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UK privacy watchdog fines Reddit $20 million over children's data failures
Reuters· 2026-02-24 11:44
UK privacy watchdog fines Reddit $20 million over children's data failures | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Reddit's logo is displayed, at the New York Stock Exchange (NYSE) in New York City, U.S., March 21, 2024. REUTERS/Brendan McDermid [Purchase Licensing Rights, opens new tab]- Companies[Reddit Inc]FollowLONDON, Feb 24 - Britain's privacy watchdog on Tuesday said it had fined social media platform Reddit 14.47 mi ...
Nextdoor Releases the 2026 Friendliest Neighborhoods in America, Ranking Communities Across All 50 States Based on Real Neighbor Interactions
Businesswire· 2026-02-24 11:05
[https://blog.nextdoor.com/introducing-the-2026-nextdoor-friendliest-neighborhoods-in-america].The rankings can only be released by Nextdoor as they are based on how neighbors interact with one another on the Nextdoor platform — from helping a neighbor carry in groceries to posting a welcome message for someone new on the block. The data captures everything from neighbor-to-neighbor resource sharing to expressions of local pride, building a picture of what local community really looks like street by street ...
Booking Holdings Is the First Blockbuster Stock Split of 2026 -- and the Table Is Set for This Company (Up 1,620% Since Its IPO) to Follow in Its Footsteps
The Motley Fool· 2026-02-24 10:06
Core Viewpoint - The article discusses the rising trend of stock splits in the market, highlighting Booking Holdings as a key player that has recently announced a significant forward stock split, and suggests that Meta Platforms may be the next major company to follow suit. Group 1: Stock Splits Overview - A stock split allows a company to adjust its share price and outstanding share count without affecting its market capitalization or operating performance [2] - Forward stock splits are generally favored by investors as they make shares more affordable for retail investors [3] - Companies that announce forward splits tend to outperform the S&P 500 in the following year, indicating a positive correlation between stock splits and company performance [5] Group 2: Booking Holdings - Booking Holdings announced a historic 25-for-1 forward stock split, reducing its share price from approximately $4,076.79 to around $163, effective April 2 [7][8] - The company has seen a remarkable 1,600% increase since its IPO and has a market cap of $123 billion [10][6] - Booking Holdings has a strong competitive position in the online travel market, particularly in Europe and Asia, and has implemented a Connected Trip strategy to enhance user engagement and profitability [11][12] Group 3: Meta Platforms - Meta Platforms, with over 30% of its shares held by retail investors and a current share price of $656, is positioned to potentially announce a stock split in 2026 [16] - As the only member of the "Magnificent Seven" that has not previously split its shares, a split could be significant given its 1,620% return over nearly 14 years [17] - Meta's strong social media presence, with 3.58 billion daily users across its platforms, supports its advertising pricing power, while its cash-rich balance sheet allows for aggressive investments in growth initiatives [19][21]
Down 94% From Its Record High, Can Snap Stock Snap Back in 2026?
The Motley Fool· 2026-02-24 09:40
Core Viewpoint - Snap is innovating its advertising platform and diversifying revenue streams, but faces challenges in user growth and profitability recovery [1][15]. Advertising Performance - Snap's advertising platform is improving, with the launch of Sponsored Snaps leading to a 7% increase in click-through rates and a 17% increase in click-through purchases in Q4 2025 [6]. - The number of active advertisers on Snapchat increased by 28% in Q4 2025, driven by improved ad performance [9]. Financial Performance - Snap generated $5.9 billion in revenue in 2025, an 11% increase from the previous year [9]. - The company reported a GAAP loss of $460.5 million, a 34% reduction from a $697.9 million loss in 2024, while adjusted EBITDA rose by 36% to $689.5 million [10]. User Engagement - Snapchat averaged 474 million daily active users in Q4 2025, a decline from 477 million in Q3 2025, marking the first sequential decline since Q2 2018 [11]. - Management's focus on profitability led to reduced spending on user acquisition, contributing to the decline in daily active users [12]. Subscription Services - Snap is diversifying revenue through subscription products like Snapchat+, which had 24 million members at the end of 2025, a 71% increase year-over-year [8]. Stock Valuation - Snap's stock has declined 94% from its 2021 peak, resulting in a price-to-sales ratio of 1.4, near its lowest since going public in 2017 [13]. - Despite concerns over modest revenue growth and ongoing losses, the improvements in advertising and subscription services present potential positives for future stock performance [15].
WhatsApp, Meta assure SC of compliance with NCLAT order on data privacy rules
ETBrandEquity.com· 2026-02-24 05:18
Core Viewpoint - Meta Platforms Inc. and WhatsApp are complying with the National Company Law Appellate Tribunal's (NCLAT) directions regarding privacy and consent safeguards for advertising-related data, despite ongoing legal challenges [1][2]. Group 1: Legal Proceedings - The Supreme Court is reviewing appeals from Meta and WhatsApp against NCLAT's December directions, while also considering a cross-appeal from the Competition Commission of India (CCI) regarding user data sharing for advertising [2]. - The court has dismissed applications for a stay on the NCLAT order, allowing the companies to proceed with compliance while keeping broader legal issues open for future adjudication [3][8]. - The CCI had previously imposed a penalty of ₹213.14 crore on the companies due to WhatsApp's privacy policy, which the court criticized for infringing on citizens' privacy rights [4][5]. Group 2: Compliance and Penalties - The NCLAT had set aside part of the CCI's order that prohibited WhatsApp from sharing data with Meta for advertising for five years, but maintained the ₹213 crore penalty [6]. - The tribunal clarified that its ruling on privacy and consent safeguards applies to user data collection and sharing beyond WhatsApp services, covering both advertising and non-advertising purposes [6].
Meta executive warned Facebook Messenger encryption plan was 'so irresponsible', shows court filing
Reuters· 2026-02-24 03:49
Group 1 - Meta executives are moving forward with a plan to encrypt messaging services linked to Facebook and Instagram apps [1] - Internal warnings indicate that this encryption could hinder the company's ability to monitor and manage content effectively [1] - The decision reflects a broader trend in the industry towards prioritizing user privacy and security over content oversight [1]
3 High-Growth Stocks To By In February
247Wallst· 2026-02-23 19:56
Core Insights - The article highlights three high-growth stocks for February: Meta Platforms, Micron Technology, and ServiceNow, emphasizing their potential for long-term investment growth [1]. Group 1: Meta Platforms (META) - Meta Platforms has shown re-accelerating growth with a recent earnings beat, and full-year earnings are forecasted to rise in the high-teens [1]. - The company has transitioned from a focus on the metaverse to significant investments in AI, particularly with its Llama models, which are expected to enhance future cash flow growth [1]. - Meta's core social media business continues to generate substantial cash flow, positioning it as one of the cheapest and highest-growth options among large-cap stocks [1]. Group 2: Micron Technology (MU) - Micron Technology's stock has surged 330% over the past year, benefiting from supply shortages in the memory market, particularly in DRAM [1]. - The company reported an EPS of $4.78, exceeding Street estimates by over 20%, and revenue increased by nearly 50% year-over-year [1]. - Experts predict that memory demand will continue to outpace production growth, suggesting strong future earnings potential for Micron [1]. Group 3: ServiceNow (NOW) - ServiceNow's stock has been halved in value over the past year due to concerns about AI's impact on enterprise software companies [2]. - Despite these concerns, ServiceNow is experiencing rapid growth, with EPS growth exceeding 50% and cash flow growth above 30% annually [2]. - The company is leveraging AI to enhance its growth rather than hinder it, and it is currently trading at its lowest multiples in years, indicating potential upside [2].
Meta (META) Strengthens Investor Appeal With Dividend Payout and Platform Expansion Efforts
Yahoo Finance· 2026-02-23 19:51
Meta Platforms, Inc. (NASDAQ:META) is one of Goldman Sachs’s top growth stock picks. On February 12, the board of directors of Meta Platforms, Inc. (NASDAQ:META) declared a quarterly cash dividend of $0.525 per share for both Class A and Class B common stock. The dividend will be payable on March 26, 2026, to shareholders of record as of March 16, 2026. Meta (META) Strengthens Investor Appeal With Dividend Payout and Platform Expansion Efforts Copyright: antonioguillem / 123RF Stock Photo Earlier, on Fe ...
A Technical ‘Hold’ in Meta Platforms Stock Signals a Perfect Iron Condor Opportunity
Yahoo Finance· 2026-02-23 15:53
When markets are range-bound, it can be difficult to predict where stocks are going. Short option strategies may benefit from uncertainty, though they can also carry massive risks. Directionally-bound credit spreads may work, though, it requires a solid belief in your anticipated market direction. So where does that leave the risk-averse investors? Well, there are short iron condors, a four-legged income-generating strategy that pays off if the stock stays within a specific price range. More News from B ...
2 Unstoppable Growth Stocks to Buy Right Now for $1,000
Yahoo Finance· 2026-02-23 15:38
Earnings season is in full swing. So far, Meta Platforms (NASDAQ: META) and Taiwan Semiconductor Manufacturing (NYSE: TSM) have stood out from the pack for their strong performance. The common theme? Artificial intelligence (AI) has presented remarkable growth opportunities, and both companies are effectively hitting it out of the park. As these businesses continue to reach new heights in the AI era, their share prices are bound to follow suit. Where to invest $1,000 right now? Our analyst team just reve ...