Voya Investment Management, an investment management company, released its third-quarter 2025 investor letter for its “Voya MI Dynamic Small Cap Fund.” A copy of the letter can be downloaded here. It is an actively managed US Small Cap core equity strategy. Equity markets showed a strong recovery during the quarter, bouncing back from the volatility caused by tariffs in April and finishing significantly higher than mid-year levels. Growth outperformed value in the quarter, with strong results from technolog ...

Meta has poached Apple's most prominent design executive in a major coup that underscores a push by the social networking giant into AI-equipped consumer devices https://t.co/8rL7ilyjsr ...

Core Insights - A federal judge ruled in favor of Meta Platforms, Inc. against the FTC's antitrust charges, which claimed that Meta holds a monopoly in social networking [1] - The ruling is viewed positively for major tech companies like Amazon, which are also facing FTC scrutiny [2] - Meta's spokesperson emphasized the company's contributions to innovation and economic growth, indicating a commitment to continue investing in America [2] Company Overview - Meta Platforms, Inc. is a California-based company founded in 2004, focusing on products that enable sharing and connection across devices [3] - The company operates through two segments: Family of Apps and Reality Labs [3] Analyst Ratings and Price Targets - Cantor Fitzgerald reduced its price target for Meta from $830 to $720 while maintaining an 'Overweight' rating [2] - Freedom Capital upgraded Meta's stock from 'Hold' to 'Buy' with a price target of $800 [2]

A major win this week for Meta. A federal judge has ruled the company is not a social networking monopoly. A decision that spares Meta from spitting off Instagram and WhatsApp.It's another win for big tech under the Trump administration, which has fueled tech giants AI push. ...

Core Viewpoint - Meta has successfully won its antitrust case against the Federal Trade Commission (FTC), which claimed that Meta held an illegal monopoly in social networking through its acquisitions of WhatsApp and Instagram [1][2]. Summary by Sections Antitrust Case Outcome - The US District Court for the District of Columbia ruled that the FTC failed to prove its claims against Meta, allowing the company to continue operating WhatsApp and Instagram without any restrictions [1][3]. - Judge James Boasberg emphasized that the FTC must demonstrate that Meta currently holds monopoly power, not just in the past [2]. Background of the Case - The FTC's initial complaint was dismissed in 2021 due to insufficient evidence regarding Meta's market power in social networking [2]. - After the FTC amended its filing with additional data on Meta's user numbers and acquisitions, the case proceeded in 2022, culminating in a trial that began in April [3]. Testimonies and Arguments - Key testimonies included Meta CEO Mark Zuckerberg, who argued against the FTC's claims by referencing his 2008 statement that "it is better to buy than compete" [3]. - The outcome of the case means that Meta avoids the potential requirement to separate WhatsApp and Instagram into independent companies [3]. Reactions to the Verdict - Meta released a statement highlighting the decision as recognition of the fierce competition it faces in the social networking industry and reaffirming its commitment to innovation and economic growth [4]. - The FTC expressed disappointment with the ruling, indicating a potential review of their options moving forward [5]. Industry Context - The ruling comes amid other antitrust actions in the tech industry, including a recent settlement involving Google, which was mandated to share limited search and user-interaction data with competitors [6].

Meta Chief Revenue Officer John Hegeman is leaving the social networking leader, one of several leadership changes at a company under pressure to deliver on a costly AI strategy. https://t.co/2cJEeQutKU ...

Summary of Newborn Town (9911.HK) Conference Call Company Overview - **Company**: Newborn Town (9911.HK) - **Industry**: Social Networking and Live Streaming - **Market Cap**: HK$15,627 million (US$2,012 million) - **Current Price**: HK$11.06 - **Target Price**: HK$16.00 - **Recommendation**: Buy/High Risk Key Points Industry Position - Newborn Town is the 6 Chinese internet player by overseas revenue and 3 in social networking, following ByteDance and Joyy as of August 2025 [1][2][3] Growth Drivers 1. **Product Development Success**: The company has seen replicable success in product development, particularly with Sugo, amidst increasing competition [1][3] 2. **Global Presence**: Strong foothold in MENA and pan-SEA regions, with effective localization strategies [1][3][43] 3. **Emerging Growth Areas**: Anticipated growth in games, social e-commerce, and short dramas [1][3] 4. **Strategic Investments**: Proven track record of strategic investments fueling growth [1][3] 5. **AI Adoption**: Implementation of AI to enhance operational efficiency and growth [1][3] Financial Performance - **Revenue Forecasts**: Expected revenue growth of +54% in 2024, +35% in 2025, +20% in 2026, and +16% in 2027 [3][4] - **Net Profit**: Projected net profit of Rmb1,125 million in 2025, with a diluted EPS of Rmb0.860 [6][11] - **Margins**: Adjusted net margins expected to be 12.2% in 2024, improving to 15.4% by 2027 [3][4] Product Portfolio - **Pan-Audience Products**: Includes Mico, YoHo, TopTop, and Sugo, with significant user engagement and revenue contributions [13][14][15] - **Diverse-Audience Products**: Acquired BlueCity, enhancing offerings in the diverse-audience segment with platforms like Blued and HeeSay [26][28] - **User Metrics**: As of 1H25, average MAU reached 33.9 million, with cumulative downloads of 870 million [14][19] Valuation - Target price set at HK$16, based on a 16x FY26E adjusted EPS of HK$1.01, aligning with global peers [4][11] Risks 1. **Product Lifecycle**: Aging products and low new product hit rates could impact growth [5][30] 2. **Competition**: Intensifying competition in the global social entertainment space [5][30] 3. **Traffic Acquisition**: ROI fluctuations in traffic acquisition strategies [5][30] 4. **Regulatory Changes**: Evolving regulations across different markets may pose challenges [5][30] Market Opportunities - **Sector Outlook**: Strong potential in the global social networking and casual gaming markets, particularly in MENA and SEA [1][16][18] - **Upcoming Developments**: Potential inclusion in HK Stock Connect by March next year, which could enhance visibility and liquidity [2][12] Strategic Initiatives - **Global Headquarters**: Established in Hong Kong, with regional headquarters in Riyadh and Singapore to support global operations [47][48] - **AI and Middle Platform**: Focus on enhancing AI capabilities to streamline operations and improve product development efficiency [40][41] Conclusion - Newborn Town is positioned for robust growth with a diversified product portfolio and strong global presence. The company is leveraging strategic investments and AI to enhance operational efficiency, while navigating potential risks associated with competition and product lifecycle management. The current market correction presents a buying opportunity for investors looking to capitalize on its growth trajectory.

Core Insights - GreetEat Corporation has expanded its platform availability to over 6,000 cities in more than 45 countries through a partnership with Uber Eats, enhancing its global reach and positioning in the food delivery and virtual event markets [1][3][4] Company Overview - GreetEat Corporation is a technology-driven platform that combines video conferencing with meal delivery, facilitating virtual dining experiences for business meetings, celebrations, and personal connections [5] Market Positioning - The partnership with Uber Eats allows GreetEat to tap into the $1 trillion food delivery and digital events markets, demonstrating the company's ability to scale rapidly and align with global growth trends [3][4][8] - GreetEat's unique offering merges video conferencing, food delivery, and social networking, providing a strong competitive advantage in the market [8] Strategic Growth - The expansion signifies a transformative moment for GreetEat, enabling the company to fulfill its mission of connecting people over meals while creating value for investors [4] - The platform's scalability into new markets is facilitated by Uber Eats' extensive international presence, which is expected to drive ongoing innovation and growth opportunities [4][8]

Talent Acquisition - Meta is hiring another key Apple artificial intelligence executive [1] - The social networking company prepares to slow its recruitment [1]

Talent Acquisition - Meta is hiring a key Apple artificial intelligence executive [1] - The social networking company is preparing to slow its recruitment [1]