Stock Market Archives

Lyft Crushes Q2 Earnings with Surprise Profit and Recovery

In a turn of events, Lyft’s Q2 adjusted EBITDA has finally grown profitable, boasting a near double-digit revenue beat as well.

The company will use the $30 billion in proceeds from the deal to cut down on debt, with a planned 1-8 reverse stock split in the works.

A mixture of incredible earnings and a large special dividend mark a great day for the Detroid-based technology-heavy holding company.

The technology company plunged following a revenue beat, although it came at a price with SBC rising, and a lowered 2021 growth outlook.

While PayPal’s now worth over $350 billion, there are still several (at least 10) reasons to back buying into the payments company.

The big data company is now worth over $55 billion dollars on news of a possible 4X in customers on the company’s software ahead of Demo Day.

Netflix blew past subscriber expectations to hit 200 million subscribers, offering a hint at either a dividend or buyback program for shares.

The company filed to launch the ARK Space Exploration ETF as ARKX, sending shares in companies such as Virgin Galactic soaring on the news.

A Tweet with over 300k likes led to millions of shares of Signal stock being exchanged. Issue is, Musk meant the app, not the healthcare co..

Starting at $7,000 earlier this year, and ending at right under $30,000, 2020 marks an almost 400% gain for the very variable cryptocurrency.