The logos of Facebook and Giphy. Aytac Unal | Anadolu Agency via Getty Images In 2020, a top Meta executive explained the company spent $315 million acquiring Giphy “because it’s a great service that needed a home.” Instagram chief Adam Mosseri touted Giphy’s “amazing team” and “expressive” userbase, and stressed Giphy’s user data was “not … Read more
Here are Wednesday’s biggest calls on Wall Street: Susquehanna upgrades Carnival to positive from neutral Susquehanna upgraded the cruise operator after its earnings report Monday, noting it sees a “unit margin recovery.” “The 2023 Wave Season looks to be one for the books, with volumes and pricing for liners CCL, NCLH, and RCL tracking solidly … Read more
Rafael Henrique | Sopa Images | Lightrocket | Getty Images Meta is exploring a new decentralized, text-based social network that could compete with Elon Musk’s Twitter. Tech newsletter Platformer reported that the project, codenamed P92, would be built as a stand-alone app, but that users would log in using their Instagram credentials. The move could … Read more
Here are the biggest calls on Wall Street on Wednesday: Piper Sandler reiterates Nvidia as overweight Piper said it’s bullish on the stock heading into earnings Wednesday after the bell. “Overall, we are bullish going into the January quarter results and April quarter guide for NVDA.” Bernstein reiterates Tesla as underperform Bernstein said it remains … Read more
Here are Wall Street’s biggest calls on Tuesday: KBW downgrades banks to market weight from overweight KBW said in its downgrade of the banking sector that it’s getting ahead of any further moves by the Federal Reserve, and that lower rates means less profitability for banks. “Positive EPS revisions most notable in early 2022 as … Read more
A graph displaying the Apple stock price on a smartphone app. Jaap Arriens | Nurphoto | Getty Images LONDON — Retail investors haven’t been frightened away by the comedown in stocks this year. In 2023, most individual investors plan to invest the same amount or more despite the cost-of-living crisis, according to a new survey … Read more
Nohemi Gonzalez‚Äö√Ñ√¥s mother, Beatriz Gonzalez, and her step-father, Jose Hernandez, talk about memories of Nohemi during a service to mark the anniversary of her death in Long Beach, CA on Sunday, November 13, 2016. Scott Varley | Orange County Register | Getty Images The Supreme Court on Monday stepped into the politically divisive issue of whether tech … Read more
Nohemi Gonzalez‚Äö√Ñ√¥s mother, Beatriz Gonzalez, and her step-father, Jose Hernandez, talk about memories of Nohemi during a service to mark the anniversary of her death in Long Beach, CA on Sunday, November 13, 2016. Scott Varley | Orange County Register | Getty Images The Supreme Court on Monday stepped into the politically divisive issue of whether tech … Read more
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney has reached a deal with activist investor Dan Loeb’s Third Point, which includes adding former Meta executive Carolyn Everson to its board of directors, the companies said … Read more
Onur Dogman | Lightrocket | Getty Images Facebook parent company Meta said it took down two unconnected networks of accounts based in China and Russia for seeking to influence political narratives in the U.S. and Europe. The platform regularly searches for and removes accounts it believes to have violated its policy against coordinated inauthentic behavior. … Read more