Trump Media & Technology Group (TMTG), the parent company of the social media platform Truth Social, recently released its 2024 financial results, shedding light on its arduous yet intriguing journey since its inception. The wave of excitement that followed the company’s debut on Nasdaq under the ticker “DJT” last March has notably waned. Following the
Earnings
Airbnb recently made headlines with a remarkable escalation of 14.5% in its stock price, marking its most significant single-day increase following the announcement of robust fourth-quarter earnings. As a company that pivoted towards profitability after facing substantial challenges during the pandemic, this surge merits a closer examination to understand the factors contributing to its revitalization.
Coinbase’s recent performance has sparked excitement within the cryptocurrency realm, showcasing how the company not only weathered market volatility but also flourished amid a post-election crypto rally. The fourth-quarter earnings report displayed significant gains that surpassed Wall Street predictions, indicative of a booming appetite for cryptocurrency trading and investment. This article delves into the substantial
SoftBank Group, once renowned for its aggressive investment strategies, found itself grappling with a surprising financial downturn as it reported a quarterly loss that took stakeholders by surprise. This turn of events accentuated vulnerabilities not just in its capital allocation but also in the overarching market conditions, painting a troubling picture for one of the
In 2024, Singapore’s largest financial institution, DBS Bank, experienced a remarkable year, showcasing an impressive net profit of 11.4 billion Singapore dollars (approximately $8.4 billion). This figure marks an increase of 11% over the previous year, highlighting the bank’s resilience and strategic execution in a fluctuating economic landscape. Revenue followed suit, climbing by 10% to
Doximity Inc. has recently captured the attention of investors following an impressive 25% surge in its stock during after-hours trading on Thursday. The driving force behind this remarkable increase was the company’s third-quarter fiscal 2025 report, which exceeded analyst expectations on both revenue and earnings per share. Doximity reported an adjusted earnings per share of
Affirm Holdings Inc., a leader in the Buy Now, Pay Later (BNPL) sector, demonstrated remarkable financial performance in its fiscal second quarter, sending shares soaring by an astonishing 22%. The company’s earnings significantly exceeded analysts’ expectations, reporting a profit of 23 cents per share, contrasting sharply with the anticipated loss of 15 cents. This unexpected
Megacap tech giants are making waves in the artificial intelligence (AI) sector, and their financial commitments have raised questions about the sustainability and necessity of these vast expenditures. With projections indicating they will collectively invest up to $320 billion in AI technologies and data infrastructure in 2025, it’s clear that the frenzy sparked by AI
Affirm Holdings, a leading player in the buy now, pay later (BNPL) sector, has recently captured the financial spotlight. After announcing its fiscal second-quarter results, the company witnessed a significant boost in its stock price, jumping over 15% in after-hours trading on Thursday. This surge was attributed to performance metrics that significantly exceeded analysts’ expectations.
MicroStrategy, a name that has become synonymous with aggressive Bitcoin acquisition, recently rebranded itself as Strategy, reflecting its unwavering commitment to the cryptocurrency landscape. As the largest corporate holder of Bitcoin, the company has embarked on a capital-raising journey that aims to secure a staggering $42 billion through the issuance of securities. Since the third