Tencent Music generated CNY 1.09 billion (currently $154.73 million) in net profit during Q3 2022, according to the Shenzhen-headquartered company’s latest earnings report. Tencent Music (NYSE: TME), which operates three China-based streaming services (QQ Music, […]
Getty Image Virtually everyone has succumbed to the urge to pull the trigger on an impulse purchase that seemed like a good idea at the time before eventually regretting the choice to buy some stupid […]
Photo Credit: LiveOne In late October, LiveOne (NASDAQ: LVO) execs indicated that their company would post record revenue and membership growth for Q3 2022. Now, the Los Angeles-headquartered business has officially unveiled the financials, including […]
Despite beginning a long-anticipated share-buyback program about three weeks ago, Hipgnosis Songs Fund (LON: SONG) has a market cap of about £1.04 billion (currently $1.18 billion) – well beneath the value assigned to its song […]
Spotify stock (SPOT) is down more than 70% YTD as of November 3rd. Spotify stock (NYSE: SPOT) is threatening to fall beneath $70 per share for the first time in company history – prompting investors […]
Elon Musk is about to throw down the guillotine at Twitter — with layoffs expected to be announced soon … this ahead of a crucial date when employees are due to cash in. The NYT […]
Despite growth in subscribers, MAUs, and revenues, SPOT stock is headed in a downward trend following the company’s Q3 financial report. Shares have tanked more than 15% in two trading sessions following the company’s Q3 […]
Will AI image generators kill the stock image industry? It’s a question asked by many following the rise of text-to-image AI models in recent years. The answer from the industry’s incumbents, though, is “no” — not […]
Photo Credit: Hipgnosis Songs Fund Hipgnosis Songs Fund is now repurchasing its own shares as its stock valuation plunges to almost half of what the company said its catalogs were worth. The situation at Hipgnosis […]
Spotify stock (NYSE: SPOT) dipped to a record low of $78.50 per share following news of TikTok parent ByteDance’s plans to spearhead a global streaming service expansion. Shares have since rebounded past the $80 mark, […]
Photo Credit: David Vincent Hipgnosis Songs Fund (LON: SONG) shares have dipped to a record-low price, but some investors appear relatively upbeat about the entity’s path forward following a $700 million refinancing. During Tuesday’s market […]
Photo Credit: Thibault Penin Rowan Street Capital, a self-described “private investment fund focused on long term ownership of a few ‘extraordinary’ businesses,” is maintaining an optimistic position on Spotify stock (NYSE: SPOT) even as shares […]
Photo Credit: Thibault Penin Rowan Street Capital, a self-described “private investment fund focused on long term ownership of a few ‘extraordinary’ businesses,” is maintaining an optimistic position on Spotify stock (NYSE: SPOT) even as shares […]
Photo Credit: Ark Invest ARK Investment Management has dropped over 200,000 Spotify shares (~$18M) following the stock’s poor performance. Spotify’s current trade price is around $87, which is 71% below its 52-week high. The stock […]
Spotify stock (NYSE: SPOT) just recently touched a record low of $88.69 per share, and some are discussing whether it’s a good time to invest in the audio-entertainment company, which was trading for nearly three […]
About six months after disclosing its intention of spearheading a secondary stock listing, Tencent Music (NYSE: TME) is reportedly preparing to make shares available on Hong Kong’s exchange “as soon as next week.” The seemingly […]
Spotify stock (NYSE: SPOT) has rallied by about seven percent during the last five trading days but remains approximately 54 percent beneath the per-share price that it boasted at 2022’s beginning. Now, as execs are […]
Filmmaker Craig Gillespie has secured an all-star cast for Dumb Money, a much-anticipated film about the GameStop short squeeze that wreaked havoc on Wall Street. According to Deadline, Pete Davidson, Seth Rogen, Sebastian Stan, and Paul Dano have been tapped […]
Following slow revenue growth for Q2 2022, Audacy has started layoffs after disappointing financials. The Philadelphia-based company is expected to make job cuts that will impact all divisions and geographic markets. According to one report, […]
Continue Reading Below Well, with betting on companies, people want a way to bet AGAINST them. That’s what shorting is. Instead of buying a stock for market price and sitting on it, shorting is effectively […]