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Marketing

GOOG

META

Elon Musk and Marc Andreessen highlighted a statistic showing a significant decline in socializing among American teens, with less than 60% going out with friends more than twice a week, a drop from nearly 80% in the 1970s. The report attributes this decline to increased screen time and a shift towards digital interaction, which correlates with rising feelings of loneliness, depression, and suicidal thoughts among teenagers. Concurrently, New York City has sued TikTok, Meta Platforms Inc. (META), and Alphabet Inc. (GOOG, GOOGL) over alleged harm to kids' mental health, accusing them of designing platforms that addict young users with minimal parental oversight.

Portfolio Pulse from Rounak Jain

February 15, 2024 | 11:41 am

TGT

Target has launched a new low-price brand named Dealworthy, aimed at providing consumers with exceptional value on nearly 400 everyday essentials. This move is part of Target's strategy to attract more price-conscious shoppers by offering a wide range of affordable products.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:14 am

AAPL

GOOG

SSNLF

A report by CIRP reveals that 13% of Android users switched to iPhone in 2023, slightly down from 2022 but above the four-year average. Apple's strategy includes creating a 'walled garden' to attract Android users. However, Apple faces challenges with the iPhone 15 Pro's customer satisfaction ratings declining. Google and Samsung are collaborating to integrate Generative AI features into the Galaxy S24 series, potentially countering Apple's dominance.

Portfolio Pulse from Rounak Jain

February 15, 2024 | 9:45 am

BYDDY

Ford Motor Co views Chinese EV makers as a significant strategic threat to its business in the U.S., with Ford's EV COO Marin Gjaja highlighting the technological advancements and strategic moves, such as potential factory setups in Mexico by Chinese companies like BYD Co Ltd, to circumvent U.S. tariffs. Ford is focusing on cost and efficiency in its EV development to compete with Tesla and affordable Chinese EVs.

Portfolio Pulse from Anan Ashraf

February 15, 2024 | 8:15 am

GOOG

GOOGL

META

SNAP

New York City has filed a lawsuit against ByteDance, Meta Platforms Inc. (META), Snap Inc. (SNAP), and Alphabet Inc. (GOOG, GOOGL), accusing them of causing mental health issues among young users by designing and marketing their platforms to addict them. The lawsuit, filed in Los Angeles, alleges violations of city laws related to public nuisance and gross negligence. The companies defend their practices, highlighting efforts to create safe, age-appropriate experiences for teenagers.

Portfolio Pulse from Ananya Gairola

February 15, 2024 | 4:15 am

BTCUSD

DOGEUSD

ETHUSD

Dogecoin (DOGE) experienced an 8% price increase, outperforming Bitcoin (BTC) and Ethereum (ETH), which saw 4-6% gains. The surge coincides with the 14th internet anniversary of the Shiba Inu dog Kabosu, the face of Dogecoin. Social dominance for DOGE spiked by 1800% according to LunarCrush Pro. Speculation about Dogecoin's potential adoption for payments on the X platform, fueled by past comments from Elon Musk, also contributes to the interest in DOGE.

Portfolio Pulse from Mehab Qureshi

February 15, 2024 | 3:46 am

TSLA

Tesla Inc (NASDAQ:TSLA) Cybertruck owners have reported rusting issues on their vehicles' stainless-steel bodies after exposure to rain. Complaints surfaced on the Cybertruck Owners forum, with one advisor warning about the potential for rust that requires buffing out. Tesla has not commented on these reports. The rusting concerns add to previous issues regarding the Cybertruck's stainless steel body, including potential changes in color and reflective properties. Despite these challenges, Tesla continues to make improvements to the Cybertruck, including efforts to lower its turning radius.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 3:13 am

DIS

'Deadpool 3' trailer, released during Super Bowl LVIII, has become the most viewed movie trailer in 24 hours with 365 million views, surpassing 'Spider-Man: No Way Home.' The movie, starring Ryan Reynolds and Hugh Jackman, is set for a July 26, 2024 release by Walt Disney Co (NYSE:DIS). This third installment could potentially become the highest-grossing R-rated movie, aiding Disney in recovering from a box office slump in 2023.

Portfolio Pulse from Chris Katje

February 15, 2024 | 12:51 am

TGL

Treasure Global (TGL) anticipates that its focus on AI in Q3 2024 will facilitate its expansion plans in Indonesia and the surrounding region.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:04 pm

INTC

Intel is set to provide updates on its foundry business and process roadmap at the IFS Direct Connect event on Feb. 21 in San Jose, California. The event will feature a keynote by CEO Pat Gelsinger and other senior executives, with appearances by U.S. Secretary of Commerce Gina Raimondo and Microsoft CEO Satya Nadella. The focus will be on transforming the foundry industry for the AI era. The event will also include talks from leaders in the semiconductor and AI industries, including OpenAI CEO Sam Altman.

Portfolio Pulse from Happy Mohamed

February 14, 2024 | 9:44 pm