#stock-decline
#stock-decline
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fromFuturism
1 week agoThe Stock of Trump's Tech Company Is Crashing So Hard It Isn't Even Funny
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.
US politics
fromFast Company
2 weeks agoPinterest's CEO says you'll never be able to entirely filter out AI-generated content: 'Not perfect for any platform'
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.
Social media marketing
fromInvestor's Business Daily
1 month agoAppLovin Stock Falls On Report Of SEC Probe
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.
Marketing tech
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