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META

SNAP

Wedbush's Dan Ives discussed the potential impacts of a TikTok ban on major tech companies like Meta and Snap, describing it as a 'slippery slope' and a 'watershed moment.' The U.S. House of Representatives passed a bill that could lead to a TikTok ban if ByteDance doesn't sell the app. This development is seen as incrementally positive for Meta and Snap, but the situation remains uncertain as the bill moves to the Senate.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 10:11 am

MSFT

OpenAI CTO Mira Murati revealed in an interview that the release of the Sora AI model is delayed due to concerns over its potential misuse for spreading misinformation. Despite its impressive demonstration, OpenAI, backed by Microsoft Corp. (NASDAQ:MSFT), is still refining Sora AI's safety features, including watermarking videos and establishing content provenance. The company is also considering the ethical implications of AI-generated content, such as the generation of videos involving nudity.

Portfolio Pulse from Rounak Jain

March 14, 2024 | 8:41 am

SQ

Jack Dorsey reminisced about starting to program Twitter in 2006, as shared by Bloomberg's Jon Erlichman on X. Dorsey, a co-creator and former CEO of Twitter, now owned by Elon Musk and renamed X, highlighted his nostalgic connection. Despite being fired from Twitter in 2008 and returning in 2015, Dorsey's journey includes rejecting an offer from Meta Platforms Inc. and witnessing Twitter's high-profile IPO in 2013. After Musk's acquisition, significant changes occurred, including layoffs and the unbanning of controversial accounts. The platform's value reportedly dropped to $19 billion, less than half of its purchase price, by October 2023.

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 8:07 am

TSLA

Tesla Inc's Berlin gigafactory resumed production after a week-long pause due to an arson attack. CEO Elon Musk visited the factory, highlighting its recovery. The attack, claimed by the 'Vulkan' Group, temporarily halted production. Tesla aims to expand the factory's capacity for battery and car production.

Portfolio Pulse from Anan Ashraf

March 14, 2024 | 6:00 am

META

Gene Munster, managing partner at Deepwater Asset Management, echoed former President Donald Trump's views on a potential TikTok ban, suggesting it could benefit Meta Platforms Inc. (META) as users might turn to Instagram Reels. The U.S. House passed a bill requiring ByteDance to divest TikTok within a year or face a ban. The bill's future in the Senate remains uncertain, with Munster estimating a 25% chance of a TikTok ban. Trump has expressed mixed feelings about the ban, noting it could inadvertently benefit Facebook (owned by Meta).

Portfolio Pulse from Ananya Gairola

March 14, 2024 | 4:39 am

AAPL

TSLA

The TikTok crackdown bill, approved by the House and heading to the Senate, could lead to China retaliating against U.S. companies, notably Apple Inc (AAPL) and Tesla Inc (TSLA), as per Eric Jackson of EMJCapital. The bill aims to force TikTok's Chinese owners to sell the app or face a U.S. ban, raising concerns about potential impacts on Apple and Tesla's operations in China.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 2:12 am

CB

Chubb Ltd (NYSE:CB) CEO Evan Greenberg clarified that underwriting Donald Trump's $91.63M appeal bond in the E. Jean Carroll defamation lawsuit does not imply support for any party. The decision was based on supporting the rule of law, and the bond is fully collateralized. Trump's bond payment has raised concerns about national security and his ability to serve as president.

Portfolio Pulse from Benzinga Neuro

March 14, 2024 | 12:42 am

RDDT

Reddit Inc (NYSE:RDDT) is preparing for its IPO, targeting a $6.4 billion valuation despite concerns over its financial health, including a negative shareholder's equity of $412.9 million and a net income loss of $90.8 million. Discussions on r/stocks, particularly by user GuitarHero52, have sparked debates on Reddit's valuation, capital structure, and leadership, leading to mixed sentiments among investors. Some users are bullish, while others foresee a potential short opportunity, highlighting the company's controversial business model and management decisions.

Portfolio Pulse from Surbhi Jain

March 13, 2024 | 9:04 pm

NXPI

PI

Impinj shares are trading higher following the announcement of a patent litigation settlement with NXP Semiconductors, indicating a positive resolution to the legal dispute.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:51 pm

NXPI

PI

Impinj has reached a settlement in its patent litigation with NXP Semiconductors. As part of the agreement, NXP will make a one-time payment of $45 million to Impinj and will also make annual license fee payments.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:23 pm