SocialNewsBreaks Archive - Page 2 of 21

ThursdayMar 20, 2025 11:33 am

SocialNewsBreaks – Hello Group Inc. (NASDAQ: MOMO) Upgraded to ‘Buy’ by Huatai Securities With $11.69 Target

Hello Group (NASDAQ: MOMO), received an upgrade from Huatai Securities, which raised the stock's rating to "Buy" and set a target price of $11.69. The firm cited the company's strong user engagement and revenue growth potential as key factors in its revised outlook. Hello Group, known for its Momo and Tantan social networking platforms, continues to expand its influence in China's online dating and social discovery market. As of the latest trading session, Hello Group’s stock is priced at $6.77, reflecting a decrease of $0.14 (2.03%) from the previous close. To view the full article, visit https://ibn.fm/ZRmJe About Hello Group…

ThursdayMar 20, 2025 10:50 am

SocialNewsBreaks – Match Group Inc. (NASDAQ: MTCH) Faces Proxy Battle as Anson Funds Seeks Board Changes

Match Group (NASDAQ: MTCH), s confronting a proxy challenge from hedge fund Anson Funds, which plans to nominate directors to the company’s 10-member board. Anson, holding approximately 0.6% of Match Group’s shares as of December, has been advocating for over a year for the parent company of Tinder, Hinge, and OkCupid to reassess capital allocation, reduce costs, and evaluate its MG Asia business. The hedge fund has also expressed concerns about corporate governance and executive turnover, noting that Match Group has had four CEOs in five years. As of 10:30 AM EDT on March 20, 2025, Match Group’s stock is…

TuesdayMar 18, 2025 1:51 pm

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Acquires Cybersecurity Firm Wiz for $32 Billion

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) Google's parent company, has announced its largest acquisition to date, agreeing to purchase cybersecurity startup Wiz for $32 billion in an all-cash transaction. Wiz, founded in 2020, specializes in cloud security solutions that identify vulnerabilities across major platforms, including Amazon Web Services and Microsoft Azure. This strategic move aims to bolster Google's cloud security offerings and enhance its competitiveness in the cloud services market. As of 11:54 AM EST on March 18, 2025, Alphabet's stock (NASDAQ: GOOG) is trading at $161.79, reflecting a decrease of $4.78 (2.87%) from the previous close. To view the…

TuesdayMar 18, 2025 12:20 pm

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Faces 50% Stock Decline Amid Market Volatility

Trump Media & Technology Group (NASDAQ: DJT) has experienced a significant downturn, with its stock price plummeting 50% since President Donald Trump's inauguration. The shares closed at a five-month low of $19.17 last week, reflecting broader market challenges. As of 11:48 AM EST on March 18, 2025, DJT's stock is trading at $20.06, reflecting a decrease of $0.50 (2.43%) from the previous close. To view the full article, visit https://ibn.fm/ZO2Dh About Trump Media & Technology Group Corp. Trump Media & Technology Group Corp. is a media and technology company founded by former President Donald Trump. The company aims to…

WednesdayMar 12, 2025 2:49 pm

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Unveils Gemma 3 AI Model Optimized for Single-Chip Performance

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has introduced Gemma 3, a collection of lightweight, state-of-the-art open models designed to run efficiently on devices ranging from smartphones to workstations. Built from the same research and technology that powers Google’s Gemini 2.0 models, Gemma 3 supports over 140 languages and offers advanced text and visual reasoning capabilities. Notably, it features a 128k-token context window and supports function calling for complex tasks, making it ideal for single-GPU or TPU applications. Alphabet’s stock is currently trading at approximately $166, reflecting a slight increase from the previous close. The stock reached a high of about $169…

WednesdayMar 12, 2025 2:43 pm

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Underperforms Amid Market Fluctuations

Snap (NYSE: SNAP) has recently experienced stock underperformance compared to its competitors. On March 11, 2025, the stock opened at $9.00, reached a high of $9.19, and closed at $8.86, reflecting a decline of approximately 2.88% from the previous day. As of 1:08 PM EST on March 12, 2025, Snap's stock is trading at $8.92, reflecting a slight increase of $0.06 (0.68%) from the previous close. The stock has fluctuated between an intraday high of $9.14 and a low of $8.78. To view the full article, visit https://ibn.fm/PHsIw About Snap Inc. Snap Inc. is a technology company that specializes in…

TuesdayMar 11, 2025 3:03 pm

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Faces Significant Stock Decline, Impacting Donald Trump’s Net Worth

Trump Media & Technology Group (NASDAQ: DJT) has experienced a substantial stock decline, leading to a significant reduction in former President Donald Trump's net worth. Since its peak in March 2024, DJT's stock has fallen by over 65%, reducing Trump's net worth from an estimated $6.5 billion to $4.3 billion by August 2024. As of March 11, 2025, DJT's stock is trading at $19.80, reflecting a decrease of approximately 50% since President Trump's inauguration. To view the full article, visit: https://ibn.fm/uIeWl About Trump Media & Technology Group Trump Media & Technology Group (TMTG) is an American media and…

TuesdayMar 11, 2025 1:50 pm

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Faces Allegations in Former Executive’s Memoir

Meta Platforms (NASDAQ: META) is under scrutiny following allegations detailed in a memoir by former director of global public policy Sarah Wynn-Williams. The book, Careless People: A Cautionary Tale of Power, Greed, and Lost Idealism, claims former COO Sheryl Sandberg engaged in inappropriate behavior, including lavish spending and questionable workplace interactions. Additionally, Wynn-Williams accuses Meta’s Chief Global Affairs Officer Joel Kaplan of sexual harassment, alleging a pattern of misconduct that she says was ignored internally. Meta has denied the allegations, stating that prior investigations found no wrongdoing and that Wynn-Williams was terminated for performance-related issues. As of the latest trading…

ThursdayMar 06, 2025 2:48 pm

SocialNewsBreaks – Snap Inc. (NYSE: SNAP) Faces Stock Decline Amidst Profitability Concerns

Snap (NYSE: SNAP) has experienced a 7.9% decrease in its stock price since its last earnings report. Despite reporting a fourth-quarter profit of 1 cent per share and a 14% year-over-year revenue increase to $1.56 billion, concerns have arisen due to the company's plans to increase investments in 2025, potentially delaying profitability. As of 1:25 PM EST on March 6, 2025, Snap shares were trading at $9.70, down 0.85% from the previous close. To view the full article, visit https://ibn.fm/bouIC About Snap Inc. Snap Inc. (NYSE: SNAP) is a technology company that offers Snapchat, a multimedia messaging app, and Spectacles,…

ThursdayMar 06, 2025 1:50 pm

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Faces Criticism Over ‘Do-Not-Rehire’ Lists Amidst Ongoing Layoffs

Meta Platforms (NASDAQ: META) has come under scrutiny for maintaining internal "do-not-rehire" lists that prevent certain former employees from returning to the company, even those with strong performance records. Reports indicate that managers have the discretion to add individuals to these lists without documented performance issues, leading to concerns about transparency and fairness. This practice has raised alarms about potentially diminishing Meta's talent pool, especially as the company undergoes significant layoffs aimed at reducing "low-performing" staff by 5% to focus on artificial intelligence initiatives. As of 1:42 PM EST on March 6, 2025, Meta's stock was trading at $633.22, down…

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