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Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.
⏲ 0:36 👁 680K
There's no way meme stocks should be at such elevated levels on their own, says Cramer. GameStop has gained 179% and AMC 135% so far this week amid logic-defying rallies.
⏲ 1:8 👁 7.4M
Here are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector from Benzinga's Analyst Stock Ratings page. Benzinga.com readers can sort through our extensive database of analyst ratings, including by analyst accuracy.
⏲ 1:17 👁 190K
GameStop (GME) shares surged on Monday after Keith Gill, known as 'Roaring Kitty' on social media, posted on X for the first time since 2021. Gill helped spark a short squeeze in GME in 2021 through posts on Reddit encouraging retail investors to purchase and hold shares, inflicting major losses on hedge funds like Melvin Capital. Gill's resurfaced signaled renewed interest among individual traders who had previously followed his commentary, driving up the stock. GameStop's most recent quarterly results in March 2023 showed ongoing challenges from industry-wide headwinds like competition from e-commerce players.
⏲ 0:40 👁 1.1M
GameStop and AMC shares surged again on Tuesday in a resurgence of the short squeeze phenomenon. GameStop jumped over 50%, and AMC was up nearly 60% in premarket trading. The rally was turbocharged by the return of Keith Gill, known as \
⏲ 0:33 👁 230K
Earth with no moon—sounds kinda eerie, right? Without that big ol' rock in the sky, our nights would be way darker, like, seriously spooky. Plus, tides would be way less dramatic without the moon's gravitational pull, so no epic beach waves, sorry surfers. But here's the kicker: our tilt would be all wonky without the moon to stabilize it, so say goodbye to those consistent seasons. And don't even get me started on how it'd mess with wildlife and ecosystems—talk about a total game-changer for planet Earth! So yeah, life without the moon? Definitely not your average day in the universe.Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music by Epidemic Sound https://www.epidemicsound.com <br/><br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV <br/><br/>Subscribe to Bright Side: https://goo.gl/rQTJZz <br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside <br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en <br/><br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/><br/>For more videos and articles visit:<br/>http://www.brightside.me
⏲ 8:45 👁 1.9M
Sushil Kumar Modi Passes Away : बिहार भाजपा कार्यालय में सुशील मोदी के पार्थिव शरीर को लाया जाएगा, जिसके लिए तैयारियां जारी हैं. वहीं इन तैयारियों की जायजा लेने के लिए डिप्टी सीएम सम्राट चौधरी पार्टी कार्यालय पहुंचे हुए हैं. सम्राट चौधरी ने कहा कि सुशील मोदी हमें हर हफ्ते कुछ नया सिखाते थे. <br/> <br/>Sushil Kumar Modi Passes Away: Sushil Modi's mortal remains will be brought to the Bihar BJP office, for which preparations are underway. Deputy CM Samrat Chaudhary has reached the party office to take stock of these preparations. Samrat Chaudhary said that Sushil Modi used to teach us something new every week. <br/> <br/>#SushilModi<br/><br/>~PR.115~ED.120~
⏲ 3:24 👁 150K
AMC Entertainment shares rallied over 135% in the first two days of the week due to a resurgence of meme stock trading fueled by Roaring Kitty's return. However, Barrington analyst James Goss maintained a Neutral rating, noting AMC's Q1 revenue fell slightly. Box office revenues in April were down around 50% and May box office sales have been sluggish compared to 2023 levels. Goss expects the challenging environment for AMC to persist through most of 2024 before potentially rebounding in 2025.
⏲ 0:36 👁 165K
Microsoft is planning to introduce Advanced Micro Devices' artificial intelligence chips to its cloud computing customers, aiming to rival Nvidia's components.
⏲ 0:49 👁 140K
The whole stock market in one convenient package.
⏲ 2:21 👁 2.6M
Walmart's stock price rose after it reported first-quarter earnings that beat analyst expectations, demonstrating consumer resilience in spending despite economic pressure. Walmart's market capitalization surpassed $500 billion for the first time following the strong earnings results. Walmart's CFO stated that consumers have remained consistent in spending from quarter to quarter, though budgets remain stretched. Upper-income consumers are increasingly shopping at Walmart. Analysts noted Walmart's increasing focus on higher-margin revenue streams like digital advertising, marketplace fees, and fulfillment services contributing to growth.
⏲ 0:38 👁 130K
Warren Buffett's Berkshire Hathaway has revealed it has been buying shares of insurer Chubb over the past few quarters, making it one of Berkshire's largest holdings. Berkshire has acquired nearly 26 million shares of Chubb for a total stake worth $6.7 billion, making it Berkshire's 9th largest holding. Insurance is a core business for Berkshire, which owns companies like Geico and General Re and recently acquired Alleghany. Chubb's stock price jumped nearly 7% in after-hours trading following the news of Berkshire's sizable stake in the company.
⏲ 0:34 👁 130K
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