SocialNewsBreaks Archive - Page 3 of 21

TuesdayMar 04, 2025 12:54 pm

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Stock Price Down 4.3% Following Insider Selling

Meta Platforms (NASDAQ: META) saw its stock decline by 4.3% following insider selling activity. Chief Product Officer Christopher K. Cox sold 20,000 shares on Feb. 27 at an average price of $677.71, totaling approximately $13.55 million. The sale reduced Cox’s holdings by 6.08%, leaving him with 308,686 shares. Investors reacted to the transaction, contributing to the stock’s downward movement. As of the latest trading session, Meta shares traded at $629.50, down 3.9% on the day. The stock reached an intraday high of $657.50 and a low of $623.66. To view the full article, visit https://ibn.fm/li5pW About Meta Platforms Inc. Meta…

TuesdayMar 04, 2025 1:35 am

SocialNewsBreaks – Match Group Inc. (NASDAQ: MTCH) Promotes Hesam Hosseini to COO; President Gary Swidler to Step Down

Match Group (NASDAQ: MTCH), has announced significant executive changes, promoting Hesam Hosseini to Chief Operating Officer effective April 1, 2025. Hosseini, who has been with the company since 2008, currently serves as CEO of Evergreen & Emerging Brands within Match Group. In his new role, he will focus on driving growth and execution across the company's global portfolio. Concurrently, Gary Swidler will step down as President on April 1 and continue as an advisor until July 4, 2025, marking the end of his decade-long tenure during which he played a pivotal role in taking the company public and driving strategic…

ThursdayFeb 27, 2025 12:20 pm

SocialNewsBreaks – Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) Ranked Among Top Magic Formula Stocks for 2025

Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has been identified as a leading candidate in the "Magic Formula" investment strategy for 2025, securing the 5th position on Insider Monkey's list of best magic formula stocks. This strategy, developed by investor Joel Greenblatt, focuses on companies with high earnings yields and returns on capital. Alphabet's robust financial performance and dominant position in the technology sector contribute to its strong ranking. As of 10:37 AM EST on February 27, 2025, Alphabet's stock is trading at $170.28, reflecting a decrease of $2.46 (1.42%) from the previous close. To view the full article, visit https://ibn.fm/8qPEN About…

ThursdayFeb 27, 2025 11:54 am

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Apologizes for Instagram Reels Glitch Exposing Users to Graphic Content

Meta Platforms (NASDAQ: META) has issued an apology following a technical error that caused Instagram users to encounter a surge of graphic and violent content in their Reels feeds. On Wednesday, numerous users reported seeing disturbing videos, including depictions of killings and cartel violence, despite these videos being labeled as "sensitive content." A Meta spokesperson stated, "We have fixed an error that caused some users to see content in their Instagram Reels feed that should not have been recommended. We apologize for the mistake." This incident has raised concerns about Meta's content moderation policies, especially after the company replaced third-party…

WednesdayFeb 26, 2025 10:15 am

SocialNewsBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Paid Donald Trump Jr. $813K in 2024, Nearly a Quarter of Annual Revenue

Trump Media & Technology Group (NASDAQ: DJT) compensated Donald Trump Jr. $813,000 in 2024, despite his attendance at only two board meetings, accounting for nearly 25% of the company’s total revenue. The payment coincided with Trump Jr. gaining control over more than half of the company's shares, raising questions about the firm's financial structure and governance. As of 8:53 AM EST on Feb. 26, 2025, Trump Media & Technology Group's stock is trading at $23.81, reflecting a decrease of $1.90, or 7.38%, from the previous close. To view the full article, visit https://ibn.fm/zFnaU About Trump Media & Technology Group Trump…

WednesdayFeb 26, 2025 10:08 am

SocialNewsBreaks – Sprout Social Inc. (NASDAQ: SPT) Reports 14% Revenue Growth in Q4 2024, Non-GAAP Net Income Jumps to $10.7M

Sprout Social (NASDAQ: SPT) reported a 14% year-over-year increase in fourth-quarter 2024 revenue, totaling $107.1 million. The company's current remaining performance obligations grew by 26% to $249.4 million. Non-GAAP net income reached $10.7 million, or $0.19 per share, up from $1.0 million, or $0.02 per share, in the same period last year. CEO Ryan Barretto highlighted the company's focus on enterprise growth and customer engagement as key drivers for future expansion. As of 9:02 AM EST on February 26, 2025, Sprout Social's stock is trading at $27.25, reflecting a decrease of $0.66, or 2.34%, from the previous close. To view…

ThursdayFeb 20, 2025 2:55 pm

SocialNewsBreaks – Match Group Inc. (NASDAQ: MTCH) Enhances User Safety with AI-Driven Features

Match Group (NASDAQ: MTCH), is implementing artificial intelligence to promote better behavior among male users on their platforms. This initiative includes detecting and curbing potentially abusive or overly sexual messages by prompting users to reconsider such messages, resulting in a 20% reconsideration rate. This effort aligns with broader attempts to counteract "dating app fatigue," especially among young women, who are critical to the success of dating apps. As of 10:07 a.m. EST on February 20, 2025, Match Group's stock is trading at $33.64, with an intraday high of $34.49 and a low of $33.64. To view the full article, visit…

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,…

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