News Archives - Page 59 of 156

MondayDec 30, 2024 12:39 pm

TechMediaBreaks – Trump Media & Technology Group Corp. (NASDAQ: DJT) Faces Stock Decline Following Stake Transfer

Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, is currently facing a decline in its stock value. This decline follows the announcement that President-elect Donald Trump has transferred his stake in the company to a trust. The stock price of DJT is approximately $34.27, marking a decrease of about 5% or $1.81. This drop in value reflects the market’s reaction to Trump’s decision to transfer his shares. The stock has seen fluctuations today, with a low of $33.41 and a high of $35, indicating some volatility in investor sentiment. Over the past year, DJT has…

FridayDec 27, 2024 2:14 pm

TechMediaBreaks – Meta Platforms Inc. (NASDAQ: META) Integrates AI Characters into Social Media

Meta (NASDAQ: META) is set to enhance its social media platforms, Instagram and Facebook, by integrating artificial intelligence (“AI”) characters. These AI characters will generate and share content alongside existing user accounts. Connor Hayes, Meta’s vice president of product for generative AI, shared this development with the Financial Times. Meta’s financial metrics provide insight into its market position. The company’s price-to-earnings (“P/E”) ratio is 26.91, showing the price investors are willing to pay for each dollar of earnings. This suggests that investors have confidence in Meta’s future earnings potential, which could be bolstered by the integration of AI characters. The…

FridayDec 27, 2024 1:30 pm

TechMediaBreaks – Upstream Focusing on Next-Level Trading Experience to Empower Today’s Investors

Upstream published a blog today that discussed how it is differentiating itself from traditional platforms and offering key benefits in the future of stock trading. “While conventional exchanges often rely on brokers, limited funding methods, and traditional trading hours, Upstream offers direct access to a peer-to-peer market with real-time trading, flexible funding methods including PayPal and USDC, and 20/7 trading availability,” the blog reads. ““Leveraging blockchain technology with investor-focused features, Upstream aims to usher in the next evolution of trading.” To view the full blog, visit https://ibn.fm/2iSyS About Upstream Upstream, a MERJ Exchange market (https://merj.exchange), is a global securities trading…

ThursdayDec 26, 2024 3:03 pm

TechMediaBreaks – Cyngn Inc. (NASDAQ: CYN) Closes $20M Follow-On Offering

Cyngn (NASDAQ: CYN), a developer of AI-powered autonomous driving software solutions for industrial applications, has announced the closing of a follow-on offering, priced at the market, with gross proceeds to the company of approximately $20.0 million. The transaction closed on Dec. 23, 2024. Cyngn intends to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital. Aegis Capital Corp. acted as exclusive placement agent for the offering. Sichenzia Ross Ference Carmel LLP acted as counsel to the company, and Kaufman & Canoles, P.C. acted as counsel to Aegis. To view the…

ThursdayDec 26, 2024 9:25 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Secures Class 3 EV Truck Order from Westland Floral

Mullen Automotive (NASDAQ: MULN) has received a purchase order for two Class 3 EV trucks, the Mullen THREE, from Westland Floral. The trucks, customized by Phenix Truck Bodies in California, were delivered through Pritchard Commercial and include California HVIP incentives, emphasizing cost and environmental benefits. The Mullen THREE, designed for urban last-mile delivery, boasts a 38-foot turning diameter, over 5,800 pounds of payload, and easy upfitting capabilities. Mullen’s EV lineup meets strict U.S. safety and emissions standards and offers substantial savings through state and federal incentive programs, including up to $45,000 in California rebates. To view the full press release,…

MondayDec 23, 2024 2:51 pm

TechMediaBreaks – Resonance Launches Full-Spectrum Cybersecurity Tool

Resonance Security is a cybersecurity company providing full-spectrum solutions protecting institutions, small businesses, web3, and individuals against the increasing threat of cyberattacks. The company today announced its release of PulseCheck, a free and secure cybersecurity assessment tool designed for complete scope analysis. “We’ve made the decision to never leave any institution, small business, or individual behind when it comes to cybersecurity. It’s become way too easy for hackers, and we need to do something about it immediately. We’ve made cybersecurity easy for any budget, technical level, and any circumstance,” said Resonance founder and CEO Charles Dray. “Resonance is all in…

MondayDec 23, 2024 12:06 pm

TechMediaBreaks – SuperCom Ltd. (NASDAQ: SPCB) Launches New Electronic Monitoring Project in Latvia for Domestic Violence Prevention

SuperCom (NASDAQ: SPCB), a provider of secure e-Government, IoT and cybersecurity solutions, has launched a new electronic monitoring project in Latvia, marking its third national contract in the country. Utilizing its PureSecurity EM Suite, featuring GPS tracking, secure communications, and real-time monitoring, SuperCom will support the Latvian State Police in preventing and responding to domestic violence cases while enhancing public safety. CEO Ordan Trabelsi emphasized the project’s role in expanding SuperCom's European presence and addressing the growing global demand for domestic violence prevention solutions, highlighting its leadership in innovative public safety technologies. To view the full press release, visit https://ibn.fm/uxMMw…

FridayDec 20, 2024 8:00 am

TechMediaBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces $5 Million Direct Offering to Institutional Investors

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has entered into a definitive securities purchase agreement with institutional investors for the sale of 3,333,336 shares of common stock and warrants to purchase up to 5,000,004 shares at a combined price of $1.50 per share and warrant. The common warrants are exercisable immediately at $1.50 per share and have a five-year term. Expected to close by Dec. 23, 2024, the offering is anticipated to generate $5.0 million in gross proceeds, to be used for general corporate purposes. Roth Capital Partners is acting as the exclusive placement agent for the offering,…

ThursdayDec 19, 2024 2:57 pm

TechMediaBreaks – Snap Inc. (NYSE: SNAP) Expands Revenue-Sharing Program to Boost Creator Earnings

Snap’s (NYSE: SNAP) Snapchat is expanding its revenue-sharing program to offer top creators more ways to earn money. This move is designed to boost monetization options, potentially increasing both earnings and engagement for creators on the platform. By enhancing these opportunities, Snapchat aims to strengthen its position in the competitive social media landscape. The current stock price of SNAP is $11.37, marking a 1.29% increase or $0.15. This reflects investor optimism, possibly influenced by the new revenue-sharing initiative. The stock has fluctuated today, trading between $11.14 and $11.57, indicating active market interest. Over the past year, SNAP’s stock has seen…

ThursdayDec 19, 2024 11:11 am

TechMediaBreaks – Mullen Automotive Inc. (NASDAQ: MULN) Expands U.S. Battery Manufacturing with Updated DOE Proposal

Mullen Automotive (NASDAQ: MULN) has submitted a revised plan to the U.S. Department of Energy (“DOE”) to bolster domestic battery production at its Mishawaka, Indiana, and Fullerton, California, facilities. The company has invested $12 million to date, with an additional $43 million planned, seeking $55 million in matching DOE funds under a program funded by the Bipartisan Infrastructure Law. Mullen’s plan prioritizes high-volume battery production at Mishawaka, a former GM Hummer facility, which will be upgraded to a capacity of 108,000 battery systems annually. Fullerton will focus on research, development, and prototype production. Mullen's strategic acquisitions and infrastructure investments position…

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