforcement efforts. To view the full press release, visit https://ibn.fm/nbxW0 About Match Group Inc. Match Group Inc.…

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WednesdayMay 22, 2024 3:58 pm

SocialNewsBreaks – Pinterest Inc. (NYSE: PINS) Reports Q1 2024 Revenue Surge of 23%, Surpasses Half a Billion Monthly Active Users

Pinterest Inc. (NYSE: PINS) recently announced its financial results for the first quarter of 2024, reporting a 23% increase in revenue year-over-year, reaching $740 million. The company also achieved a milestone of over half a billion monthly active users globally. This strong performance exceeded analyst expectations by $40 million. CEO Bill Ready emphasized the company’s focus on leveraging artificial intelligence to enhance user engagement and drive growth, particularly among Gen Z users. Pinterest's strategies include expanding its shoppable features to provide a more seamless eCommerce experience on the platform. To view the full press release, visit https://ibn.fm/5hXUH About Pinterest Inc.…

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WednesdayMay 22, 2024 3:50 pm

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Reports Robust Q1 2024 Financial Results with 27% Revenue Growth

Meta Platforms Inc. (NASDAQ: META) released its Q1 2024 financial results on April 24, 2024, reporting strong performance across its Family of Apps and significant progress in AI and Reality Labs initiatives. The company posted a revenue of $36.46 billion, a 27% increase from the previous year, and a net income of $12.37 billion. CEO Mark Zuckerberg highlighted the continued momentum in app growth and advancements in AI and virtual reality as key drivers of their success this quarter. To view the full press release, visit https://ibn.fm/aQyBm About Meta Meta builds technologies that help people connect, find communities, and grow…

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WednesdayMay 22, 2024 3:41 pm

SocialNewsBreaks – Match Group Inc. (NASDAQ: MTCH) Exceeds Q1 2024 Expectations with Higher EPS and Revenue Growth

Match Group Inc. (NASDAQ: MTCH) reported its Q1 2024 financial results on May 7, 2024. The company achieved earnings per share (EPS) of $0.44, surpassing the analyst estimate of $0.40. Additionally, Match Group's revenue for the quarter was $859.65 million, slightly above the projected $855.54 million. The results reflect a 9% year-over-year increase, driven by strong performance from its portfolio of dating apps, including Tinder and Hinge. To view the full press release, visit https://ibn.fm/sNFN5 About Match Group Match Group, through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Our global…

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WednesdayMay 22, 2024 3:32 pm

SocialNewsBreaks – Hello Group Inc. (NASDAQ: MOMO) to Announce Q1 2024 Financial Results on May 28

Hello Group Inc. (NASDAQ: MOMO) announced that it will release its unaudited financial results for the first quarter of 2024 on May 28, 2024, before the U.S. markets open. The company's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on the same day to discuss the results. Hello Group continues to be a leading player in China's online social networking space, offering various applications like Momo and Tantan to connect users based on location, interests, and social activities. To view the full press release, visit https://ibn.fm/UaGCz About Hello Group Inc. We are a leading player…

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TuesdayMay 21, 2024 1:14 pm

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Reports Robust Q1 2024 Financial Results with 15% Revenue Growth

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) recently released its Q1 2024 financial results, reporting revenue of $80.5 billion, which is a 15% increase year-over-year and surpasses the estimated $78.59 billion. The company's net income was $23.66 billion, significantly exceeding expectations. Alphabet's CEO, Sundar Pichai, highlighted the ongoing strength in Google Search and the growing contributions from YouTube and Cloud services as key drivers of this performance. The company continues to focus on innovation and expanding its AI capabilities to enhance user experience and business operations. To view the full press release, visit https://ibn.fm/xGGSA About Alphabet Inc. Alphabet is a collection…

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