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LinkedIn, owned by Microsoft Corp (NASDAQ:MSFT), has seen its annual advertising revenue increase to nearly $4 billion in 2023, a 10.1% rise from the previous year. Insider Intelligence predicts a further 14.1% growth in 2024. The platform's ad prices have risen by up to 30% due to high demand. LinkedIn's user targeting capabilities have attracted advertisers, especially as companies like Apple Inc (NASDAQ:AAPL), Walt Disney Co (NYSE:DIS), and Walmart Inc (NYSE:WMT) have reduced their presence on Elon Musk's platform 'X' following an anti-Semitic row involving Musk. Despite its growth, LinkedIn's U.S. digital advertising market share is still small at 1.5%, compared to Google's 27% and Meta Platforms Inc's 21%. LinkedIn is also exploring advertising on connected TV apps and a premium advertising slot similar to 'X's' Amplify.

Portfolio Pulse from Anusuya Lahiri

December 28, 2023 | 4:37 pm

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The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, META, TSLA, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price targets and support levels for each asset, suggesting traders be vigilant and ready to adjust strategies in response to market movements. Upcoming employment data and Treasury auctions may add volatility. The memo is part of a service offered by Market Clubhouse, which includes live market analysis and trading mentorship by a professional trader known as RIPS.

Portfolio Pulse from RIPS

December 28, 2023 | 3:51 pm

ALEAF

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TLRY

The most-read cannabis stories of 2023 on Benzinga included a range of topics from the benefits of cannabis for aging brains, political shifts towards legalization, and high-profile celebrity endorsements. Key highlights include a study suggesting cannabis does not negatively impact cognition in older adults, Elon Musk's comments on psychoactive drugs, a man ditching morphine for marijuana to alleviate arthritis, Aleafia Health's expansion into Europe's medical cannabis market, a pathogen threatening California's cannabis crops, Florida's telehealth renewals for medical marijuana, GOP senators admitting legalization impacts drug cartels, Tilray's acquisition of beer brands from Anheuser-Busch, Snoop Dogg's anti-Trump TikTok video, Georgia's medical cannabis sales in pharmacies, and Ohio's GOP-led Senate approving expanded marijuana legislation.

Portfolio Pulse from Nina Zdinjak

December 28, 2023 | 2:54 pm

LOPE

The FTC has sued Grand Canyon Education, Inc. (LOPE) and Grand Canyon University for deceptive marketing practices regarding their doctoral programs. The lawsuit alleges that the institutions misrepresented the cost and course requirements, falsely marketed themselves as a nonprofit, and made abusive telemarketing calls. The FTC's complaint highlights that less than 2% of GCU doctoral graduates completed their program at the advertised cost, with most requiring additional costly continuation courses.

Portfolio Pulse from Nabaparna Bhattacharya

December 28, 2023 | 2:29 pm

BITQ

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F

MSTR

PLTR

SQ

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Bitcoin SV surged 51%, outperforming Bitcoin and Ethereum. Microstrategy's increased Bitcoin holdings prompted Canaccord Genuity to raise its price target. Ark Invest bought ProShares Bitcoin ETF shares and sold Coinbase, Block, and Palantir shares. In other markets, Bit Digital and Cipher Mining stocks moved higher. US politics and economy saw developments, including corporate default warnings from Fitch and a recession forecast by Peter Schiff. Tech giants like Google, Apple, and Microsoft made headlines with AI and security updates. In the EV sector, Tesla and Xiaomi made news, while Ford recalled F-Series cars. Credit Suisse was fined by Singapore, and New Fortress Energy secured a significant contract in Brazil.

Portfolio Pulse from Akanksha Bakshi

December 28, 2023 | 2:10 pm

ZKIN

ZK International Group Co., Ltd. (ZKIN) announced a series of positive developments including the launch of a new website, rebranding, a successful $8M bid with Chongqing Gas Group, a $5M financing round, and Nasdaq compliance. The new website aims to enhance stakeholder engagement and transparency. The $8M bid strengthens ZK International's presence in the Western China Gas Market. The $5M financing will support the company's growth and international expansion. ZKIN has also resolved its bid price deficiency and is now Nasdaq compliant, with assistance from Donohoe Advisory Associates LLC.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 2:06 pm

GETY

Getty Images has entered into a multi-year agreement to become the official photo distribution and licensing provider for the College Football Playoff (CFP). The deal includes rights to distribute and license photos from all CFP games and events, including the National Championship and the expanded 12-team playoff format for the 2024 and 2025 seasons, through gettyimages.com.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 1:59 pm

DATS

DatChat has launched a new AI social gaming platform along with a developer program aimed at game designers and content creators. The company also released its full HabyPets AI-powered interactive game.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 1:49 pm

FKWL

Sinnet Capital Partners has written to the board of Franklin Wireless (FKWL), urging them to return cash to shareholders through a special dividend and a stock buyback. They highlight FKWL's cash growth from $12.9 million to $33.6 million since March 2020, with no debt and $2.86 per share in cash. Sinnet suggests a $1.00 per share dividend and a $10 million Dutch tender buyback. They also recommend hiring an IR firm to issue press releases for significant events and earnings, noting the lack of national press releases has affected stock performance, which has declined despite significant contracts and revenue growth.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 1:11 pm

FSR

Fisker has upgraded its loyalty program to provide lifetime benefits, rewards, exclusive perks, and giveaways to its customers. This enhancement aims to improve customer retention and brand loyalty.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 11:34 am