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BZFD

BuzzFeed Inc (NASDAQ:BZFD) and Vice Media are facing financial difficulties, leading to downsizing and asset sales. BuzzFeed's stock has dropped over 97% since its 2021 IPO, and it is now looking to sell its food-focused sites Tasty and First We Feast. Vice Media, overseen by Fortress Investment Group after bankruptcy, is trying to sell Refinery29 after a failed attempt to sell the entire company. Both companies are struggling with a volatile advertising market and reduced traffic, reflecting broader industry challenges for digital media.

Portfolio Pulse from Vandana Singh

January 25, 2024 | 8:06 pm

MTCH

Evercore ISI has indicated that a change in Apple's fee structure could potentially lead to a 5% or more increase in Match Group's adjusted operating income for 2024. This assessment suggests that Match Group (MTCH) could benefit financially from the adjustments made by Apple.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:56 pm

OPTT

Paragon Technologies, a 4.8% shareholder in Ocean Power Technologies, is campaigning for shareholders to vote for its board nominees using the Blue Proxy Card. Paragon is actively seeking to influence the board composition of OPTT.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:13 pm

BA

LUV

Southwest Airlines CEO expresses full confidence in Boeing's ability to address quality issues in collaboration with the FAA, and believes Boeing will emerge as a better company.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:46 pm

PARA

Paramount CEO Bob Bakish announced layoffs at the company, aiming to operate more leanly and manage costs effectively. The exact number of layoffs was not disclosed. Paramount is also reducing international content spending. The company will report quarterly earnings at the end of February and will provide more details on its 2024 strategy. This news comes amidst industry-wide layoffs and reports of Skydance Media's interest in taking Paramount private.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:35 pm

BA

LUV

Southwest Airlines CEO expressed confidence in Boeing's ability to resolve its issues with the FAA and believes Boeing will emerge as a better company.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:15 pm

BA

LUV

Southwest Airlines CEO stated during a conference call that the company's current focus is on their fleet plan with Boeing, particularly on acquiring the MAX-7 aircraft. However, he acknowledged that Southwest is not in control of the certification date for the MAX-7, which is necessary before the planes can be added to their fleet.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:14 pm

LUV

Southwest Airlines CEO expressed strong confidence in the Boeing 737 MAX 8 during a conference call. The CEO also voiced support for the FAA and its efforts to enhance oversight and improve quality standards for aviation.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:11 pm

LUV

Southwest Airlines CFO anticipates capital expenditures for 2024 to be between $3.5 billion and $4 billion. The company has refined its capacity plans for the current year, allowing for increased flying during shoulder periods, as discussed in a conference call.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:10 pm

AAPL

VGK

Apple Inc. is making significant changes to its App Store in the European Union in response to new digital legislation. The company will allow third-party streaming gaming services to operate globally, and it will implement changes to iOS, Safari, and the App Store specifically for EU customers.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:03 pm