SocialNewsBreaks Archive - Page 7 of 24

ThursdayFeb 20, 2025 11:40 am

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) and Rumble Sue Brazilian Judge Over Alleged Censorship

Trump Media & Technology Group (NASDAQ: DJT), the owner of Truth Social, and video platform Rumble have filed a lawsuit against Brazilian Supreme Court Justice Alexandre de Moraes in a U.S. federal court in Tampa, Florida. The suit alleges that de Moraes violated First Amendment rights by ordering the suspension of U.S.-based accounts of Brazilian right-wing influencer Allan dos Santos, who resides in the United States. This legal action coincides with de Moraes receiving an indictment against former Brazilian President Jair Bolsonaro, accusing him of leading a plot to retain power after his 2022 election defeat. The plaintiffs seek a…

ThursdayFeb 20, 2025 11:30 am

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Expands AR Investment in MENA Region

Snap (NYSE: SNAP) is enhancing its presence in the Middle East and North Africa (MENA) by investing in augmented reality (AR) initiatives. At Web Summit Qatar 2025, attendees will experience an immersive AR journey showcasing Snap's technological evolution. Additionally, Snap has partnered with Virginia Commonwealth University School of Arts Qatar to train 50 students in AR development, fostering local talent. This expansion aligns with Snap's commitment to innovation and community engagement in the region. As of 10:12 a.m. EST on February 20, 2025, Snap Inc.'s stock is trading at $10.63, with an intraday high of $10.83 and a low of…

WednesdayFeb 19, 2025 12:00 pm

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

Snap (NYSE: SNAP) has announced the pricing of $1.5 billion in aggregate principal amount of 6.875% senior notes set to mature on March 1, 2033. The company plans to utilize approximately $1.445 billion of the net proceeds to repurchase outstanding convertible senior notes due between 2026 and 2028, with the remaining funds allocated for general corporate purposes. Additionally, Snap has amended its existing revolving credit facility, extending $800 million of the facility to February 12, 2030, while $250 million will mature on May 6, 2027. As of 10:02 AM EST on February 19, 2025, Snap's stock is trading at $10.81,…

WednesdayFeb 19, 2025 11:35 am

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Ends 20-Day Winning Streak Amidst AI Investment Surge

Meta Platforms (NASDAQ: META) concluded a remarkable 20-day winning streak, with shares closing 2.8% lower at $716.37 on Tuesday. This dip follows the company's announcement of plans to invest between $60 billion and $65 billion in artificial intelligence infrastructure for 2025, surpassing analysts' expectations. Despite the increased spending, Meta's stock has risen approximately 22% since the start of the year, driven by strong earnings and resilience against external challenges. As of 9:28 AM EST on February 19, 2025, Meta's stock is trading at $716.37, reflecting a decrease of $20.34 (2.76%) from the previous close. Today's trading range has been between…

WednesdayFeb 19, 2025 11:25 am

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Raises $450 Million Through Share Sale to Yorkville Advisors

Trump Media & Technology Group (NASDAQ: DJT), the owner of Truth Social, secured $450 million by selling shares to Yorkville Advisors, a New Jersey-based investment firm. The deal represents more than half of the company’s cash on hand, reinforcing its liquidity ahead of a potential public listing. TMTG’s reliance on this financing structure signals its strategic push to sustain operations and expand its digital media presence. As of 10:05 AM EST on Feb. 19, 2025, shares of Trump Media & Technology Group (NASDAQ:DJT) are trading at $29.34, reflecting a modest increase of $0.11 (0.38%) from the previous close. Today’s trading…

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.…

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