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AIRS

Fuzzy Panda Research released a short report on AirSculpt Technologies Inc (NASDAQ:AIRS), alleging unethical marketing practices, safety concerns, and credibility issues. The report claims instances of patient harm, unqualified doctors, false advertising, and non-existent patents, leading to a 20.50% drop in AIRS shares to $4.93.

Portfolio Pulse from Vandana Singh

February 23, 2024 | 3:43 pm

BCS

A U.S. judge has ruled that Barclays must face part of a shareholder lawsuit related to a $17.7 billion debt sale mistake. The lawsuit alleges that Barclays misled investors about its debt sales practices.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 3:39 pm

META

Meta Platforms Inc (NASDAQ:META), the parent company of Facebook and Instagram, is under scrutiny for the misuse of its paid subscription tools, which have been exploited for child exploitation. Internal teams found 'parent-managed minor accounts' selling content to adults displaying sexual interest. Despite the absence of illegal content, some parents engaged with sexually explicit messages about their children. Meta's algorithms promoted such accounts to users with pedophilic interests, worsening the issue. The company is developing an automated system to restrict suspected pedophiles from subscribing to these accounts. Incidents of online enticement more than doubled in 2023 from 2022, with children falling prey to 'sextortion'. META shares are trading higher by 0.43% at $488.23.

Portfolio Pulse from Anusuya Lahiri

February 23, 2024 | 3:36 pm

AIRS

Fuzzy Panda Research released a report on AirSculpt Technologies (AIRS), alleging serious malpractices including patient death, unqualified doctors, false advertising, and photoshopped patient images. The report claims AirSculpt's technology is not unique, accuses the company of unsafe medical practices, and states that its founder, Dr. Aaron Rollins, has suspect credentials. Fuzzy Panda Research is short AirSculpt Technologies.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 1:48 pm

AAPL

Apple Inc.'s (NASDAQ:AAPL) Vision Pro users report unexplained cracks in the device's front glass, leading to potential $800 repair bills. The issue, highlighted by multiple Reddit users, occurs at the nose bridge, suggesting a design flaw. Apple advises affected users to pay a deductible for repairs, raising concerns about the device's durability and cost-effectiveness. This adds to previous concerns about the device's scratch resistance and user comfort.

Portfolio Pulse from Rounak Jain

February 23, 2024 | 12:11 pm

CALX

Calix has revised its Q4 per share loss to $0.10 from the previously reported $0.06 on January 29, due to an agreement to settle litigation.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 11:41 am

NKLA

Nikola Corp (NASDAQ:NKLA) aims to deliver at least 100 battery-electric trucks in 2024 after addressing fire issues that led to recalls last year. The company plans to restart deliveries in late Q3 or early Q4 2024, with recalled vehicles returned to customers by end of Q2 or early Q3 after receiving new battery packs. The upgraded trucks will feature improved battery packs and other enhancements. Nikola produced 38 trucks last year, down from 258 in 2022, with a gross loss of $214.1 million, attributed to the recall costs.

Portfolio Pulse from Anan Ashraf

February 23, 2024 | 10:36 am

BTCUSD

Cryptocurrency exchange Kraken is seeking to dismiss an SEC lawsuit, arguing that cryptocurrencies are commodities, not securities. The SEC had sued Kraken for operating without proper registration, but Kraken contends that the SEC's claims don't meet the Howey Test criteria for securities. Kraken also accuses the SEC of overstepping its jurisdiction without clear Congressional authorization.

Portfolio Pulse from Mehab Qureshi

February 23, 2024 | 5:58 am

AAPL

SPOT

Apple Inc. is accused by Spotify Technology SA of seeking free access to its tools amidst a looming $500 million EU fine for anti-competitive App Store policies. The EU's decision, expected to address Apple's 'anti-steering' rules, follows a complaint by Spotify in 2013. Apple defends its support for developers, including Spotify, and highlights its revised App Store Guidelines allowing alternative payment methods. Spotify criticizes Apple's policies for favoring its own music service and imposing restrictions on competitors.

Portfolio Pulse from Ananya Gairola

February 23, 2024 | 2:37 am

AMZN

Amazon.com Inc has advised its employees against using third-party generative AI tools for work-related tasks, citing concerns over data ownership. This comes as Amazon has been developing its own generative AI and machine learning models, like Amazon CodeWhisperer and new experiences on Alexa. Despite a strict policy against using tools like OpenAI's ChatGPT for confidential work, Amazon recently signed a $1 billion deal with Microsoft for Microsoft 365 licenses. The company has faced challenges with its AI chatbot 'Q' but continues to innovate in AI, with Jeff Bezos expressing optimism about generative AI tools.

Portfolio Pulse from Benzinga Neuro

February 23, 2024 | 2:10 am