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September 24, 2020
Even after CNBC reported that the Chinese government was expected to approve the Walmart (WMT) and Oracle (ORCL) deal for 20% of TikTok Global, Oracle announced it a statement to reporters that Tik Tok would be completely divested from ByteDance.
September 17, 2020
Shares of General Motors (GM) are in the spotlight on Wednesday after the company announced plans to produce electric vehicle drive systems and motors known collectively as “Ultium Drive.
September 10, 2020
Shares of AstraZeneca (AZN) are in the spotlight on Wednesday after the company confirmed that it has halted late-stage trials of its COVID-19 vaccine due to a serious suspected adverse reaction in a participant.
September 3, 2020
The FBI warned Facebook and Twitter about a Russian disinformation campaign, and other notable stories from this week in publicly-traded social media companies.
August 27, 2020
Apple (AAPL) shares rose on Wednesday 8/26/20 as the stock has been given a new Street-high target each day this week so far.
August 20, 2020
Oracle (ORCL) is working with U.S. venture capital companies to acquire TikTok’s U.S., Canadian, Australian and New Zealand operations,
August 13, 2020
“Game On” is The Fly’s weekly recap of the stories powering up or beating down video game stocks.
August 11, 2020
DraftKings and Penn National Gaming are under pressure following the announcement. Shares of MGM Resorts (MGM) are on the rise on Monday August 10.
August 6, 2020
Disney reported 57.5M Disney+ subscribers for the third quarter. Shares of Disney (DIS) are on the rise on Wednesday after the company reported mixed third quarter results.
July 30, 2020
Facebook rescheduled its Q2 earnings release, President Trump considers ban of TikTok. Facebook will release its financial results after market close on Thursday, July 30, and will hold its conference call at 3 p.m. PT/ 6 p.m. ET.
July 23, 2020
Facebook announces privacy and security features for Messenger, a recap of Snap’s Q2 results. On July 22, Facebook (FB) announced new privacy and security features for the Messenger app.
July 16, 2020
Social media stocks price targets were raised at JPMorgan. Zoom Video Communications (ZM) announced Zoom for Home, a new category of software experiences and hardware devices to support remote work use cases.
July 9, 2020
The U.S. may ban TikTok, social media platforms block Hong Kong authorities from accessing user data.
July 2, 2020
Companies boycott social media advertisements to combat unchecked hate speech on platforms. Welcome to “#SocialStocks,” The Fly’s weekly recap of Wall Street’s reactions to social media stock news.
June 25, 2020
Shares of American Airlines (AAL), United Airlines (UAL), Delta Air Lines (DAL), Southwest Airlines (LUV) and JetBlue (JBLU) are under pressure on Wednesday after New York Governor Andrew Cuomo, along with governors of New Jersey and Connecticut, announced that all individuals traveling from states with significant community spread of COVID-19 must quarantine for 14 days.
June 18, 2020
Needham analyst Laura Martin initiated coverage of Amazon.com (AMZN) with a Buy rating and a $3,200 price target. However, the analyst estimates that the company is worth between $4,500 and $5,000 per share over the long-term.
June 11, 2020
Merck’s Keytruda is approved to treat several other types of cancer. Shares of Merck (MRK) are under pressure on Wednesday after the company announced that the Phase 3 KEYNOTE-361 trial evaluating Keytruda.
June 9, 2020
Shares of Gilead Sciences (GILD) are on the rise after Bloomberg reported over the weekend that AstraZeneca (AZN) had made a preliminary approach toward the company about a potential merger.
June 4, 2020
Moderna, J&J and AstraZeneca have already received a total of $2.2B in federal funding. Shares of Moderna (MRNA) are on the rise on Wednesday after The New York Times reported that the company is among the five finalists selected by the Trump administration as the most likely to produce a vaccine for COVID-19.
May 28, 2020
Twitter added fact-checking links to some of President Trump’s tweets, Facebook execs blocked efforts to curtail divisivenes. On May 26, Business Insider’s Grace Panetta reported that T.J. Klausutis, the widower of Lori Klausutis, has written a letter to Twitter (TWTR) CEO Jack Dorsey asking the company to delete President Trump’s tweets that suggest TV host and former congressman Joe Scarborough murdered his wife, who was an intern at that time.
May 21, 2020
Expedia rallies despite Q1 miss, Take-Two slides after disappointing initial FY21 guidance.
May 14, 2020
Facebook removed 4.7M pieces of hate content, while Pinterest launched a new app with Shopify. On May 12, Facebook (FB) said that, in the first three months of 2020, it removed about 4.7 million pieces of content on Facebook connected to organized hate, an increase of over 3 million pieces of content from the previous quarter.
May 7, 2020
The Fly reached out to several video game developers to ask how companies are handling the COVID-19 pandemic and if having everyone work from home has had any noticeable impacts to their business.
April 30, 2020
Facebook, Microsoft, Tesla advancing after earnings while Twitter falls. Check out this morning’s top movers from around Wall Street, compiled by The Fly.
April 23, 2020
Shares of Netflix (NFLX) are under pressure on Wednesday following quarterly results. While the streaming company reported a big jump in subscribers amid the COVID-19 pandemic, Netflix also said that given the uncertainty on home confinement timing, predicting future subscriber growth was “mostly guesswork.
April 16, 2020
Credit Suisse recently upgraded Tesla to Neutral given the carmaker’s better position amid the virus outbreak. Shares of Tesla (TSLA) continue their recent rise after Goldman Sachs analyst Mark Delaney initiated coverage of the stock with a Buy rating, stating that he is positive on the carmaker’s product lead position in electric vehicles.
April 9, 2020
Facebook launches COVID-19 health research tools and Twitter removes 20K fake accounts. On April 2, Facebook announced on its site that it is launching a Messenger app for MacOS and Windows so users “can video chat on your computer and stay connected with friends and family all over the world.”
April 2, 2020
Immunomedics said recently that it was on target to obtain FDA approval for sacituzumab govitecan. While Cowen analyst Phil Nadeau remains confident the ASCENT trial will succeed and that sacituzumab will become standard of care in triple-negative breast cancer.
March 26, 2020
Ford (F) trending lower after credit rating cut to junk status by S&P. Check out this morning’s top movers from around Wall Street, compiled by The Fly.
March 19, 2020
Under the Food and Drug Administration’s Emergency Use Authorization, the analyst believes a drug treatment could become available this year and a vaccine in 2021.
