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 […]
Spotify stock (NYSE: SPOT) is surging after the company added six million paid accounts and about four million ad-supported users during Q2 2022, when revenue from the latter hiked by nearly 30 percent quarter over […]
Photo Credit: AJeong_JM / CC by 4.0 Notwithstanding BTS members’ much-publicized plans to pursue solo careers, Hybe (KRX: 352820) reported an 83.8% year-over-year revenue hike during 2022’s second quarter. The Seoul-headquartered company revealed this and […]
SNAP shares plunged more than 25% in extended trading hours following a disappointing Q2 2022 earnings report. The report says Snap Inc. plans to slow hiring as it contends with weakening revenue growth. “We are […]
Update July 13th, 11:15AM ET: Nintendo appears to have sold out of its N64 wireless controllers. The official N64 controller for the Nintendo Switch has just been restocked at the Nintendo eShop. This $49.99 controller […]
Back in April, French streaming service Deezer (once again) confirmed plans to go public, this time via a special purpose acquisition company (SPAC) merger. Nearly three months later, the platform has officially listed on the […]
On Tuesday, French music streaming service Deezer suffered a nearly 30 percent stock price tumble during its first day on the public market. Now, with the company’s initial week of trading in the books, shares […]
Twitter is partnering with Shopify on an integration that will keep a seller’s Twitter profile page updated with direct links to the products they have for sale. Shopify users who install the new Twitter add-on […]
Photo Credit: Jimin Memories Gallery Shares of BTS agency Hybe (KRX: 352820) have parted with about one-quarter of their value following the announcement that the K-pop mainstay’s seven members will take time off to pursue […]
During its first quarter as a publicly traded company, Middle Eastern streaming service Anghami (NASDAQ: ANGH) reported a 23 percent year-over-year revenue jump and a 20 percent boost for “active users.” The Abu Dhabi-based streaming […]
Photo Credit: Google Spotify’s stock (SPOT) continues to slide days after CEO Daniel Ek bought $50 million in stock. Yesterday the stock dipped below the $95 mark in after hours trading, which is the lowest […]
Spotify CEO Daniel Ek has officially announced the purchase of $50 million worth of his company’s stock after shares late last month dipped to a record low of $95.22 apiece. Daniel Ek just recently took […]
Photo Credit: Patrick Weissenberger Morgan Stanley analysts have lowered their price target for Spotify stock from $300 to $225. The brokerage currently has an ‘overweight’ rating on the stock, according to Benzinga. The price target […]
Live Nation president and CEO Michael Rapino has sold nearly $160 million worth of stock in his company since 2022’s beginning, Securities and Exchange Commission (SEC) filings have revealed. Digital Music News first reported […]
Spotify stock (NYSE: SPOT) fell beneath $100 per share for the first time in company history today after the service posted its Q1 2022 earnings. Spotify stock (NYSE: SPOT) has fallen beneath $100 per share […]
Atlanta-headquartered radio-station operator Cumulus Media is reportedly considering a $1.2 billion takeover bid, including debt, from industry veteran (and Connoisseur Media founder) Jeff Warshaw. The possible buyout of 24-year-old Cumulus Media (NASDAQ: CMLS), which says […]
Twitch streamer Kaitlyn ‘Amouranth’ Siragusa is looking to make a hefty profit after purchasing nearly $2,000,000 of Activision-Blizzard despite the company being involved in several lawsuits. Amouranth has become one of the biggest internet stars […]
Hong Kong CNN Business — Tencent’s stock suffered a sharp drop after the company reported its slowest-ever growth thanks to a bruising crackdown by China on the country’s tech sector. Shares in the Chinese social […]
Astra (ASTR) confirmed on Twitter that the rocket had made it to orbit, but it wasn’t immediately clear whether its payload — a group of small satellites for a variety of customers — safely deployed […]