stock - Briefly

Snap shares see biggest drop in a year after holiday sales disappoint

Snap Inc. reported lower-than-projected revenue over the holiday season, disappointing investors. Its revenue rose 5% in Q4 but was flat for the full year.

Snap is undergoing a broad restructuring, including job cuts and ending non-revenue-generating projects. It projected a loss in adjusted earnings for the current period, larger than expected. [ more ]

www.morningstar.com

Going Into Earnings, Is Meta Stock a Buy, a Sell, or Fairly Valued?

Meta's stock saw significant growth in 2023 due to user growth, engagement, and monetization.

Revenue growth may decelerate in 2024 as the transition from traditional to digital advertising is nearly complete. [ more ]

24/7 Wall St.

Meta's Amazing Comeback

Meta Platforms Inc. (NASDAQ: META) stock has rebounded from a low of under $100 per share in 2022 to an all-time high above $384.

Meta's turnaround was driven by cost cuts and a focus on advertising revenue, with quarterly results expected to confirm the success.

Despite competition from other digital platforms, investors are not currently concerned about Meta's market share. [ more ]

London Business News | Londonlovesbusiness.com

6 months ago

Netflix named among social media's favorite stocks to invest in

Disney is the most talked about stock on social media, with the highest number of videos published and viewed and the most hashtags used.

Netflix and Amazon are also popular stocks on social media, with significant video views and hashtags related to their stocks and shares. [ more ]

Coindesk

Artificial intelligence

AI Tokens Up After Meta Beats Analyst Expectations

Meta's stock is up nearly 14% after-hours following positive quarterly earnings and a higher forecast.

CoinDesk's Computing Select Index, which holds AI tokens, is up nearly 10% over the last 24 hours. [ more ]

TipRanks Financial

Artificial intelligence

Alphabet's AI Progress Amidst Market Challenges: A Balanced Hold Rating - TipRanks.com

Monness analyst Brian White has maintained their neutral stance on stock, giving a Hold rating on December 12.

SFGATE

6 months ago

Artificial intelligence

OpenAI trying to poach Google workers with $10M pay packages, report says

OpenAI is aggressively recruiting senior researchers from Google's AI teams with the promise of annual pay ranging from $5 million to $10 million, mostly in stock.

OpenAI is planning to sell shares of its existing employees, which could value the company at $80 billion to $90 billion.

OpenAI primarily makes its money through subscriptions to ChatGPT Plus and by selling use of its AI models to developers and businesses. [ more ]

www.cbc.ca

Canada news

After a tough year, Aritzia banks on U.S. expansion to keep growth humming | CBC News

Aritzia's stock soared over 20% after announcing improved financial performance, but experts warn the company still faces challenges.

Net income for Aritzia fell 39% compared to the same period last year, but net revenue increased to $653.5 million. [ more ]

Coindesk

Cryptocurrency

First Mover Americas: Bitcoin Tops $45K for First Time in 21 Months

Bitcoin-related stocks rise as BTC surpasses $45,000 for the first time since April 2022.

Sei Network's SEI token gains over 75% in the past week due to the rise in popularity of EVM-compliant blockchains. [ more ]

www.theguardian.com

Business

Smiles all round as financial markets end 2023 on an unexpected high

Global financial markets defied expectations in 2023, with stocks rallying and bonds recovering losses.

The US economy avoided a recession, posting strong growth and near-record corporate profits. [ more ]

The Motley Fool