Media Company Stock Jumps
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Robinhood Stock Jumps After Company Reports Record Revenue and Profit
The online brokerage’s revenue and earnings topped Wall Street expectations. Shares were up about 6% after hours.The Wall Street Journal - World -
Refinery29's New Owner Plans to Cover Sports, Buy More Media Companies
Essence taps advertising executive Kirk McDonald to lead Sundial Media Group, a holding firm tasked with making more deals.The Wall Street Journal - World -
Refinery29's New Owner Plans to Cover Sports, Buy More Media Companies
Essence magazine’s parent tapped advertising executive Kirk McDonald to lead Sundial Media Group, a holding firm tasked with making more deals.The Wall Street Journal - Business -
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.MarketWatch - Business -
Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Robinhood’s stock rises 4% as company swings to profit, drums up more business
Robinhood says it snapped up business from brokerage rivals and made inroads among gold investors.MarketWatch - Business -
Could Ofcom ban social media for under-18s?
A quick, simple guide to the new social media rules proposed by OfcomBBC News - Top stories -
Public Companies Are Alive and Well
They’re fewer in number but bigger and more profitable than ever before.The Wall Street Journal - World -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
TikTok sues to block U.S. law that could lead to a ban of the popular social media app
TikTok filed a lawsuit over U.S. legislation that could ban the social media app. It says a new law demanding it sever ties with the Chinese government is unconstitutional and is a free speech issue. However, supporters of the law say it's ...CBS News - Top stories - Tiktok -
4 realistic steps to starting a passive income side hustle: What social media may not tell you
Starting a passive income side hustle may look different in real life than on TikTok. Four experts share the time, insight and steps they took to launch their own.CNBC - Business -
Gun violence misinformation has found a new home on Chinese language social media, report says
Growing misinformation about gun violence is permeating Chinese-language social media, a new report shows.NBC News - Top stories -
New York City's watchdog agency launches probe after complaints about the NYPD's social media use
New York City’s watchdog agency says it has launched a probe into allegations that the New York City Police Department has improperly used its official social media accounts to target public officials and private citizensABC News - Tech - New York -
Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”MarketWatch - Business -
Elephant Mario Plush Is Back In Stock At Amazon
Super Mario Bros. Wonder was among the biggest releases of 2023, so it should come as no surprise that the iconic Elephant Mario power-up has received the Little Buddy plush treatment. This plush has sold out quickly each time it's been available ...GameSpot - Tech -
Why Lyft's Stock Is Pulling Ahead of Uber's
Low expectations can also be a blessing.The Wall Street Journal - World -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Is a pest control company worth it? Yes, and here's why
Pest infestations are no joke. But when it comes to pest management, are pest control companies really worth it?CBS News - Top stories -
China's imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow
China's customs agency released data Thursday that showed exports rose in-line with expectations in April, while imports surged ahead of forecasts.CNBC - Business - China -
New York Times stock gains as adjusted profit rises by 41%
Digital subscriptions rise by 210,000 in a ’strong start’ for the year.MarketWatch - Business - New York -
Why You Shouldn't Sell Your Stocks Before the Presidential Election
Strategists are cautioning investors against dumping positions ahead of a summer rally.Inc. - Business -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
Teva Pharmaceutical’s stock climbs as schizophrenia treatment shows promise
Teva Pharmaceutical Industries stock jumped more than 6% early Wednesday after the company reported first-quarter sales that topped estimates and released positive late-stage trial data on a schizophrenia treatment.MarketWatch - Business -
Tripadvisor’s stock could see record plunge as potential buyout plans dropped
Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.MarketWatch - Business -
Why Uber’s stock is having a bumpy ride after earnings
Uber Technologies Inc. posted mixed earnings on Wednesday, beating estimates on an adjusted profit metric while giving an outlook for bookings that was below expectations.MarketWatch - Business -
Jim Cramer's top 10 things to watch in the stock market Wednesday
Wall Street's winning streak may come to an end Wednesday.CNBC - Business -
Intel’s stock drops after Biden administration bans some sales to China’s Huawei
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.MarketWatch - Business - Joe Biden -
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.MarketWatch - Business -
Shopify Stock Slumps to Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
Stock-market crash fears are fading, according to options traders
As U.S. stocks have rebound from last month’s selloff, options traders aren’t buying as many contracts that would pay off if the market were to crash.MarketWatch - Business -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - Business -
AppLovin’s stock rallies as earnings highlight improvements in app ad market
Investors were liking the latest numbers from AppLovin on Wednesday, as its stock headed higher in the extended session.MarketWatch - Business -
Hong Kong Shares Rise 0.3%, Led by Tech Hardware, Pharma Stocks
Hong Kong shares edged higher after opening flat. After a recent rally, investors shift focus to China’s April economic data.The Wall Street Journal - World - Hong Kong -
Microsoft: Workers want to use AI—they’re not waiting for their companies to adopt it
Microsoft's 2024 Work Trend Index shows workers embracing AI faster than their employers and are resorting to bringing their own AI to work.VentureBeat - Tech -
AstraZeneca pulls its COVID-19 vaccine from the European market
The pharma giant AstraZeneca has requested that the European authorization for its COVID-19 vaccine be pulledABC News - Health - Covid -
In the NIL landscape, schools are turning to companies to train and manage in-house general managers
Athletic departments across the country are trying to figure out the best way to manage the name, image and likeness landscape when it comes to athletes earning endorsement moneyABC News - Sports -
Masimo activist director Koffey demands ‘basic’ information on company’s proposed spinoff
Masimo activist Quentin Koffey says he'll pursue litigation if the health-tech company doesn't provide information on a proposed spinout of a business unit.CNBC - Business -
Need a pest control company? Here are 5 signs that you do
From creepy sounds to visible structural damage, these five signs mean it's time to call a professional pest control company.CBS News - Top stories -
Neuralink's first in-human brain implant has experienced a problem, company says
Neuralink on Wednesday said part of its brain implant has malfunctioned within human patient.CNBC - Business