SocialNewsBreaks Archive - Page 6 of 23

WednesdayFeb 19, 2025 9:55 am

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Sees Increased Stake as Hendershot Investments Adds Shares

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) received increased investment from Hendershot Investments Inc., which boosted its holdings by 0.4% in the fourth quarter. The firm acquired an additional 876 shares, bringing its total stake to 201,606 shares valued at approximately $38.16 million. Alphabet now represents 5.2% of Hendershot’s portfolio, making it the firm's third-largest holding. As of 7:39 AM EST on Feb. 19, 2025, Alphabet shares are trading at $183.77, down $1.49 (0.80%) from the previous close. To view the full article, visit https://ibn.fm/ZN4L3 About Alphabet Inc. Alphabet is a collection of businesses, the largest of which is Google. Google includes…

TuesdayFeb 18, 2025 12:22 pm

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Enhances Ad Offerings and AI Integration to Boost Revenue

Snap (NYSE: SNAP) is introducing new advertising formats, including Sponsored Snaps and Promoted Places, to increase ad inventory and drive revenue growth. The company is also investing in artificial intelligence and augmented reality technologies to enhance user engagement and offer more sophisticated ad targeting options. These initiatives aim to attract advertisers seeking innovative ways to reach Snap's predominantly young user base. As of February 18, 2025, Snap Inc.'s stock is trading at $10.85, reflecting a decrease of $0.42 (3.73%) from the previous close. The company's market capitalization stands at approximately $18.41 billion. To view the full article, visit https://ibn.fm/x9RvD About…

TuesdayFeb 18, 2025 11:24 am

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Reports $400 Million Loss Amid Revenue Decline

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, reported a net loss of $400.9 million for the fiscal year 2024, with annual revenue decreasing by 12% to $3.6 million. The company attributed part of these losses to a revenue-sharing agreement with an undisclosed advertising partner. Following his presidential election victory in November, Donald Trump transferred his shares, valued at approximately $4 billion, to the Donald J. Trump Revocable Trust, with Donald Trump Jr. as the sole trustee. The company, citing its early development stage, does not disclose traditional performance metrics. Trump Media became publicly traded…

TuesdayFeb 18, 2025 9:35 am

SocialNewsBreaks – Hello Group Inc. (NASDAQ: MOMO) to Announce Q4 and Fiscal Year 2024 Results on March 12, 2025

Hello Group (NASDAQ: MOMO), a leading player in mainland China's online social networking space, has scheduled the release of its fourth quarter and fiscal year 2024 financial results for March 12, 2025. The company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day to discuss the results. As of February 18, 2025, Hello Group's stock is trading at $7.91, reflecting an increase of $0.08 (1.02%) from the previous close. The day's trading range has been between $7.83 and $8.30, with a 52-week range of $4.79 to $8.30. The…

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…

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