Streetbeat News

Marketing

VERB

VERB Technology Company, Inc. has launched an affiliate sales program on TikTok for its MARKET.live platform. This move is expected to increase the visibility and reach of the platform, potentially leading to increased sales and revenue.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 12:08 pm

BTCUSD

Bankrupt cryptocurrency exchange FTX has reportedly paid nearly $750,000 to former NBA player Shaquille O’Neal, along with other celebrities, as part of its marketing efforts. The payments were disclosed in court documents related to FTX's ongoing bankruptcy proceedings. Several of these celebrities, including O’Neal, are already embroiled in lawsuits filed by FTX creditors over their promotion of the company. FTX’s current management is exploring strategies to reclaim the funds paid to promoters to balance its significant debts.

Portfolio Pulse from Mehab Qureshi

September 11, 2023 | 9:04 am

AAPL

CVX

GOOG

HOFT

ILMN

LLY

PVH

SPOT

STLA

TWTR

Elon Musk's acquisition of Twitter (now X) has reportedly lost 90% of its value. General Motors' wage offer has been branded as 'insulting' by UAW President Shawn Fain. Stellantis has opened its first Battery Technology Center in Italy. Kroger and Albertsons have agreed to sell select assets to C&S Wholesale Grocers for $1.9 billion. Kroger also reported a Q2 sales decline and reached a settlement for opioid claims. UK's NICE has endorsed Eli Lilly's diabetes medication, Mounjaro. Hooker Furnishings reported a Q2 sales decline. PVH Corp's subsidiary, Calvin Klein, has signed a licensing deal with Revman. Apple has responded to the discovery of zero-day exploits. Workers at Chevron's LNG projects in Australia have gone on strike. Zoom has engaged with regulators over Microsoft's perceived anticompetitive behavior. Google has cut ties with Joshua Wright over sexual harassment allegations. Goldman Sachs is preparing for another round of job cuts. Spotify plans to offer free audiobooks to its paying subscribers. Carl Icahn has shown support for Illumina's new CEO.

Portfolio Pulse from Vandana Singh

September 08, 2023 | 2:32 pm

STLA

TSLA

Tesla Inc (NASDAQ:TSLA) will be attending the Detroit Auto Show for the first time since 2015, highlighting its leadership in EV production and deliveries. The event will also feature other major automakers like General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F), Stellantis NV (NYSE: STLA) and Toyota Motor Corporation (NYSE: TM). Tesla's return to the event after an eight-year hiatus underscores the show's significance and hints at the company's renewed interest in being more involved with automotive events.

Portfolio Pulse from Chris Katje

September 07, 2023 | 9:08 pm

MGM

BetMGM, a leading sports betting and iGaming operator, has launched a new version of its sports betting app for the 2023-24 football season. The updated app includes features such as a free $100,000 survivor pool, enhanced functionality with same-game parlays, and more. BetMGM currently operates in 26 markets with mobile and retail offerings. The company continues to focus on responsible gambling education as it expands to new markets.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 7:19 pm

ADDYY

CMCSA

NKE

French President Emmanuel Macron has stated that the Russian flag should not fly at the 2024 Paris Games due to Russia's invasion of Ukraine. The International Olympic Committee (IOC) has not sent formal invitations to Russia or Belarus, but individual athletes may still participate. This could impact broadcasting companies like Comcast Corporation and major sponsors like Coca-Cola Co, as well as sportswear companies like Nike Inc and Adidas AG-ADR, due to potential boycotts or reduced interest.

Portfolio Pulse from AJ Fabino

September 07, 2023 | 5:09 pm

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., is set to update its advertising policy related to cryptocurrency and blockchain-based games, effective from September 15, 2023. The update will clarify rules around promoting NFTs, NFT gaming, blockchain gaming, and related products on Google Ads. The policy will not allow promotion of social casino games that reward NFTs, games where players can barter NFTs, and promotions related to real money gambling destinations. Advertisers must adhere to specific requirements and be certified by Google.

Portfolio Pulse from Khyathi Dalal

September 07, 2023 | 4:17 pm

STLA

Stellantis NV has confirmed that its Lancia brand will return to the French market with the all-new Lancia Ypsilon, which will be available in France in the second half of 2024.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 3:34 pm

PTON

Peloton (NASDAQ:PTON) has announced the expansion of its product offerings in Canada with the addition of Peloton Row. The new product will be available for purchase this holiday season and will be showcased in all Peloton Showrooms across the country. Peloton Row offers a low-impact, full-body cardio and strength workout, with unique features such as Form Assist, Form Rating and Insights, Personal Pace Targets, and a 23.8" HD Swivel Screen.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 2:02 pm

CRLBF

Cresco Labs Inc. (OTCQX:CRLBF) has announced a new partnership with Spotify, marking the first time a cannabis company has advertised on the audio streaming platform. The ad campaign will promote the benefits of shopping at Sunnyside dispensary and will include 30-second audio and in-app digital banners. Cresco's shares traded 5.4519% higher at $2.1934 per share after the market close on Wednesday.

Portfolio Pulse from Jelena Martinovic

September 07, 2023 | 12:49 pm