Buzzing stock

The company’s streaming ambitions are not going unnoticed by Wall Street. Disney shares were up more than 10% early Friday. And in a new research note, analyst firm MoffettNathanson said Disney stock should be seen as being in the same league as tech giants like Facebook, Amazon, Apple, Netflix, or Alphabet—aka FAANG stocks. … [Read more...] about DANG! Disney stock is in the same league as tech giants Amazon, Netflix, and Google, says analyst report

In addition, some of Twitter’s value may remain dependent on the continued challenges of alternative, right-wing social networks like Parler and Gab. Parler has now filed suit against Amazon, hoping to have its service restored. Gab has had its own share of problems—numerous hosting and internet service providers have abandoned it in the past because of content moderation issues. Its CEO Andrew Torbin says Gab now relies on its own home-build servers, and, lately, it’s been picking up new members at a clip of 600,000 to 700,000 per week. … [Read more...] about 3 reasons why Twitter took a $5 billion stock hit after banning Trump

Affirm, which works with around 6,500 retailers including Walmart, Wayfair, Peloton, and Warby Parker, lets customers finance online purchases with monthly payments that do not accrue compounding interest. Instead, Affirm makes a profit through merchant fees whenever purchasers choose its lending option. According to its IPO filing, more than 6.2 million people use the service. … [Read more...] about Tech IPOs are still popping in 2021 as Affirm stock surges 80% in market debut

Approaching 10 years old, Poshmark is led by CEO Manish Chandra and counts tennis great Serena Williams as a member of its board of directors. As our Elizabeth Segran wrote in 2019, the platform stands out among its competitors, such as TheRealReal and ThredUP, by infusing the sales process with social media-like functionalities that keep users on the site longer. The longer people stay, the more they buy. … [Read more...] about Poshmark stock skyrockets in Nasdaq debut as investors rush to cash in on resale mania

Last August, the Business Roundtable made a big, splashy announcement: Nearly 200 of its member CEOs, led by JPMorgan Chase’s Jamie Dimon, would reverse their harmful, decades-long position that “corporations exist principally to serve shareholders.” The new “Statement on the Purpose of a Corporation” said they would now serve all stakeholders, including workers, consumers, and the communities in which they operate. But one year later, their actions show this was just an empty publicity stunt. … [Read more...] about Elizabeth Warren: Business Roundtable declaration ‘was just an empty publicity stunt’