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☆ Here are Wednesday's biggest analyst calls: Apple, Micron, Tesla, Instacart, Spotify, Netflix, Cava, Target and more
▼ + stars: | 2024-11-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Evercore ISI downgrades Caterpillar to in line from outperform The firm said it sees earnings per share risk for Caterpillar. Barclays reiterates Instacart as overweight The firm said it is sticking with its overweight rating following earnings. " Telsey reiterates Target as outperform Telsey says it is sticking with its outperform rating on Target ahead of earnings next week. Jefferies reiterates Netflix as buy The firm said the latest report of monthly active users for Netflix weakens the bear case. " TD Cowen reiterates Cava as buy The firm said Cava had a "flawless" third quarter.

Persons: Oppenheimer, William M, Brown, reallocating, Wells, Morgan Stanley, Telsey, Salesforce, verticals, Jefferies, Piper Sandler, Wedbush, Tesla, Donald Trump, Elon Musk, TD Cowen, Cava Organizations: Caterpillar, CAT, UBS, DTC, Bank United, Bank, Solutions Holdings, C Insurance, Barclays, CART, Starbucks, Bank of America, Netflix, MAUs, Micron, Apple, ISI, Services, Department of Government, White, Trump Locations: 3Q24, FCF

☆ Spotify shares pop on better-than-expected profit forecast
▼ + stars: | 2024-11-12 | by ( Cj Haddad | ) www.cnbc.com time to read: +1 min

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Spotify said operating income in the fourth quarter will come in at 481 million euros, exceeding the average analyst estimate of 432.7 million euros, according to StreetAccount. The company said sales will reach 4.1 billion euros, below the average analyst estimate of 4.26 billion euros, according to LSEG. Spotify shares rose about 8% after the report to $452.35 after rising 2.2% in regular trading.

Persons: MAUs Organizations: New York Stock Exchange, Spotify, LSEG Revenue, LSEG, StreetAccount Locations: Swedish

☆ Meta's head of Threads shares advice about how and when to post — as the debate swirls around engagement bait
▼ + stars: | 2024-10-14 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Meta is sharing new advice for creators on Threads about engaging content and how often to post. We spoke with Meta's head of Threads about what the platform is advising creators to do on the app. If there's one takeaway that Dalton Smith has for creators using Threads, it's that they should remember it's "a real-time conversation app." Advertisement"Most of the content will be distributed in just a few hours over the course of the day," Dalton Smith told BI. Here are five takeaways from BI's conversation with Meta's Emily Dalton Smith:

Persons: —, here's, Katie Notopoulos, Adam Mosseri —, Mosseri, Emily Dalton Smith, Dalton Smith Organizations: Service, Meta

☆ Spotify reports record quarterly earnings
▼ + stars: | 2024-07-23 | by ( ) www.cnbc.com time to read: +2 min

Spotify posted a record quarterly profit slightly ahead of analyst expectations on Tuesday, pushing its shares up more than 14% in premarket trading. In the second quarter of 2024, the number of paying Spotify subscribers rose to 246 million, slightly above expectations. Profit rose 45% from a year earlier to 1.11 billion euros ($1.21 billion), slightly above analysts' expectations for 1.07 billion euros. Revenue rose 20% to 3.81 billion euros for the second quarter of 2024, fractionally below analysts' estimates of 3.82 billion euros. Spotify previously said it aimed to reach 631 million monthly active users (MAUs), but only reached 626 million for the quarter.

Persons: Daniel Ek, Simon Dyson, it's Organizations: Spotify, Reuters Locations: Swedish, LSEG

☆ Here are Tuesday's biggest analyst calls: Amazon, Nvidia, Tesla, Uber, Disney, PayPal, Spotify, Chevron, Netflix & more
▼ + stars: | 2024-07-02 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"We initiate coverage of Waystar ( WAY) with a Buy rating and 12-month price target of $32." Bank of America reiterates Nvidia as buy Bank of America said Nvidia was the "most-owned" stock in semis among fund managers. Bank of America reiterates Disney as buy Bank of America said it's sticking with its buy rating on the stock. " Argus reiterates Netflix as buy Argus said it's sticking with its buy rating on the stock. "We are maintaining our BUY rating on Focus List selection Netflix I nc.

Persons: Mizuho, Goldman Sachs, Goldman, it's, Nvidia, NVDA, AVGO, Piper Sandler downgrades CrowdStrike, Piper, Raymond James, Piper Sandler, Jefferies, RAPP, Stifel, MAUs, Wells, Roth, WULF, VIK, Horton, Guggenheim, Tesla, Kitty Organizations: Mizuho, Amazon, " Bank of America, Nvidia, Bank of America, AMD, Comerica, UBS, TEAM, Rapport Therapeutics, Life360 Inc, Spotify, Hess Corp, IT Services, Barclays, Viking Holdings, Citi, Disney, DIS, NBA, Susquehanna, PayPal, of America, Deutsche Bank, Uber, Deutsche, Netflix, Argus Locations: CrowdStrike, Chevron

☆ Pinterest shares soar 18% on earnings beat, strong revenue growth
▼ + stars: | 2024-04-30 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Shares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts' estimates and showed its fastest revenue growth since 2021. Pinterest reported 518 global monthly active users (MAUs) for the first quarter, up 12% year over year. In its first-quarter release, Pinterest CEO Bill Ready said the company is driving greater returns for advertisers because of its investments in AI and shoppability. Meta , Snap and Google parent Alphabet all reported first-quarter results last week that exceeded analysts' estimates for revenue. For its second quarter, Pinterest expects to report revenue between $835 million and $850 million, which equates to growth of 18% to 20% year over year.

Persons: Pinterest, MAUs, StreetAccount, Bill Ready Organizations: Digital

☆ Meta to report first-quarter results after the bell
▼ + stars: | 2024-04-24 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Meta will report first-quarter results after the bell Wednesday. Revenue: $36.16 billion, according to LSEG. $36.16 billion, according to LSEG. Analysts expect Meta to report a 26% increase in revenue from $28.65 billion a year earlier. Analysts at Baird said in a Monday note that slower spending from China-based advertisers could be a source of concern in the first-quarter results.

Persons: Meta, Mark Zuckerberg, Zuckerberg, Susan Li, Baird Organizations: StreetAccount, Meta, Facebook Locations: LSEG, China

☆ Spotify reports record quarterly profit after a year marked by deep layoffs and activist attention
▼ + stars: | 2024-04-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Spotify reported first-quarter earnings on Tuesday, notching record quarterly profit and beating estimates on the top and bottom lines, after a year of deep cost cutting and streamlining. The company expects net new MAUs of 16 million, for a total of 631 million monthly active users. Spotify attributed the slowed growth to "moderated marketing activity" — driven by cost cutting — resulting in "more normalized growth." ValueAct, which manages nearly $12 billion in assets, has a 0.5% Spotify stake valued at $280 million. When the activist investor first disclosed the position in 2023, it owned around 1.2% of Spotify.

Persons: Daniel Ek, Joe Rogan, MAUs, Mason Morfit's ValueAct Organizations: Spotify, LSEG, StreetAccount Spotify Locations: Tokyo, Swedish

☆ Meta's Threads now has more daily users in the US than Elon Musk's X
▼ + stars: | 2024-04-23 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Now, Threads has more daily users in the US than X, a trend that's been ongoing since December, when Threads became Apple's most downloaded app. "Threads DAUs in the US passed X in December 2023 and it has not looked back," Thomas Grant, Apptopia's VP of research, said. That's a roughly 55% increase in DAUs from December when Threads averaged an estimated 18 million users each day. According to Sensor Tower estimates, daily users of the X app worldwide are down 19% compared to October 2022, the month that Musk took over Twitter. An estimate of daily users from Apptopia for the week also shows no gain in Threads users.

Persons: Elon Musk, Thomas Grant, Apptopia's, It's, Musk, X, Mark Zuckerberg's, Taylor Swift, Swift, MAUs, Zuckerberg, X MAUs, Kali Hays Organizations: Service, Elon, Business, Apple, Google, Twitter, US Locations: That's, DAUs, khays@businessinsider.com

☆ Living drugs that reprogram patients’ immune cells show early promise against hard-to-treat brain tumors
▼ + stars: | 2024-03-13 | by ( Brenda Goodman | ) edition.cnn.com time to read: +10 min

Only 3% to 5% of people who are diagnosed with this type of brain tumor will be alive three years later. Now, an experimental therapy that reprograms a person’s own immune cells to attack these tumors is showing some exciting promise. Doctors first harvested immune fighters called T-cells from his blood and then genetically modified them in a lab so they’d recognize and bind to specific proteins on the surface of the brain tumor cells. After a single 10-milliliter infusion of about 10 million CAR-T cells, Fraser’s tumor began to shrink. Three-quarters of the participants had had their brain tumors come back at least twice.

Persons: ”, Otis Brawley, –, they’ll, ” Brawley, Tom Fraser, Brigham, Debbie Fraser, Fraser, He’s, Marcela Maus, ” Fraser, Maus, “, ” Maus, Christine Brown, ’ Brown, ” Brown, hasn’t, Brown, Dr, Donald O’Rourke, “ They’re, O’Rourke, ” O’Rourke, Sanjay Gupta, you’re, they’re, it’s Organizations: CNN, Johns Hopkins University, American Cancer Society, City of Hope Cancer Center, University of Pennsylvania, Massachusetts General, Mass, New England, of Medicine, Doctors, Mass General Cancer Center, Tv3, Cell Therapeutics Research, of, Nature, Penn, Excellence, University of Pennsylvania Perlman School of Medicine, CNN Health Locations: City, Duarte , California, Massachusetts, Rochester , New York, Boston, of Hope, Hope

☆ Meta to report fourth-quarter earnings after the bell
▼ + stars: | 2024-02-01 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Meta will report fourth-quarter earnings after the bell on Thursday. In Alphabet 's earnings report on Tuesday, the company said Google ad revenue increased 11% from a year earlier, slower expansion than analysts were expecting. Meta finance chief Susan Li most recently highlighted the significance of business from China in the company's third-quarter earnings report in October. Analysts expect Reality Labs to show revenue of $762.8 million for the quarter and an operating loss of $4.26 billion, according to StreetAccount. Apple and Amazon are also slated to report fourth-quarter results on Thursday, wrapping up earnings season for tech's mega-cap companies.

Persons: Mark Zuckerberg, Meta, Susan Li, Li, Zuckerberg Organizations: U.S, Capitol, LSEG, StreetAccount, Google, Facebook, Meta, Wednesday, Labs, Apple Locations: Washington , U.S, China

☆ Innovative Cancer Treatment May Sometimes Cause Cancer, F.D.A. Says
▼ + stars: | 2023-11-28 | by ( Gina Kolata | More About Gina Kolata | ) www.nytimes.com time to read: +3 min

Cancer specialists said the treatments have saved the lives of thousands of patients with blood cancers. And, he said, “I haven’t seen a single one” develop a new T cell cancer. When patients’ T cells are engineered to make proteins that attack cancer cells, a virus helps slip new genes into T cell DNA. Even without chemotherapy or radiation, Dr. Maus added, patients with blood cell cancers are especially susceptible to developing other blood cell cancers. But Dr. DiPersio said, “it is more of a smoking gun.”The F.D.A.

Persons: Marcela V, Maus, John DiPersio, Louis, “, ”, DiPersio, —, . Maus Organizations: Massachusetts General Hospital, Washington University School of Medicine Locations: Massachusetts, St

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, BJ's, Ferrari, Disney, Birkenstock & more
▼ + stars: | 2023-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: KBW upgrades Bank of America to market perform from underperform KBW upgraded the banking giant with long-term rates declining. Bank of America downgrades Paramount to underperform from buy Bank of America said the backdrop is too challenging for the media stock. Bank of America reiterates Nvidia as buy Bank of America said it's bullish on the stock heading into earnings later this month. Goldman Sachs initiates Birkenstock as buy Goldman initiated the shoe company with a buy and said Birkenstock shares are compelling. Bank of America reiterates Apple as neutral Bank of America said it's sticking with its neutral rating on shares of Apple .

Persons: KBW, Mizuho, it's, BILI, Lee jeans, it's bullish, Goldman Sachs, Goldman, EBITDA, Raymond James downgrades Bloomin, Raymond James Organizations: Bank of America, Underperform, Corp, Deutsche Bank, Deutsche, Mizuho, TAM, UBS, Amazon, Citi, Disney, " Bank of America, Paramount, Barclays, Nvidia, AMD, Dominion, Biotech, JPMorgan, HSBC, RBC, Apple, of America Locations: China, FY24E, CLX, Russia, Ukraine

Known for donning a bow tie and bicycle pin, Blumenauer, 75, has served roughly five decades in public office at the local, state and federal level. “I spent a career working to make Portland the most livable city in the country. He would go on to serve as a commissioner in Multnomah County, home to Portland, and on the Portland City Council before being elected to the U.S. House in 1996. His legacy remains visible today — a bike and pedestrian bridge that opened in the city last year bears his name. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Persons: Earl Blumenauer, We’ve, “, ” Blumenauer, Kevin McCarthy, that's, ”, Jonathan Maus, Blumenauer, Hakeem Jeffries, “ Earl, ” ___ Claire Rush Organizations: — U.S . Rep, Associated Press, Oregon House, Portland City Council, U.S . House, Congressional, Caucus, Rep, Washington D.C, Congress, quicken, Congressional Cannabis Caucus, Congressional Progressive Caucus, America Statehouse News Initiative, America Locations: PORTLAND, Oregon, Portland, City Hall, Multnomah County, Mount Hood, Columbia, America, ”, Washington

☆ Pinterest beats third-quarter revenue estimates on ad market recovery
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 30 (Reuters) - Pinterest (PINS.N) beat third-quarter revenue estimates on Monday, as a stabilizing digital advertising market helped draw marketers to the image-sharing platform ahead of the holiday season. Brokerages including Bernstein have been optimistic about the benefits from the partnership, saying it could drive up Pinterest's fourth-quarter revenue. The San-Francisco, California-based company's revenue rose 11% to $763.2 million for the quarter ended Sept. 30, compared with Wall Street estimates of $743.5 million, according to LSEG data. Global monthly active users (MAUs) on the image-sharing platform rose 8% to 482 million.

Persons: Dado Ruvic, Bernstein, Bill Ready, Jaspreet Singh, Shailesh Organizations: REUTERS, Global, Magna, Thomson Locations: San, Francisco , California, Bengaluru

☆ Meta to report third-quarter earnings after the bell
▼ + stars: | 2023-10-25 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +4 min

Mark Zuckerberg, CEO of Meta, attends a U.S. Senate bipartisan Artificial Intelligence Insight Forum at the U.S. Capitol in Washington, D.C., Sept. 13, 2023. Meta is set to report third-quarter earnings after the bell Wednesday. The company is expected to show growth of 21% in the third quarter after sales increased 11% in the prior period. Meta appears to be the furthest along in terms of improving the effectiveness of its online ad platform following Apple's changes. Meta, X and others must adhere to the DSA by removing illegal content and detailing how they're doing it.

Persons: Mark Zuckerberg, that's, Susan Li, Snap Organizations: Meta, U.S, Senate, Intelligence, Capitol, Washington , D.C, StreetAccount, EU, Digital Services, European Commission, Russia, Reality Labs Locations: Washington ,, U.S, Israel, Ukraine

☆ Here are Wednesday's biggest analyst calls: Nvidia, Boeing, SoFi, Netflix, Apple, Cava, Walmart and more
▼ + stars: | 2023-10-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Wednesday's biggest calls on Wall Street on Wednesday: Goldman Sachs upgrades Shoals to buy from neutral Goldman Sachs said the solar company is very attractive. Morgan Stanley upgrades Cava to overweight from neutral Morgan Stanley said it's gaining confidence in the restaurant chain. JPMorgan upgrades CSX to overweight from neutral JPMorgan said rail concerns have already played out. JPMorgan upgrades Iris Energy to overweight from neutral JPMorgan said the bitcoin mining company is "best-in-class." JPMorgan initiates CleanSpark as overweight JPMorgan said the bitcoin miner offers "relative value."

Persons: Goldman Sachs, Wells, Wells Fargo, TD Cowen, Cowen, Stephens, Raymond James, it's bullish, Morgan Stanley, Cava, it's, UBS downgrades Morgan Stanley, Oppenheimer, Needham, Robinhood, MAUs, Truist, Piper Sandler, JPMorgan, Mizuho, SoFi, SOFI, Leerink, Apple Organizations: Netflix, JPMorgan, CSX, Nvidia, Iris Energy, Energy, UBS, Boeing, Oppenheimer downgrades Texas, Texas, Qs, Logistics, Amazon, Arista Networks, Barclays, Ball Corporation, Apple, Walmart, Deutsche Bank, Cboe Locations: CAVA, OW, U.S, China, ANET, SoFi

As a result, books like “Call Me Max” have been challenged or outright removed from schools and libraries in Florida, as well as other states — and though some believe book bans lead to more book sales, authors say the effect of those bans is devastating for their careers. These bans “overwhelmingly” target books about race and racism, as well as books with LGBTQ characters, PEN America said in its September study on school book bans. The MoveOn Banned Book Mobile stops for an event with local authors and teachers on October 1, 2023 in Decatur, Georgia. “(A book ban) would make news, and people would say, ‘I’ll buy this book just to show them,’” Lukoff said of the once-common result of book bans. Lukoff said his first high-profile bans occurred in early 2021, in Austin and Salt Lake City, when book bans first started to accelerate.

Persons: CNN —, Ron DeSantis, Max, ”, ‘, ” DeSantis, Max ”, Kyle Lukoff, Newbery, “ I’ve, —, ” Lukoff, “, ” Kyle Lukoff's, Marvin Joseph, Phil Bildner, ” “, Bildner, PEN America, Tasslyn Magnusson, Read, Derek White, Magnusson, ” Laurie Halse Anderson’s, George M, Deborah Caldwell, Stone, Angie Thomas, “ Maus, “ Maus ”, ” Magnusson, Lukoff, BookScan, Juno, Mike Curato’s “, John Green’s “, Samira Ahmed, Laura Gluckman, Armando L, Sanchez, Maus, ’ ” Lukoff, … that’s, they’re, she’s, haven’t, “ It’s, isn’t, Ahmed, ” Bildner, Caldwell, J.K, Rowling, Harper Lee, Art Spiegelman, ‘ Maus, ’ ”, Torrey Maldonado, ” Maldonado, who’ve, Eileen T, ’ ” Magnusson, ’, ” Ahmed, it’s, “ I’m, I’m, Maldonado, They’re Organizations: CNN, Florida Gov, Washington Post, PEN America, Liberty, Utah Parents United, Mobile, American, Association’s, Intellectual, ”, Association of American Publishers, Women, Chicago Tribune, Getty, America Locations: Florida, bookshelves, Rye, PEN, Utah, Decatur , Georgia, Tennessee, Alaska, Chicago, Sandmeyer's, Austin, Salt Lake City

☆ Pinterest delivers revenue beat on digital ad market rebound
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

A keyboard is placed in front of a displayed Pinterest logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/IllustrationAug 1 (Reuters) - Image-sharing platform Pinterest (PINS.N) beat second-quarter revenue estimates on Tuesday as monthly active users surged and digital advertising rebounded from a downturn triggered by an uncertain economy. Pinterest's revenue for the quarter ended June 30 grew 6% to $708 million, compared with market estimates of $696.1 million, according to Refinitiv data. Global monthly active users (MAUs) on the platform rose 8% to 465 million from a year ago, above estimates of 462.8 million. Pinterest earned a quarterly adjusted profit of 21 cents per share, compared with 11 cents a year ago.

Persons: Dado Ruvic, Pinterest, Jaspreet Singh, Devika Organizations: REUTERS, Tech, Meta, Global, Thomson Locations: Bengaluru

☆ Meta to report second-quarter earnings after the bell
▼ + stars: | 2023-07-26 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +3 min

Meta will report second-quarter earnings after market close on Wednesday. Here are the key numbers to watch:Earnings: $2.91 per share expected, according to Refinitiv$2.91 per share expected, according to Refinitiv Revenue: $31.12 billion expected, according to Refinitiv$31.12 billion expected, according to Refinitiv Daily Active Users (DAUs): 2.04 billion expected, according to StreetAccount. 2.04 billion expected, according to StreetAccount. Monthly Active Users (MAUs): 3 billion expected, according to StreetAccount. 3 billion expected, according to StreetAccount.

Persons: Mark Zuckerberg, Meta, Mark, Meta's, William Blair, Brad Erickson Organizations: Meta, Inc, Refinitiv Revenue, RBC Capital Markets, CNBC, Company Locations: San Jose , California, Ukraine

☆ Meta has hired the core team behind the once-buzzy photo app Poparazzi
▼ + stars: | 2023-07-07 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

The core team behind the once-viral social-media app Poparazzi has been hired by Meta. Poparazzi, an anti-selfie photo-sharing app that encouraged users to snap pictures of their friends, skyrocketed briefly to the top of Apple's US App Store after launching in 2021. Now, four Poparazzi staffers, including its engineers and CEO Alex Ma, are employees of Meta, Insider has learned. Poparazzi cofounders Austen and Alex Ma. "Our journey to Poparazzi started 4 years ago with a simple goal: to connect people authentically," Alex Ma wrote in the Medium post.

Persons: Poparazzi, Alex Ma, Meta, Alex, Austen Ma, Ma, TTYL, Poparazzi cofounders Austen, Poparazzi's Organizations: Apple, Meta, Benchmark, TechCrunch, Facebook

"It's all about containing those kinds of capabilities from the north," retired U.S. Major General Gordon B. Davis Jr. told Reuters. "With five submarines we can close the Baltic Sea," Linden told Reuters. The region from the Baltic in the south to the high north may become almost an integrated operating area for NATO. It was first shipped from Germany across the Baltic Sea, then trucked nearly 900 km to the north. "It would make it very difficult for the Russian Baltic Sea fleet to operate in a free way," he said.

Persons: Mika Hakkarainen, Finland –, Major General Gordon B, Davis Jr, Fredrik Linden, Sweden's, Linden, Samu Paukkunen, Paukkunen, Sebastian Bruns, Michael Maus, Kurt Rossi, Rossi, Tuomo Lamberg, Bruns, Nick Childs, Anne Kauranen, Johan Ahlander, Jacob Gronholt, Sabine Siebold, Sara Ledwith Organizations: NATO, Reuters, Fleet, Finnish Institute of International Affairs, Major, Analysts, Northern Fleet, Kiel University's Institute for Security, NATO's, Transformation, Field Artillery, U.S . Army, Baltic, Commission, Security, Cooperation, Naval Forces and Maritime Security, International Institute for Strategic Studies, Fouche, Pedersen, Thomson Locations: TORNIO, Finland, KARLSKRONA, Sweden, Norway, Russia, Stockholm, Ukraine, Moscow, Europe, RUSSIA, Russian, Murmansk, Kola, Barents, North America, Greenland, Iceland, Helsinki, Baltic, Nord, Russia's, Denmark, Kiel, Rovaniemi, Santa Claus, United States, Britain, Germany, –, St, Petersburg, Kaliningrad, Sweco, Swedish, Gotland, Karlskrona, Oeland, London, Birmingham, Tornio, Oslo, Copenhagen, Brussels

☆ Meta vs. Alphabet: Wall Street favors one over the other. Our view is not so black and white
▼ + stars: | 2023-06-27 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Wall Street analysts continued to favor Meta Platforms (META) over Alphabet (GOOGL), sending shares of META up more than 3% and GOOGL shares just slightly higher Tuesday. Analysts at both firms expressed concern over how the implementation of generative AI might hurt search-related ad revenues and boost expenses. That said, Bernstein and UBS both also acknowledge that longer-term generative AI may very well prove a tailwind for Alphabet. META YTD mountain Meta Platforms YTD performance Meta Platforms, meanwhile, has been getting better reviews. Bottom line Both Meta and Alphabet are likely to benefit from generative AI in the long-term — even if Meta has more clearcut benefits in the near term.

Persons: Bernstein, Bard, MAUs, Instagram, chatbots, Meta, Jim Cramer's, Jim Cramer, Jim, Beata Zawrzel Organizations: Street, UBS, Citi, Google, Meta, Cannes Lions, Creativity, Instagram, CNBC, Nurphoto, Getty Locations: —

☆ Netflix stock jumps 10% on signs that its new ad-based subscription plan is booming
▼ + stars: | 2023-05-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Netflix told advertising executives that its new ad-based plan has 5 million active users. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. On Wednesday, the company presented advertising executives at the industry's so-called upfronts with the first insights into the new tier, disclosing that it had 5 million monthly active users. In March, Bloomberg reported that the $7-per-month ad option had 1 million monthly active users after its first two months. Because monthly active users can include several people using the same subscription, analysts at Evercore estimated that the 5 million MAUs Netflix reported translates to 2 million-3 million subscription accounts.

☆ Elon Musk has chopped Twitter down to about 1,000 employees
▼ + stars: | 2023-05-02 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

In six months of ownership, Elon Musk has whittled Twitter's employee count down by close to 90%. Current headcount for full-time employees at Twitter is around 1,000 people, according to two people familiar with the company who asked not to be identified discussing private matters. Getting closer to 1,000 workers means Twitter's headcount is down by almost 90% from just before Musk took over, when the company had roughly 7,500 employees. More frequently, employees at Musk's Twitter are fired or let go piecemeal with little to no explanation after sending in weekly reports of their work for review, the people familiar said. The former CEO has also admitted that he hired too many employees at Twitter when he ran it.

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