Monday, 24 Jun 2024

Twitter Sees Two Key Ad-Related Executives Depart

5 Dishes Everyone Should Know How to Grill

Practice the basics with these recipes, which all deserve heavy rotation during your summer cookout season.

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By Steven Raichlen

MultiMetaVerse Holdings Stock Up 159% On Deal To Acquire Stake In Taomee

Shares of animation and entertainment company MultiMetaVerse Holdings Ltd. (MMV) were up 159% on Friday morning trade as the company announced that it has signed a term sheet to acquire an equity stake in Taomee.

MMV is trading on Nasdaq at $2.44, up 159.57% or $1.50 per share. It has traded between $0.88 and $17.75 in the past 52-week period.

The company has entered into a non-binding term sheet with Dongzheng Ruibo Investment Center and Orient TM Ruibo Limited.

Taomee’s product portfolio would enhance MMV’s income base. The proposed transaction is expected to complete in the second half of the year.

Gold Futures Settle Notably Lower, But Gains 1.3% In Week

Gold prices drifted lower on Friday as the dollar climbed up after data showed a notable jump in U.S. non-farm payroll addition in the month of May.

The dollar index surged to 104.02, gaining nearly 0.5%.

Gold futures for August ended lower by $25.90 at $1,969.60 an ounce. Gold futures gained about 1.3% in the week.

Silver futures for July ended down $0.240 at $23.747 an ounce, while Copper futures for July settled at $3.7345 per pound, gaining $0.0165.

Data from the Labor Department showed U.S. employment surged by much more than expected in the month of May.

The report showed non-farm employment soared by 339,000 jobs in May after spiking by an upwardly revised 294,000 jobs in April. Economists had expected employment to climb by 190,000 jobs compared to the jump of 253,000 jobs originally reported for the previous month.

The data also showed that the unemployment rate rose to 3.7% in May from 3.4% in April. The unemployment rate was expected to inch up to 3.5%.

The Senate passing a bill to raise the debt ceiling late Thursday night helped as well in lifting investor sentiment.

Opinion | Put ‘Succession’ in the TV Pantheon

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By Ross Douthat

Opinion Columnist

Yes, You Can Make a Wedding Cake

It may just be the best gift you can give, and more manageable than you think with these expert tips.

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By Natasha Pickowicz

Samsara Stock Up 29% On Partnership With Paquetexpress

Shares of Samsara Inc. (IOT) were up 29% on Friday after the announcement of its partnership with Paquetexpress, a logistics, parcel, and courier services company, based in Mexico, to improve road safety in its fleet.

IOT is trading on the New York Stock Exchange at $24.54, up 29.09% or $5.53 per share. It has traded between $8.42 and $25.06 in the past 52-week period.

Samsara has helped Paquetexpress reduce at-fault daily accidents by 50% and reduced the severity of accidents by 20%. The business uses simulators and tailored training to promote best practices by its drivers.

With Samsara, Paquetexpress will have real-time access to critical data, enabling it to act swiftly and effectively.

Zscaler Stock Up 5% As Q3 Loss Narrows On Revenue Increase

Shares of Zscaler, Inc. (ZS) were up 5% on Friday after the company reported a narrower loss and increased revenue for the third quarter.
ZS is currently trading at $142.73, up 5.66% or $7.64 per share, on Nasdaq. It has traded between $84.93 and $194.21 in the past 52-week period.

The company reported a net loss of $46.0 million or $0.32 per share for the quarter, narrower than a loss of $101.4 million or $0.72 per share one year earlier.

On an adjusted basis, it reported a profit of $74.6 million or $0.47 per share, compared to the $24.7 million or $0.17 per share the prior year. The earnings came in line with the Street estimates of $0.47 per share.

Revenue increased to $418.8 million from $286.8 million the previous year.

Twitter Sees Two Key Ad-Related Executives Depart

New Twitter CEO Linda Yaccarino will have some key staffing roles to fill when she finally takes the reins this month.

Twitter’s head of brand safety and ad quality, A.J. Brown, has decided to leave the company, the Wall Street Journal reported.

That follows the departure of Ella Irwin, who told Reuters Thursday that she has resigned from her role as VP of product for trust and safety at the social media company. That job saw her as the overseer of content moderation, which often required dealing directly with suspended accounts and making sure ads did not appear next to unsuitable content.

Yaccarino is the former head of advertising for Comcast’s NBCUniversal, and is expected to focus on reviving the ad fortunes for Twitter.

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