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Author: admin

06Nov

Duolingo stock plunges 25%, its worst session ever, as company prioritizes user growth

Duolingo ’s stock cratered 25% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization. Shares suffered their biggest one-day decline on record. “We…
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06Nov

Meta reportedly projected 10% of 2024 sales came from scam, fraud ads

Meta projected that 10% of its overall sales in 2024, or about $16 billion, came from running online ads for scams and banned goods, according to a Thursday report from Reuters.…
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06Nov

Airbnb shares rise on revenue beat, stronger-than-expected forecast

Shares of Airbnb rose as much as 5% in extended trading on Thursday after the company reported third-quarter results that beat analysts’ estimates for revenue and offered rosy guidance. Here’s how…
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05Nov

Pinterest plunges 21%, posts second-worst day ever as tariffs drag on ad revenue

Pinterest shares plummeted 21% on Wednesday after lackluster third-quarter earnings as advertising took a hit from larger retailers dealing with tariffs. The stock had its second-worst day ever, behind only a…
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04Nov

Uber falls 5% despite third-quarter revenue beat

Uber shares fell 5% on Tuesday even after the ride-hailing company beat Wall Street’s third-quarter revenue expectations. Earnings per share: $3.11. It was not immediately clear if that was comparable to…
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04Nov

Amazon’s new subsea internet cable Fastnet will have the capacity to stream 12.5 million HD movies simultaneously

Amazon is building a subsea fiber-optic cable called Fastnet to connect Maryland’s Eastern shore to County Cork, Ireland, in what will be the company’s first wholly-owned subsea cable project. Subsea fiber-optic…
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31Oct

Netflix announces ten-for-one stock split, shares rise

Netflix, on Thursday announced a ten-for-one stock split, making the streaming company's shares more affordable for retail investors. The company said it would issue nine additional shares for each share…
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31Oct

Reddit stock jumps 7% after showing strong advertising and user growth

Reddit’s stock popped 7% Friday after the company surpassed third-quarter estimates and signaled strong advertising growth. The social media platform’s revenues surged 68% from a year ago to $585 million,…
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30Oct

Apple sees big December quarter driven by strong iPhone 17 demand

Apple reported fiscal-fourth quarter earnings on Thursday that beat analyst expectations, and provided a strong forecast for the company’s December quarter.  Shares of the iPhone maker rose in extended trading. Here’s how…
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17Oct

Grain trader Bunge lowers 2025 profit forecast after closing Viterra deal

U.S. grain trader and processor Bunge, on Wednesday lowered its 2025 earnings forecast following its merger with Viterra, and said it is overhauling segment and volume reporting to align with…
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