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META

During a Senate hearing on tech companies' role in online child exploitation, Meta Platforms Inc. CEO Mark Zuckerberg was heckled by parents. Later, X CEO Linda Yaccarino promised to make the internet safer, stating X's commitment to combating child sexual exploitation (CSE). Yaccarino highlighted X's efforts, including the suspension of 12.4 million accounts for CSE policy violations, an increase from Twitter's 2.3 million in 2022. X also supports legislative efforts to protect children online. The article contrasts this with past reports of Instagram facilitating connections between pedophiles and content sellers, and advertisers withdrawing from Twitter due to ads appearing next to child pornography solicitation.

Portfolio Pulse from Ananya Gairola

February 01, 2024 | 2:23 am

SPHR

Sphere Entertainment's Las Vegas Sphere venue gained attention with U2 concerts and viral ads. It's set to benefit from Super Bowl LVIII with ad rates up to $2M for the week. Dead & Company, featuring Grateful Dead members, confirmed potential shows at the Sphere. Sphere Entertainment reported Q1 revenue of $118M, down 4% YoY, with $7.8M from the Sphere. The second quarter will include U2 concert revenue and Super Bowl ad earnings. SPHR shares were up 0.6% to $35.38.

Portfolio Pulse from Chris Katje

January 31, 2024 | 10:41 pm

TSLA

Elon Musk's tweet featuring a video of Tesla's humanoid robot, Optimus, caused a 25% surge in the price of the memecoin Optimus AI (OPTI). Blockchain entrepreneur Bruno Volcovinsky commented on the quick money-making opportunity this presents for investors. Crypto analyst Tiredwtf noted Musk's significant influence on crypto prices, referencing past surges in Dogecoin and other Elon-inspired coins. However, the price of OPTI has since corrected, falling back to around 20 cents.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 10:22 pm

EA

Electronic Arts Inc (NASDAQ:EA) CEO Andrew Wilson hinted at the development of an EA Sports metaverse during an earnings call. He highlighted the EA player community's size, over 700 million users, and the deep engagement of players who spend an average of 90 minutes per session. EA's recent earnings report showed net bookings of $2.37 billion and net revenue of $1.945 billion for the quarter ending December 31, 2023. EA Sports FC and Madden were significant contributors to this success. Wilson's comments suggest a strategic move towards a potential EA Sports metaverse, leveraging the company's strong community engagement.

Portfolio Pulse from Franca Quarneti

January 31, 2024 | 9:41 pm

QCOM

Qualcomm President and CEO Cristiano Amon highlighted the company's momentum, citing its leading Snapdragon platforms and technological advancements in connectivity, computing, and on-device generative AI. These innovations span across various sectors including Handsets, Automotive, PC, XR, and Industrial IoT.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 9:00 pm

AAPL

AMZN

DIS

FWONA

FWONK

GM

Formula One, under Liberty Formula One Group (FWONA, FWONK), rejected a bid by Michael Andretti and General Motors (GM) to add an all-American team. The proposal included using Renault engines, but Formula One suggested Andretti could join in 2028 with GM engines. This decision may affect U.S. growth and ESPN's media rights, owned by Disney (DIS), which recently renewed U.S. rights for $75-90 million annually. Amazon (AMZN) and Apple (AAPL) showed interest in F1 media rights, with Apple rumored to be willing to pay $2 billion annually for global rights.

Portfolio Pulse from Chris Katje

January 31, 2024 | 8:19 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) has announced a partnership with NBA superstar LeBron James, who will serve as a talent ambassador sharing NFL picks and content. This move comes without financial terms being disclosed and follows a previous partnership with Michael Jordan, who also has an equity stake in the company. The deal aims to leverage James' significant social media following to boost brand awareness and attract new customers. However, sports reporter Darren Rovell expressed skepticism about the deal's potential success. DraftKings shares were trading down 2.04% at $39.47 on Wednesday.

Portfolio Pulse from Chris Katje

January 31, 2024 | 8:18 pm

INGN

Inogen, Inc (NASDAQ:INGN) shares surged after Citron Research tweeted about the company, highlighting that Philips, a major competitor in the portable oxygen concentrator (POC) market, has unexpectedly exited the market. This news was seen as potentially beneficial for Inogen, as it could lead to increased market share. The stock had already risen over 10% before the tweet and climbed almost another 7% following the post. Despite this, Inogen's stock is still down about 70% from the previous year.

Portfolio Pulse from Ryan Gustafson

January 31, 2024 | 8:03 pm

AVAXUSD

USDTUSD

NBA star Dwight Howard's NFT collection 'Ballers by Dwight Howard' has been accused of being a 'rugpull' by blockchain investigator ZachXBT. The collection, which offered 3,000 NFTs on the Avalanche network at 2 AVAX each, only sold 10% after launch. Efforts to redesign the NFTs, incentivize buyers, and reduce supply to 1,500 did not significantly improve sales, with only 15% minted and the floor price falling below mint price. Ava Labs distanced themselves from the project. Meanwhile, Peckshield reported a 27.78% decrease in crypto losses from cybercrimes in 2023, with $674.9 million recovered from hacks.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 6:41 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

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Portfolio Pulse from RIPS

January 31, 2024 | 4:24 pm