Streetbeat News

Legal

RBLX

Roblox Corp. (NYSE:RBLX) has denied accusations from Hindenburg Research of inflating user metrics and failing in child safety. Hindenburg claims Roblox inflates daily active users and engagement hours, and fails to protect young users. Roblox refutes these claims, asserting accurate reporting and robust safety measures. Insider stock sales were also highlighted, with $1.7 billion sold since 2021. Roblox's upcoming earnings call on Oct. 31, 2024, will be crucial for addressing these issues.

Portfolio Pulse from Franca Quarneti

October 09, 2024 | 4:48 pm

ACHC

A senator has called on the Department of Justice to investigate youth treatment centers following a probe that revealed widespread abuse. This could impact companies operating such centers, including Acadia Healthcare (ACHC), which may face increased scrutiny and potential legal challenges.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:19 pm

DD

DuPont has filed a complaint with the International Trade Commission against Xiamen Dangsheng New Materials and Jiangsu Qingyun New Materials to block the importation of products infringing on its Tyvek brand intellectual property.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 1:03 pm

GOOGL

The U.S. Department of Justice (DoJ) is contemplating requesting a federal judge to mandate Google to divest parts of its business to dismantle its online search monopoly. This move is part of an ongoing antitrust case against Google.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 11:04 am

GOOG

GOOGL

The DOJ is considering breaking up Google due to antitrust violations, focusing on its use of platforms like Chrome and Android to maintain search dominance. Potential remedies include structural changes and limiting agreements with companies like Apple and Samsung. Google criticizes these measures as 'radical.'

Portfolio Pulse from Kaustubh Bagalkote

October 09, 2024 | 7:33 am

GOOGL

META

SNAP

TikTok is facing lawsuits from 13 U.S. states and the District of Columbia, accusing it of fostering social media addiction among young users to boost profits. The legal action follows a bill that could force TikTok's parent company, ByteDance, to sell or face a U.S. ban. Competitors like Meta, Snap, and Alphabet could benefit from TikTok's legal challenges.

Portfolio Pulse from Ananya Gairola

October 09, 2024 | 3:28 am

X

Brazil's Supreme Court has lifted the ban on Musk's social media platform X, allowing it to resume operations in Brazil after settling fines related to misinformation. This decision ends a month-long suspension in its largest Latin American market.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:42 pm

VXRT

Vaxart has announced the termination of its sales agreement with sales agents, effective October 18, without incurring any termination penalties, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 8:15 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets, including Bitcoin, Ethereum, and Dogecoin, are trading lower due to China's stimulus measures being less than expected. Despite this, there are significant developments such as Fidelity's large Bitcoin purchase and legal battles involving Crypto.com. Analysts predict potential upward movement for Bitcoin.

Portfolio Pulse from Khyathi Dalal

October 08, 2024 | 7:32 pm

N/A

The Justice Department has filed a lawsuit against LA Fitness, operated by Fitness International LLC, for alleged violations of the Americans with Disabilities Act (ADA). The lawsuit claims that LA Fitness has failed to provide equal access to its facilities for people with disabilities, citing issues such as broken pool lifts and elevators. The department seeks to eliminate these barriers and ensure compliance with ADA requirements.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 7:00 pm