Streetbeat News

Marketing

META

Elon Musk has criticized Meta Platforms, Inc. (NASDAQ:META) for allegedly taking credit for traffic originating from his platform, X (formerly Twitter). This criticism follows a lawsuit in Japan against Meta for not verifying ad authenticity, highlighting ongoing issues with Meta's advertising system. Musk also mentioned a personal dissatisfaction with community notes on X, using it to emphasize the platform's efforts in ad verification. Amidst these challenges, Musk has invited advertisers to return to X, pointing out Meta's advertising system glitches and its impact on advertisers.

Portfolio Pulse from Ananya Gairola

April 30, 2024 | 4:40 am

FOX

PARA

NFL Commissioner Roger Goodell discussed potential changes to the NFL schedule, including moving the Super Bowl to align with Presidents' Day weekend, potentially making the day after the Super Bowl a de facto holiday. This move could increase viewership and advertising revenue for the Super Bowl, which is beneficial for companies with media deals with the NFL and sportsbooks. Paramount Global and Fox Corporation, with rights to broadcast the Super Bowl, could see increased advertisement charges due to higher viewership expectations.

Portfolio Pulse from Chris Katje

April 29, 2024 | 9:51 pm

AMZN

MSFT

SONY

Bethesda, a Microsoft Corp. subsidiary, clarified that the free next-gen update for Fallout 4 on PlayStation 5 is exclusive to PlayStation Plus Extra members, excluding those who obtained the game through the PS Plus Collection. The update, which aims for 4k resolution and 60fps on Xbox Series X, has faced technical issues. This clarification follows confusion among players and coincides with the success of Amazon.com Inc's Fallout TV show, which has boosted game play.

Portfolio Pulse from Franca Quarneti

April 29, 2024 | 8:56 pm

MED

Medifast has announced that 2024 will be a year focused on investment for future growth, indicating strategic plans to enhance its business operations and market position.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:47 pm

WT

WisdomTree, Inc. outlines its performance, recent milestones, and growth strategy in a letter to stockholders ahead of the 2024 Annual Meeting. The company highlights a 40% stock price increase over the past year, surpassing its 5-year high, and a market capitalization increase of approximately $200 million since the 2023 annual meeting. WisdomTree reports record AUM of $107.2 billion as of March 31, 2024, and significant revenue growth. The letter also addresses the company's expansion into digital assets and blockchain-enabled finance, including the launch of WisdomTree Prime and a Visa Debit Card. It refutes claims made by dissident stockholder Graham Tuckwell, emphasizing the board's support for the current strategic plan and vision. WisdomTree urges stockholders to vote "FOR" all directors to continue its growth trajectory.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:41 pm

PARA

Paramount Global announces leadership changes with Bob Bakish stepping down. George Cheeks, Chris McCarthy, and Brian Robbins appointed to lead as Office of the CEO. The new leadership aims to accelerate growth, streamline operations, and optimize streaming strategy. Paramount Global's Board expresses confidence in the new leaders' ability to enhance company performance and value creation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:01 pm

DKNG

The 2024 NFL Draft set records with a focus on offensive players, especially quarterbacks and wide receivers. Detroit hosted the event for the first time, breaking attendance records. DraftKings Inc (NASDAQ:DKNG) released betting odds for the 2024 NFL Rookie of the Year, highlighting favorites among newly drafted players.

Portfolio Pulse from Chris Katje

April 29, 2024 | 7:20 pm

KULR

KULR Technology Group Inc. has posted an update on Twitter regarding their response to the KULR Marketplace, indicating a proactive engagement with their online platform.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 6:47 pm

DXLG

JWN

DXL Big + Tall has announced a strategic collaboration with Nordstrom to expand its fit expertise to a broader audience of big and tall customers. This partnership aims to leverage DXL's specialized knowledge in the big and tall market segment, offering Nordstrom's customers access to a wider range of sizes and fits. This move is expected to enhance customer experience and satisfaction by catering to a demographic that often faces limited options in mainstream retail.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 6:32 pm

TSLA

Tesla Inc (NASDAQ:TSLA) showcased its Full Self-Driving (FSD) technology in Germany to a Swedish Transport Administration official, marking its first demonstration on European roads. The event, featuring a 45-kilometer test drive in Munich with only one intervention, highlights Tesla's efforts to expand FSD's reach beyond North America amidst regulatory challenges in Europe. The demonstration, conducted in a Model Y, aimed to engage European regulators and showcase FSD's capabilities within the continent's strict autonomous driving regulations.

Portfolio Pulse from Benzinga EV Insights

April 29, 2024 | 5:46 pm