FABER: Never had a stock, though, in which we actually may have a true impact, guys. So keep that in mind. As you point out, $8 billion market cap. We are a significant portion of the overall revenue in EBITDA, CNBC, so that'll be different. It's not like we could really impact GE back in the day or even Comcast.
President Donald Trump's social network, Truth Social, is on life support. Shares of the company that runs it, Trump Media and Technology Group (TMTG), hit a record low this week. Despite an initial surge of enthusiasm after its launch, the company has incurred massive losses, with the company showing increasingly blaring warning signs since Trump took office again in January.
Pinterest, a platform Futurism described as "being strangled by AI slop," is not having a great day. The image-based social media company yesterday released its third-quarter earnings and, despite a 17% increase in revenue year-over-year (YOY), its shares took a tremendous tumble. Pinterest stock (NYSE: PINS) dropped about 20% through after-hours trading and into premarket on Wednesday, sitting at 18.6% down at the time of publishing.
Highflying AppLovin ( APP) stock plunged on Monday following a report that the Securities and Exchange Commission is investigating the mobile advertising tech company's data collection practices. The SEC is looking into allegations that AppLovin violated service agreements with platform partners to send more targeted advertising to consumers, Bloomberg reported, citing people familiar with the matter. The SEC has not accused AppLovin of committing any violations, the report said.
