“Given the meaningful opportunity ahead for Disney’s streaming business, we believe the stock should be considered as in the same camp as other fast-growing Internet companies (the FAANGs) or consumer companies like Walmart/Nike,” the analysts wrote. … [Read more...] about DANG! Disney stock is in the same league as tech giants Amazon, Netflix, and Google, says analyst report
Stocks
3 reasons why Twitter took a $5 billion stock hit after banning Trump
The big social networks themselves often say they want government to create a common set of rules that all players would use for content moderation. But their enthusiasm may depend on how much they get to help write the rules. Their investors can’t know what an eventual regulatory regime for social networks might look like, especially with the growing feeling in Washington that Big Tech has simply become too powerful. … [Read more...] about 3 reasons why Twitter took a $5 billion stock hit after banning Trump
Tech IPOs are still popping in 2021 as Affirm stock surges 80% in market debut
Tech companies closed out 2020 with several blockbuster IPOs, including the much-hyped debuts of Airbnb and DoorDash. But Affirm Holdings, which has the distinction of becoming the first big tech IPO of 2021, is already a positive affirmation of the market’s prospects in the new year. … [Read more...] about Tech IPOs are still popping in 2021 as Affirm stock surges 80% in market debut
Poshmark stock skyrockets in Nasdaq debut as investors rush to cash in on resale mania
In midday trading, the stock price was hovering at just over $100 a share, up from an offering price of $42. Its opening-day pop follows a similar trajectory seen by Affirm Holdings, the online payments company that went public yesterday with a share price of $49 and soared over 80%. Both firms listed on the tech-heavy Nasdaq. … [Read more...] about Poshmark stock skyrockets in Nasdaq debut as investors rush to cash in on resale mania
Elizabeth Warren: Business Roundtable declaration ‘was just an empty publicity stunt’
Rebuilding our economy so that workers, customers, and communities are able to share in prosperity requires real change in the way decisions are made in corporate boardrooms and on Wall Street. If the CEOs of the nation’s largest corporations truly share my commitment to a stronger economy for workers, communities, and consumers, they should fully commit to the principles they claim to hold, put them into action, and publicly report on their progress. … [Read more...] about Elizabeth Warren: Business Roundtable declaration ‘was just an empty publicity stunt’
