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X @Solana
Solana· 2025-10-13 21:47
Platform Overview - Dare Market aims to capture global attention through dares and monetization [1] - The platform is a social platform where users can dare anyone to do almost anything [1] - Dares are fully on-chain, ensuring verifiability and unstoppable execution [1] - Dare Market is the first platform of its kind on Solana [1] Core Concept - Attention is identified as the most scarce resource on the internet [1] - The platform addresses the issue of users throwing posts into the void, hoping they hit [1] - Dare Market allows users to make money while going viral [1] Launch & Vision - The platform is launching [1] - The company believes users are not bullish enough [1]
X @TechCrunch
TechCrunch· 2025-10-13 21:29
Grindr's majority owners are scrambling to take the LGBTQ+ dating app private after a stock decline triggered a personal financial crisis, according to a report from Semafor. https://t.co/vmEfAoMbUy ...
SNAP 1-WEEK DEADLINE ALERT: Snap Inc. (SNAP) Faces Class Action Over Ad Platform, Investors Allege Misleading Statements -- Hagens Berman
Globenewswire· 2025-10-13 20:44
Core Insights - Snap Inc. shares declined by 6.6% following Mizuho's initiation of coverage with a Neutral rating and a $9 price target, describing the company as a "show-me story" due to weak feedback from its advertising channels [1][2] Legal Issues - A federal securities class action lawsuit has been filed against Snap and certain senior executives, alleging that the company misrepresented the performance and growth prospects of its digital advertising platform [2][6] - The lawsuit claims that Snap experienced significant negative consequences from an "execution error" related to a recent change in its ad platform, which was not disclosed to investors during the Class Period [6][11] - The alleged deception became apparent on August 5, 2025, when Snap reported Q2 2025 results, admitting to a change that caused campaigns to clear at substantially reduced prices, leading to a slowdown in ad revenue growth from 9% in Q1 to just 1% in April [7][11] Class Action Details - The class action lawsuit covers investors who purchased shares between April 29, 2025, and August 5, 2025 [8][10] - Hagens Berman, a shareholder rights firm, is investigating the claims and encourages affected investors to come forward [9][12]
Snap Inc. Sued for Securities Law Violations – Investors Should Contact The Gross Law Firm Before October 20, 2025 to Discuss Your Rights – SNAP
Globenewswire· 2025-10-13 20:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Snap Inc. regarding a potential class action lawsuit due to misleading statements about the company's advertising revenue growth, which significantly declined during the reported period [1][3]. Summary by Sections Allegations - The complaint alleges that Snap Inc. provided overly positive statements to investors while concealing material adverse facts about its advertising revenue growth rate, which fell from 9% in Q1 to only 1% in April 2025 [3]. Financial Impact - On August 5, 2025, Snap announced a deceleration in advertising revenue growth, attributing it to issues with its ad platform and other factors. Following this announcement, Snap's stock price dropped from $9.39 to $7.78 per share, a decline of approximately 17.15% in one day [3]. Class Action Details - The class period for the lawsuit is from April 29, 2025, to August 5, 2025. Shareholders are encouraged to register for the class action by October 20, 2025, to participate in potential recovery [4]. Law Firm's Mission - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to false or misleading statements by companies, emphasizing the importance of responsible business practices [5].
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-10-13 19:58
BREAKING: 𝕏 tops the charts as the number one news app in the UKhttps://t.co/2W85c3MLEf ...
South Koreans Poured $1.24B Into US Tech, Crypto During the Korean Thanksgiving
Yahoo Finance· 2025-10-13 16:44
Core Insights - South Korean investors aggressively invested $1.24 billion into US tech and crypto-linked assets during the Chuseok holiday week, despite domestic markets being closed [1][8] - The investment trend included significant purchases in leveraged ETFs and high-growth stocks, indicating a strong risk appetite among retail investors [3][4] Investment Highlights - The most popular investment was the Direxion Daily Tesla Bull 2X ETF, with net purchases totaling $151 million [4] - Other notable investments included $105 million in Iris Energy, an Australian Bitcoin mining firm, $100 million in Meta Platforms, and $96 million in Tesla shares [4] - The T-REX 2X Long BMNR Daily Target ETF, which tracks Bitmine Immersion Technologies, saw around $95 million in purchases, ranking fifth among foreign investments [5] Market Context - The buying spree followed a strong rally in the Kospi Index, which reached new highs before the holiday, driven by optimism over US tech resilience and local stimulus plans [5] - However, the timing of the investments coincided with a global market pullback due to renewed US–China trade tensions, leading to a 1.7% drop in the Kospi Index upon reopening [6][8] - Analysts are uncertain whether Korean retail traders will maintain their aggressive investment strategies in light of the recent market volatility [6]
Meta shares have been stuck. Here's why one analyst just got more optimistic
CNBC· 2025-10-13 16:26
Market Overview - Stocks are rebounding, recovering roughly half of Friday's losses due to President Trump's softened stance on tariffs with China, stating that trade relations "will all be fine" [1] - The tech-heavy Nasdaq jumped nearly 2%, driven by OpenAI and Broadcom's announcement of a partnership to build 10 gigawatts of custom AI accelerators, with Broadcom shares soaring over 10% [1] Company Highlights - **Broadcom**: Shares surged by more than 10% following the announcement of its partnership with OpenAI, making it the day's top performer. CEO Hock Tan will discuss the partnership on "Mad Money" [1] - **Meta Platforms**: Citi placed a 90-day catalyst watch on Meta, noting that while shares are up about 1%, they have been drifting lower since late July. Analysts are monitoring the impact of OpenAI's Sora app on Meta's business but remain optimistic about its core ad business, with a price target of $915 [1] - **Palo Alto Networks**: Shares increased by over 2% after BTIG upgraded the stock to buy from neutral, citing confidence in its growth outlook and expected revenue growth of over 12%. The price target is set at $248, implying about 19% upside from Friday's close [1]
Meta Platforms: Healthy Fundamentals, Rare Technical Setup (NASDAQ:META)
Seeking Alpha· 2025-10-13 15:44
I began learning about markets when I was 19. Today, my trading is informed by macro insights and technical indicators.When I'm neither working on my next article nor reading about macro and markets, I either run, cycle, or lift (probably thinking about macro and markets while doing so).Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expr ...
Is Meta's stock in trouble? OpenAI's new app has Wall Street worried.
MarketWatch· 2025-10-13 14:27
OpenAI's Sora app could fundamentally change the social-media landscape and leave Meta scrambling to catch up. ...
3 Top Tech Stocks to Buy in October
Yahoo Finance· 2025-10-13 13:28
Group 1: Nvidia - Nvidia has experienced a significant surge in demand for its chips, with data center revenue increasing by 56% year over year, despite challenges in accessing the Chinese market [3][5] - The company maintains over 90% market share in the AI infrastructure market, driven by its dominant graphics processing units (GPUs) and the CUDA software platform, which provides a competitive advantage [4][5] - Strong data center spending and ongoing AI demand position Nvidia favorably for continued growth and profit capture in the AI infrastructure buildout [5] Group 2: Meta Platforms - Meta Platforms reported a 22% revenue growth in the second quarter, attributed to increased ad impressions and higher pricing, alongside a 6% year-over-year rise in daily active users to 3.48 billion [6][7] - The company's resurgence is largely driven by AI, which enhances content recommendation algorithms, leading to higher user engagement and increased ad inventory [7] - AI tools for advertisers are improving campaign effectiveness, thereby boosting Meta's pricing power in the advertising market [7]