Streetbeat News

Corporate Responsibility

MGRX

Mangoceuticals, Inc. (NASDAQ:MGRX) has announced a strategic review to explore potential mergers, acquisitions, divestitures, and other business combinations to maximize shareholder value. The company is considering a wide range of strategic, operational, and financial alternatives with no set timeline for completion.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 12:20 pm

PIXY

Shiftpixy has terminated Scott Absher as CEO, Chairman, and President following an investigation into allegations against him. Jonathan Feldman has been appointed as Chief Restructuring Officer to lead ongoing operations.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 10:18 am

PIXY

ShiftPixy announced that Patrice H. Launay has resigned as CFO effective immediately on October 18. This leadership change could impact the company's financial strategy and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 10:16 am

DDC

DayDayCook (NYSEAM:DDC) projects a 10%-14% revenue growth for FY23, has retired $4.8M in debt, and is expanding its US operations through acquisitions. The company has improved its corporate infrastructure and is focusing on strategic financial initiatives.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 9:08 am

META

Civil rights groups are urging social media platforms, including Elon Musk's X and Mark Zuckerberg's Meta Platforms Inc. (NASDAQ:META), to combat digital voting disinformation ahead of the 2024 election. The coalition demands clearer distinctions between fact and fiction and calls for policies to address AI-generated media and misinformation.

Portfolio Pulse from Kaustubh Bagalkote

October 22, 2024 | 8:19 am

META

SFTBF

SFTBY

SNAP

Jellysmack, backed by SoftBank, is restructuring by laying off employees and scaling back its creator program on Meta Platforms. The company is focusing on its content business amid challenges in monetization.

Portfolio Pulse from Benzinga Neuro

October 22, 2024 | 4:59 am

XRPUSD

Ripple's CEO, Brad Garlinghouse, defends co-founder Chris Larsen's $10 million XRP donation to Kamala Harris, emphasizing the importance of bipartisan support for pro-crypto policies. The donation has sparked comments from crypto analyst Ali Martinez, highlighting the ongoing legal battle over XRP's security status.

Portfolio Pulse from Aniket Verma

October 22, 2024 | 3:03 am

MCD

TSLA

Rep. Alexandria Ocasio-Cortez criticized Elon Musk and Donald Trump for their actions perceived as mocking the working class. Musk's America PAC announced a $1 million daily giveaway, while Trump was seen working at a McDonald's drive-thru. Both actions were seen as out of touch with working-class realities.

Portfolio Pulse from Shivdeep Dhaliwal

October 22, 2024 | 1:15 am

RKT

The DOJ has filed a lawsuit against Rocket Mortgage and associated appraisal companies for alleged racial discrimination in mortgage refinancing. Rocket Mortgage denies the allegations, calling it a 'massive overreach.' The lawsuit claims a Black homeowner's property was undervalued due to racial bias, leading to the cancellation of her refinance application.

Portfolio Pulse from Adam Eckert

October 21, 2024 | 10:05 pm

CHGG

Chegg's Board of Directors has approved a new severance plan for key officers, including CEO Nathan Schultz and CFO David Longo. This plan replaces existing arrangements and provides specified benefits upon a qualifying termination or change in control.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 8:33 pm