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 shocking turn of events, Adidas CEO Bjorn Gulden announced on Wednesday that the sportswear giant is considering writing off its remaining inventory of Yeezy merchandise, valued at a staggering $320 million (AU$500 million). This comes as Adidas officially separates from the iconic brand designed by controversial rapper Kanye West, who lost his partnership … Read more
In a shocking turn of events, Omegle, the once-popular online chat platform, has officially shut down after over 14 years in operation. The founder, Leif K-Brooks, cited the growing misuse of the platform, including involvement in “unspeakably heinous crimes,” as the primary reason for its closure. Launched in 2009 by an 18-year-old programmer and high … Read more
Disney’s recent earnings report is a rollercoaster of surprises and setbacks, and we’ve got all the juicy details you need to know! Strap in as we dive into the magical world of Disney’s financial ups and downs. Surpassing Expectations! Disney’s earnings soared high above expectations, thanks to the unstoppable forces of ESPN+ and the thriving … 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
In a surprise move that sent shockwaves through the gaming community, Rockstar Games recently revealed that the highly anticipated Grand Theft Auto 6 (GTA 6) is on the horizon. While fans were hoping for a full-blown reveal, Rockstar chose a different approach, leaving us eagerly anticipating the official trailer set to drop in December 2023. … Read more
In the fast-paced world of tech stocks, where hype and innovation drive investments, two giants, Nvidia (NVDA) and AMD (AMD), have been vying for the attention of investors. Both companies are well-known for their semiconductor products, but recently, the balance seems to be shifting in favor of AMD. In this article, we’ll explore why AMD … Read more
In a market filled with rapid changes and unexpected twists, Upwork Inc. (UPWK) has taken a leap forward, surprising investors with an impressive Q3 FY23 performance. The online talent marketplace reported revenue that exceeded expectations, sent its stock surging, and even raised its guidance for the year ahead. In this article, we’ll delve into Upwork’s … Read more
Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL) jumped 6.7% in the pre-market session after the company reported third quarter results that exceeded analysts’ expectations. The company’s GMV (Gross Merchandise Value) and revenue both came in above analysts’ estimates, driven by higher-than-expected Average Order Values (Active Buyers and Number of Orders missed). Adjusted EBITDA … Read more
In the ever-evolving realm of artificial intelligence, Amazon is making a bold move to ascend to the summit of AI supremacy with its latest creation, “Olympus,” a large language model poised to challenge the dominance of OpenAI’s ChatGPT and Google’s Bard. With a colossal two trillion parameters, “Olympus” could potentially become one of the largest … Read more