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Core Viewpoint - A class action lawsuit has been filed against PubMatic, Inc. for allegedly misleading investors about its business prospects during a specific period, leading to a significant drop in stock price following the release of disappointing financial results [1][2][3]. Company Overview - PubMatic, Inc. is a technology company that facilitates real-time programmatic advertising transactions for advertisers, agencies, and demand-side platforms (DSPs) [1]. Allegations - The lawsuit claims that during the class period, PubMatic failed to disclose critical information regarding a major DSP buyer shifting clients to a new platform, which impacted ad spend and revenue [2]. - The complaint highlights that on August 11, 2025, PubMatic reported a reduction in ad spend from one of its top DSP partners, which was attributed to the shift in inventory evaluation methods by the DSP [3]. Financial Impact - Following the announcement of the second quarter 2025 financial results, PubMatic's stock price fell by $2.23, or 21.1%, closing at $8.34 per share on August 12, 2025 [3]. Legal Proceedings - Shareholders interested in participating in the class action must submit their papers by October 20, 2025, to serve as lead plaintiff, representing the interests of other class members [4].

Core Viewpoint - A class action lawsuit has been filed against Snap Inc. for allegedly misleading investors about its business prospects, particularly regarding advertising revenue and growth expectations during the specified period [1][2]. Allegations - The complaint claims that Snap's management created a false impression of having reliable information about expected advertising revenue while downplaying macroeconomic instability [2]. - Snap's optimistic reports on advertising growth were found to be misleading, as they were overly reliant on the company's execution capabilities, which were already faltering [2]. Financial Results and Stock Impact - On August 5, 2025, Snap reported a slowdown in advertising revenue growth, attributing it to issues with its ad platform and external factors like the timing of Ramadan [3]. - Following this announcement, Snap's stock price dropped from $9.39 per share to $7.78 per share, marking a decline of over 17% [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Snap Inc. and can contact Robbins LLP for more information [3]. - Individuals interested in serving as lead plaintiffs are encouraged to reach out, although participation is not required for recovery eligibility [3]. About Robbins LLP - Robbins LLP is a recognized leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [4].

It was a big day for Intel stock along two important lines.Intel (INTC 5.64%) stock is leaping higher in Friday's trading thanks to a pair of bullish catalysts. The semiconductor company's share price gained 5.5% in a day of trading that saw the S&P 500 jump 1.5% and the Nasdaq Composite surge 1.8%.Intel's valuation climbed today thanks to a speech from Federal Reserve chair Jerome Powell that increased hopes among investors for an interest rate cut at the central bank's meeting next month. The stock also g ...

Core Insights - Vnet's latest quarterly earnings report has led to a significant increase in its stock price, with American Depositary Shares (ADS) rising nearly 14%, outperforming the S&P 500 index's 1.5% gain [1] Financial Performance - Vnet reported a 22% increase in overall net revenue, reaching 2.43 billion yuan ($339 million) [6] - The company's non-GAAP (adjusted) EBITDA grew almost 28% to approximately 733 million yuan ($102 million) [6] - Revenue growth from the wholesale segment surged by 81% year-over-year, despite not securing major wholesale contracts during the quarter [5] Analyst Recommendations - Jefferies' Edison Lee raised his price target for Vnet's ADS to $25.13 from $24.23, maintaining a buy recommendation [2] - Lee acknowledged that Vnet exceeded broader analyst consensus estimates for both revenue and EBITDA growth in its second quarter [4] - Vnet remains a top pick for Jefferies, indicating strong confidence in the company's future performance [4] Market Trends - The growth of artificial intelligence (AI) is positively impacting data center operators globally, including Vnet, which is well-positioned to capitalize on this trend [6]

Key Takeaways Q2 earnings for S&P 500 members are currently up +11.1% on +5.7% higher revenues. NVIDIA reflects the most important quarterly release this week, wrapping up Mag 7 reports. Other notable companies, including DG, ULTA, BBY, and CRWD are also reporting this week. The earnings release from Nvidia (NVDA) is the true highlight of this week’s earnings docket, though there are a few other bellwethers on deck to report results as well, including Best Buy (BBY) , Ulta Beauty (ULTA) , and others. We hav ...

BlackRock (BLK) closed the most recent trading day at $1,148.17, moving +2.08% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 1.52% for the day. Elsewhere, the Dow gained 1.89%, while the tech-heavy Nasdaq added 1.88%. Coming into today, shares of the investment firm had gained 0.57% in the past month. In that same time, the Finance sector gained 1.71%, while the S&P 500 gained 1.1%. Investors will be eagerly watching for the performance of BlackRock in its upc ...

In the latest close session, Copart, Inc. (CPRT) was up +2.68% at $48.96. This change outpaced the S&P 500's 1.52% gain on the day. Meanwhile, the Dow gained 1.89%, and the Nasdaq, a tech-heavy index, added 1.88%. The company's stock has climbed by 3.05% in the past month, exceeding the Business Services sector's loss of 0.57% and the S&P 500's gain of 1.1%.The investment community will be paying close attention to the earnings performance of Copart, Inc. in its upcoming release. The company's earnings per ...

Core Viewpoint - Lyft is positioning itself to leverage autonomous vehicles (AVs) as a potential game changer for its business model, aiming to gain a competitive edge in the ride-hailing market [1][2]. Company Strategy - Lyft has adopted a partnership-first approach, avoiding the high costs associated with developing AV technology in-house, and instead connecting riders with self-driving cars from various technology providers [4][6]. - Current partnerships include collaborations with Motional, Mobileye, May Mobility, and Nexar, allowing Lyft to engage in the AV ecosystem without incurring significant research and development expenses [5][10]. Economic Implications of AVs - The primary cost for Lyft is human drivers, which creates volatility in margins. AVs could eliminate this expense, transforming Lyft's unit economics and potentially allowing for lower fares or increased market share [7][8]. - AVs could enhance operational efficiency by running continuously without the need for surge pricing, thus improving utilization rates and reducing costs per ride [8]. Challenges Ahead - The path to widespread AV adoption faces significant technical and regulatory hurdles, with public acceptance still evolving. The timeline for large-scale deployment has been slower than anticipated [9][10]. - Competition in the AV market is intense, with major players like Waymo, Cruise, and Tesla heavily investing in technology. Lyft's reliance on partnerships may limit its control over technology and pricing leverage [10]. Long-term Outlook - Lyft's strategy is seen as prudent given its size and resources, allowing the company to avoid the financial pitfalls of building AV technology internally [11][12]. - Improved cash flow and recent EBITDA breakeven position Lyft to experiment with AVs without jeopardizing its core operations [13]. Investor Considerations - Lyft's AV strategy is not expected to yield immediate revenue growth, but it represents a calculated investment in a potentially disruptive technology that could reshape the ride-hailing landscape over the next decade [14][15]. - Long-term investors should monitor Lyft's operational momentum and execution in the AV space, as successful integration of autonomous providers could enhance service offerings and market reach [15].

SAN DIEGO, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired SelectQuote, Inc. (NYSE: SLQT) securities between September 9, 2020 and May 1, 2025. SelectQuote is an insurance broker which sells Medicare Advantage and other health insurance plans online and by telephone. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP ...