By Chris Morris November 28, 2023 Reddit’s long on-again, off-again plans to go public might be on yet again. Bloomberg reports that the social media giant has once more begun holding talks with potential investors, with optimism rising about a possible window for public debuts. A Reddit IPO could come as early as the … Continue reading Reddit’s long-awaited IPO might finally be happening soon
By Sam Becker November 09, 2023 It hasn’t been a cinematic day for AMC Entertainment, the parent company of AMC Theatres. As of late Thursday morning, AMC’s stock price fell by nearly 20% shortly after the company released its third-quarter 2023 earnings results. That earnings report wasn’t necessarily bad—it showed the company grew revenue … Continue reading What the hell is happening with AMC stock?
By Emily Price August 01, 2023 Massive layoffs are coming to CVS. The pharmacy chain announced plans to lay off around 5,000 employees on Tuesday to cut costs and focus on providing customers more comprehensive health services. According to the Wall Street Journal, which first reported the news, the layoffs will reportedly primarily impact … Continue reading CVS Health is laying off thousands of employees: What’s happening and why
By Christopher Zara July 17, 2023 Lead-footed telecom investors are racing for the exits over fears that AT&T, Verizon, and other industry giants could be on the hook for potential health risks posed by decades-old infrastructure. According to a report Monday by analyst firm MoffettNathanson, four major telecom firms have shed a combined $18 … Continue reading Telecom stocks are shedding billions in market value. Here’s what’s happening
By Cora Lewis—Associated Press February 28, 2023 The Supreme Court is meeting Tuesday to hear two cases challenging President Joe Biden’s student loan forgiveness plan. At stake: forgiveness of up to $20,000 in debt for more than 40 million Americans. Nearly half of those people could have their federal student debt wiped out entirely. Already, about … Continue reading What’s happening with student loan forgiveness? The latest on the Supreme Court showdown
By Michael Grothaus November 18, 2022 If you’ve been on Twitter this morning, you’ve probably seen the trending hashtags #TwitterMigration, #RIPTwitter, and #TwitterIsOverParty. The overall gist of the people posting these hashtags seems to be a fear of Twitter’s imminent collapse. Here’s what to know about the event that is fueling that fear. What’s … Continue reading What’s happening to Twitter? Fears of a platform on the brink as offices shut down, chaos ensues
Elon Musk has begun his takeover of Twitter Twitter could change dramatically under Musk’s leadership. K. Bell @karissabe Dado Ruvic / reuters After months of legal drama, Elon Musk has begun his takeover of Twitter, according to The Wall Street Journal and The Washington Post. His first move was to fire CEO Parag Agrawal, Chief … Continue reading Twitter warns employees that layoffs are happening Friday
By Sam Becker August 31, 2022 We may have reached the “beyond” portion of Bed Bath & Beyond’s wild ride as a meme stock. Bed Bath & Beyond (BBBY) stock caught the attention of meme stock traders on internet message boards like Reddit’s r/WallStreetBets in recent weeks, and since the beginning … Continue reading What’s happening with BBBY? Reddit’s favorite meme stock has a lot going on right now
By Tigran Sloyan July 28, 2022 We’re all scared, and we should be. Thousands of people in our industry have lost their jobs, and thousands more may still do so. But it’s not surprising, or ahistorical, or anything other than the same cycle of hubris that high-growth companies has been experiencing for years. … Continue reading How to stop the tech layoff cycle from happening again
By Christopher Zara July 22, 2022 The wild growth that Snapchat and other social media companies enjoyed during the lockdown phase of the COVID pandemic is looking farther and farther in the rearview mirror. Shares of Snap Inc. are tumbling in premarket trading on Friday after the company reported disappointing financial … Continue reading Snap stock price tanks in a warning sign for social media investors: Here’s what happening
