SocialNewsBreaks Archive - Page 7 of 22

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…

WednesdayFeb 05, 2025 11:20 am

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Reports Strong 2024 Growth Fueled by AI, Cloud, and Advertising Expansion

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) reported its financial results for the fourth quarter and full year of 2024, showcasing strong revenue growth driven by increased advertising sales and continued momentum in its cloud segment. The company posted total revenue of $86.3 billion for the quarter, reflecting a 15% year-over-year increase. Google Cloud revenue surged by 26% to $10.4 billion, while YouTube ad revenue also saw notable gains. CEO Sundar Pichai highlighted ongoing investments in artificial intelligence as a key driver for future innovation and growth across Alphabet’s portfolio. To view the full press release, visit https://ibn.fm/rR8Ob About Alphabet Inc.…

TuesdayFeb 04, 2025 12:57 pm

SocialNewsBreaks – Alphabet Inc.’s (NASDAQ: GOOGL) (NASDAQ: GOOG) Upcoming Earnings Report: A Look at Expectations and Market Position

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) is the parent company of Google, a global leader in technology and digital services. The company is set to release its fourth-quarter earnings, with Wall Street analysts expecting revenue of $96.56 billion and earnings per share of $2.13. Alphabet competes with other tech giants like Amazon, Apple, and Microsoft. Currently, GOOGL's stock is priced at $205.05, showing a 1.90% increase, or $3.82, from previous levels. This price movement indicates positive investor sentiment ahead of the earnings report. The stock's fluctuation between $202.82 and $206.68 during the trading day highlights its volatility, with $206.68 being…

MondayFeb 03, 2025 9:37 am

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Faces Market Challenges but Shows Growth Potential

Snap Inc. (NYSE: SNAP) is a social media company known for its popular app, Snapchat, which allows users to send photos and videos that disappear after being viewed. Despite facing competition from platforms like TikTok, Snapchat has maintained a strong user base. The company is currently navigating a challenging market environment, with its shares experiencing a 13% decline since December. Snapchat's stock is trading at $11.12, reflecting a recent decrease of 1.51% or $0.17. The stock has shown volatility, with daily fluctuations between $10.96 and $11.43. Over the past year, SNAP has seen a high of $17.50 and a low…

FridayJan 31, 2025 10:58 am

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Expands into FinTech with Truth.Fi Launch

Trump Media & Technology Group Corp. (NASDAQ: DJT), known for its media ventures, is expanding into the financial services and FinTech sector with the launch of Truth.Fi. This platform will focus on cryptocurrency and customized exchange-traded funds (ETFs). It will offer separately managed accounts, ETFs, and bitcoin investments. Charles Schwab will provide advisory services on investments and strategy. Trump Media plans to invest up to $250 million of its $750 million assets with Schwab. The launch of Truth.Fi aligns with Trump Media's broader strategy to create an ecosystem that protects Americans from threats like cancellation and censorship. CEO Devin Nunes…

ThursdayJan 30, 2025 10:45 am

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Surpasses Market Expectations with Strong Q4 Earnings

Meta Platforms Inc. (NASDAQ: META) is a leading technology company known for its popular social media platforms, Facebook and Instagram. The company recently reported its fourth-quarter earnings for 2024, surpassing market expectations. Meta achieved earnings per share (EPS) of $8.02, exceeding the analyst estimate of $6.76. The company's revenue for the quarter reached $48.39 billion, surpassing the anticipated $46.99 billion. Meta's strong performance is largely attributed to advancements in artificial intelligence (AI), which have significantly bolstered its core advertising business. The Family of Apps, which includes Facebook, Instagram, WhatsApp, and Messenger, generated total revenue of $47.3 billion, marking a year-over-year…

WednesdayJan 29, 2025 11:38 am

SocialNewsBreaks – PayPal Holdings Inc. (NASDAQ: PYPL) and Venmo Mobilize to Support Los Angeles Wildfire Relief Efforts

In response to the devastating wildfires in Los Angeles, PayPal Holdings Inc. (NASDAQ: PYPL) and its customers have collectively raised $1.65 million to aid relief efforts. PayPal has committed to matching 100% of donations up to $1 million, with individual contributions matched up to $1,000 per donor until February 12, 2025. The funds are directed to organizations such as the California Community Foundation's Wildfire Relief Fund, which provides immediate and long-term support to affected individuals and communities. Additionally, PayPal's subsidiary, Venmo, has announced further support for FireAid initiatives, enabling users to contribute directly through the Venmo app. This initiative aims…

TuesdayJan 28, 2025 12:13 pm

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Appeals Record EU Antitrust Fine Amid Regulatory Scrutiny

Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG), through Google, is currently appealing a significant antitrust fine imposed by the European Union. The fine, amounting to €4.3 billion (approximately $4.5 billion), is the largest ever levied by the EU. The case, which began in 2018, accuses Google of using its market power to maintain dominance in the search engine sector. This involves requiring handset manufacturers to pre-install Google Search and Chrome to access the Play Store, offering financial incentives for pre-installation, and restricting the use of unapproved Android versions. EU lawyers argue that Google used a "carrot and stick strategy" to control…

MondayJan 27, 2025 11:38 am

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Under FTC Scrutiny Over AI-Powered Chatbot

Snap Inc. (NYSE: SNAP), the parent company of the widely-used social media platform Snapchat, is currently facing an investigation by the Federal Trade Commission (FTC). The probe centers around Snap's AI-powered chatbot, My AI, which is integrated within Snapchat and has raised concerns about potential risks to young users. This has led to a complaint being referred to the Department of Justice, marking a significant development in the ongoing scrutiny of AI technologies and their impact on user safety. Snap has responded to the FTC's allegations by highlighting what it perceives as inaccuracies in the complaint and a lack of…

FridayJan 24, 2025 12:04 pm

SocialNewsBreaks – Trump Media & Technology Group Corp.’s (NASDAQ: DJT) Market Activity Amid Political Changes

Trump Media & Technology Group Corp. (NASDAQ: DJT), known for its ownership of the Truth Social platform, is experiencing notable market activity. The company, which has been a focal point for investors due to its association with President Donald Trump, is navigating a volatile stock environment. Despite recent fluctuations, DJT remains a significant player in the media and technology sector. In the wake of President Trump's return to office, DJT shares have seen a 10% decline, trading around $36. This drop is part of a broader trend, with prices falling from January highs above $40 and pre-election peaks over $50.…

SocialMediaRelations covers companies, platforms, and events across social media channels.

Contact us: 512.354.7000

CurrencyNewsBreaks