In a stunning turn of events, Donald Trump’s business empire witnessed a historic moment as part of it went public after almost three decades. Trump Media & Technology Group, the parent company of the struggling social media platform Truth Social, debuted on the stock market under the ticker symbol “DJT.” The initial trading frenzy saw … Read more
In the last quarter, Michael Burry shifted his investment strategy by exiting his positions against the S&P 500 and Nasdaq 100, only to initiate a new play targeting semiconductor stocks, as per his latest portfolio update released on Tuesday. During the second quarter, Burry’s Scion Asset Management had acquired bearish put options on the SPDR … Read more
In the rollercoaster world of AMC Entertainment, the latest earnings report triggered a jaw-dropping 20% drop in stock prices, leaving investors scrambling for answers. Despite a seemingly impressive Q3 showing a 45% YoY revenue surge to $1.4 billion and a profit of $12.3 million, AMC’s stock took a nosedive. So, what went wrong? The bombshell … Read more
In a shocking turn of events, Unity Software (NYSE:U) sent shockwaves through the market as its shares plummeted nearly 15% in the pre-market session today. The revelation of a massive $1 billion sale of 2% convertible senior notes due 2027 has left investors questioning the future of the renowned game-engine maker. The Deal Details: Unity … Read more
In the fast-paced world of digital advertising, Trade Desk Inc. (TTD) has sent shockwaves through the market, with its shares poised to take a staggering $9.4 billion hit in value. Investors are on edge after the digital ad platform issued a cautionary note, predicting a slowdown in sales during the crucial year-end period. Trade Desk, … Read more
Microvast Holdings, Inc., the cutting-edge technology firm specializing in the design, development, and manufacturing of lithium-ion battery solutions, has unveiled its unaudited condensed consolidated financial results for the third quarter ended September 30, 2023, showcasing a remarkable performance and laying the groundwork for an exciting future. Q3 2023 Highlights: Microvast’s Founder, Chairman, and CEO, Yang … Read more
In a startling turn of events, Plug Power, Inc. (PLUG) saw its shares nosedive by a staggering 33.4% in premarket trading on Friday, leaving investors in a state of panic. The ominous drop follows a concerning disclosure in a 10Q filing with the SEC, where the hydrogen and fuel cell energy company issued a “going … Read more
In a surprising turn of events, AMC Entertainment Holdings Inc. (AMC) has defied expectations by reporting a third-quarter net income of $12.3 million, marking a significant rebound from its previous year’s losses. The Leawood, Kansas-based movie theater giant announced earnings of 8 cents per share, a stark contrast to the losses experienced in the same … Read more
In a surprising move, AMC Entertainment Holdings Inc. (NYSE: AMC) has just announced a game-changing equity distribution agreement, revealing plans to raise up to a staggering $350 million through the sale of its Class A common stock. The company has enlisted the support of major financial players, including Citigroup Global Markets Inc., Barclays Capital Inc., … Read more
In a dramatic turn of events, shares of Upstart, the AI lending platform listed on the NASDAQ under the symbol UPST, took a nosedive of 20.2% during the morning session following the release of their third-quarter results. This shocking decline was driven by the company’s failure to meet analysts’ revenue and EPS estimates. But does … Read more