Streetbeat News

Corporate Responsibility

AAPL

GOOG

GOOGL

Elon Musk explained that NSFW accounts on his social media platform, X, cannot get paid on mobile due to restrictions from Apple Inc. (AAPL) and Alphabet Inc.'s Android (GOOG, GOOGL). This payment is only possible via the web. The platform allows NSFW content but requires it to be marked as 'sensitive'. The community is divided on the presence of such content on X.

Portfolio Pulse from Ananya Gairola

November 27, 2023 | 4:33 am

GK

MSFT

Ross Gerber, Tesla investor and CEO of Gerber Kawasaki Wealth And Investment Management, named Microsoft CEO Satya Nadella as 'CEO of the year' for his leadership and the company's success, particularly highlighting the OpenAI partnership. Microsoft's stock hit a record high this week, with the company's growth attributed to Nadella's 'cloud-first, mobile-first' strategy and a $10 billion investment in OpenAI. AdvisorShares Gerber Kawasaki ETF, which has Microsoft as its third biggest holding, may be influenced by these developments.

Portfolio Pulse from Shanthi Rexaline

November 26, 2023 | 9:18 pm

AMZN

Elon Musk criticized Amazon for pulling ads from his social media platform X after he endorsed an antisemitic post, while Amazon faces backlash for selling 'Hamas-style' headbands and t-shirts. Musk called out the double standard as Amazon paused advertising on X due to pressure from an activist organization. X is projected to lose up to $75 million in ad revenue by year-end, but the impact is uncertain as some advertisers have returned or increased spending.

Portfolio Pulse from Shanthi Rexaline

November 26, 2023 | 3:52 pm

AAPL

ABNB

AMZN

DIS

KO

MSFT

ORCL

WBD

Elon Musk's social media platform X is facing a potential loss of $75 million in ad revenue due to his support for an antisemitic post. Major advertisers like Disney and Warner Bros Discovery have paused their campaigns, and over 200 ad units from companies including Airbnb, Amazon, Coca-Cola, and Microsoft are reevaluating their strategies on X. The platform has seen a drop in U.S. ad revenue by at least 55% year-over-year each month since Musk's takeover. X has also filed a lawsuit against Media Matters for defamation.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 4:51 pm

TM

TSLA

Tesla Inc. (TSLA) and Toyota Motor Corporation (TM) are competing in the automotive market, with Tesla focusing on electric vehicles (EVs) and Toyota on hybrids. Tesla aims to overtake Toyota by 2030, but faces slowing EV sales growth in the U.S. while hybrids gain popularity. Toyota's hybrid sales have increased by 20% this year, and the company plans to make the next-generation Camry exclusively hybrid. TSLA shares closed up 0.53% at $235.45, rising to $235.70 after hours. TM shares closed up 2.21% at $188.30 after hours.

Portfolio Pulse from Nabaparna Bhattacharya

November 25, 2023 | 4:27 pm

FSR

GM

KARS

NIO

RIVN

TSLA

Electric vehicle stocks had mixed results with Tesla and Chinese EV companies ending positively. Tesla faced a strike in Sweden and is preparing for the Cybertruck launch. Rivian's CEO RJ Scaringe is taking on more product development roles. Fisker's stock rallied despite a disappointing quarterly report. Nio's executive refuted rumors of the company's collapse. GM's Cruise is planning a cautious robotaxi relaunch. The KraneShares Electric Vehicles ETF saw a slight weekly decline.

Portfolio Pulse from Shanthi Rexaline

November 25, 2023 | 2:34 pm

META

MSFT

PARA

PARAA

TSLA

AI pioneers Geoffrey Hinton and Yann LeCun are publicly disagreeing on the risks of AI taking over humanity. Hinton advocates for a pause in AI development and strict regulations, while LeCun believes the risks are minimal. Their debate comes as the Biden administration and tech leaders like Elon Musk, Bill Gates, Satya Nadella, and Mark Zuckerberg call for AI safety measures. Paramount Global (PARA, PARAA) featured Hinton's views on CBS's '60 Minutes'.

Portfolio Pulse from Rounak Jain

November 25, 2023 | 7:40 am

TSLA

Elon Musk clarified that not all Tesla employees receive the latest Full Self-Driving (FSD) updates; only those on the quality assurance team do. This came after a user claimed on social media that working at Tesla is the cheapest way to get FSD. Musk's clarification follows his previous statements about the anticipated FSD V12, which is expected to bring Tesla closer to full autonomy.

Portfolio Pulse from Anan Ashraf

November 25, 2023 | 4:22 am

META

Aitana Lopez, an AI model created by Rubén Cruz's agency The Clueless, earns between $3,000 to $11,000 a month on Instagram, owned by Meta Platforms Inc. (NASDAQ:META). With over 128,000 followers and only 57 posts, Aitana has fooled celebrities and become the face of a local sports supplement company. The Clueless is now designing a second virtual model, Maia, as brands show interest in AI models that represent their values, reflecting a growing trend in AI-driven marketing.

Portfolio Pulse from Rounak Jain

November 25, 2023 | 4:10 am

TTWO

Obbe Vermeij, a former developer at Rockstar North, part of Take-Two Interactive Software Inc (TTWO), shared early GTA development stories on his blog, including technical challenges, a scrapped zombie game concept, and the team's collaborative culture. However, after Rockstar North expressed discontent, Vermeij removed most posts to avoid upsetting his former colleagues.

Portfolio Pulse from Franca Quarneti

November 24, 2023 | 8:46 pm