SocialNewsBreaks Archive - Page 5 of 21

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…

WednesdayFeb 12, 2025 11:35 am

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

Snap (NYSE: SNAP) has announced the pricing of $1.5 billion in aggregate principal amount of 6.875% senior notes due 2033 in a private offering. The sale is expected to close on February 14, 2025, subject to customary closing conditions. The company plans to use the net proceeds to repurchase portions of its outstanding convertible senior notes due 2026, 2027, and 2028, with the remainder allocated for general corporate purposes. As of 10:27 AM EST on February 12, 2025, Snap Inc. (NYSE: SNAP) shares are trading at $10.735, down 0.01242% from the previous close. The day's trading range has been between…

MondayFeb 10, 2025 10:50 am

SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) to Cut Workforce While Accelerating AI Hiring

Meta Platforms (NASDAQ: META) the parent company of Facebook, is set to begin company-wide layoffs on Feb. 10, 2025, while fast-tracking the recruitment of machine learning engineers, according to internal memos cited by Reuters. The cuts, which aim to eliminate the bottom 5% of employees, could impact around 3,600 positions from Meta’s 72,000-strong workforce as of September 2024. While layoffs will affect most countries, employees in Germany, France, Italy, and the Netherlands will be exempt due to local regulations. Despite the reductions, Meta is prioritizing investments in artificial intelligence, allocating billions of dollars to AI-related infrastructure. As of Feb. 10,…

FridayFeb 07, 2025 12:55 pm

SocialNewsBreaks – Pinterest Inc. (NYSE: PINS) Surges After Record-Breaking Quarter

Pinterest (NYSE:PINS) reported its first-ever billion-dollar revenue quarter, achieving $1.15 billion in Q4 2024, an 18% increase year-over-year. The platform’s global monthly active users grew by 11% to reach 553 million. CEO Bill Ready highlighted the platform’s increasing engagement and effectiveness for both users and advertisers. As of Feb. 7, 2025, Pinterest’s stock is trading at $39.51, up 17.6% from the previous close, with an intraday high of $41.24. To view the full article, visit https://ibn.fm/w7pyn About Pinterest Pinterest is a visual discovery engine that enables users to find inspiration for various aspects of their lives, including recipes, home decor, and fashion…

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…

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