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😓😥📉Arrival provided its second-quarter update Thursday, and it indicated the electric vehicle company is working as hard to stay afloat as it is to get its products into production. Investors noted that, knocking its shares down 25%.

Arrival told investors it remains on track to begin production of electric vans at its facility in the U.K. in the current quarter, and said it has about $6 billion in non-binding memorandums of understanding and orders if all are completed. But that's about where the positive news ended. The company is pushing back the pace of its production ramp-up and delaying the start of production at its U.S. plant in North Carolina. Maybe most impactful for shareholders, the company plans to sell another $300 million in stock that will significantly dilute existing shareholders. 

At its recent valuation of approximately $1 billion, the at-the-market offerings will dilute shareholders by nearly one-third. But it seems the company has no choice. It is working on a restructuring that it hopes will cut costs by about 30%. That includes delaying the opening of its U.S. facility, deferring the spending on its electric bus program, reducing headcount, and postponing capital expenditures for some retooling. 

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😓😥📉Arrival provided its second-quarter update Thursday, and it indicated the electric vehicle company is working as hard to stay afloat as it is to get its products into production. Investors noted that, knocking its shares down 25%. Arrival told investors it remains on track to begin production of electric vans at its facility in the U.K. in the current quarter, and said it has about $6 billion in non-binding memorandums of understanding and orders if all are completed. But that's about where the positive news ended. The company is pushing back the pace of its production ramp-up and delaying the start of production at its U.S. plant in North Carolina. Maybe most impactful for shareholders, the company plans to sell another $300 million in stock that will significantly dilute existing shareholders.  At its recent valuation of approximately $1 billion, the at-the-market offerings will dilute shareholders by nearly one-third. But it seems the company has no choice. It is working on a restructuring that it hopes will cut costs by about 30%. That includes delaying the opening of its U.S. facility, deferring the spending on its electric bus program, reducing headcount, and postponing capital expenditures for some retooling.  🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
9 hours ago
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1/9
📉📈🎉The Nasdaq Composite on Wednesday exited a brutal bear market, while the Dow Jones Industrial Average ended a market correction, as stocks rallied in the wake of a cooler July inflation reading.

The Nasdaq Composite rose 360.88 points, or 2.9%, to end at 12,854.80 on Wednesday. According to Dow Jones Market Data, a finish at or above 12,775.32 marked a 20% or more rise from Nasdaq’s June 16 closing low at 10,646.10. While there’s no official arbiter of bull and bear markets, the 20% rise off a recent low meets widely used criteria for marking the end of a bear.

The Dow, meanwhile, rallied 535.10 points, or 1.6%, closing at 33,309.51 The finish above 32,877.66 saw the blue-chip gauge, which dodged a bear market, log a rise of 10% or more from its correction low.

A correction is popularly defined as a pullback of 10% but less than 20% from a recent high, while a bear market is a pullback of 20% or more.

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📉📈🎉The Nasdaq Composite on Wednesday exited a brutal bear market, while the Dow Jones Industrial Average ended a market correction, as stocks rallied in the wake of a cooler July inflation reading. The Nasdaq Composite rose 360.88 points, or 2.9%, to end at 12,854.80 on Wednesday. According to Dow Jones Market Data, a finish at or above 12,775.32 marked a 20% or more rise from Nasdaq’s June 16 closing low at 10,646.10. While there’s no official arbiter of bull and bear markets, the 20% rise off a recent low meets widely used criteria for marking the end of a bear. The Dow, meanwhile, rallied 535.10 points, or 1.6%, closing at 33,309.51 The finish above 32,877.66 saw the blue-chip gauge, which dodged a bear market, log a rise of 10% or more from its correction low. A correction is popularly defined as a pullback of 10% but less than 20% from a recent high, while a bear market is a pullback of 20% or more. 🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
19 hours ago
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2/9
🏡📱🤦‍♂️Billionaire investor Mark Cuban is out on digital land purchases. The "Shark Tank" star spoke to the crypto YouTube channel Altcoin Daily on Sunday about a range of topics, including the feasibility — or lack thereof — of buying virtual property in the metaverse.

"The worst part is that people are buying real estate in these places," Cuban said, as Fortune first noted. "That's just the dumbest shit ever." Companies like Sandbox — where rapper Snoop Dogg's own metaverse lives — and Decentraland sell digital plots of land to users who can then buy, sell, or lease the space, or use it to build virtual structures. 

What gives metaverse land value, in theory, is the same two principles of physical real estate: scarcity and location. However, experts told Insider in January that doesn't apply to the metaverse because you can't artificially introduce scarcity.
That's an idea that Cuban shares, too.

"It's not even as good as a URL or an ENS, because there's unlimited volumes that you can create," Cuban told Altcoin Daily, referring to Ethereum naming service domains that serve as readable crypto wallet addresses, which have become a lucrative market.

Instead, virtual land is more of a viable investment for brands like Adidas and Nike looking to build social experiences, Janine Yorio, the CEO of metaverse real estate company Republic Realm, told Insider in January. And it's still more of a risky crypto asset than it is anything similar to investing in physical real estate.

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🏡📱🤦‍♂️Billionaire investor Mark Cuban is out on digital land purchases. The "Shark Tank" star spoke to the crypto YouTube channel Altcoin Daily on Sunday about a range of topics, including the feasibility — or lack thereof — of buying virtual property in the metaverse. "The worst part is that people are buying real estate in these places," Cuban said, as Fortune first noted. "That's just the dumbest shit ever." Companies like Sandbox — where rapper Snoop Dogg's own metaverse lives — and Decentraland sell digital plots of land to users who can then buy, sell, or lease the space, or use it to build virtual structures.  What gives metaverse land value, in theory, is the same two principles of physical real estate: scarcity and location. However, experts told Insider in January that doesn't apply to the metaverse because you can't artificially introduce scarcity. That's an idea that Cuban shares, too. "It's not even as good as a URL or an ENS, because there's unlimited volumes that you can create," Cuban told Altcoin Daily, referring to Ethereum naming service domains that serve as readable crypto wallet addresses, which have become a lucrative market. Instead, virtual land is more of a viable investment for brands like Adidas and Nike looking to build social experiences, Janine Yorio, the CEO of metaverse real estate company Republic Realm, told Insider in January. And it's still more of a risky crypto asset than it is anything similar to investing in physical real estate. 🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
2 days ago
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3/9
🥗🚨📉Sweetgreen Inc. shares plunged more than 25% in the pre market Wednesday after the salad restaurant chain’s second-quarter financial results missed Wall Street’s expectations.

Sweetgreen reported a second-quarter loss of $40 million, or 36 cents a share, compared with a loss of $26.9 million, or $1.55 a share, in the year-ago period. The company attributed its wider loss to greater stock-based compensation expenses. Sweetgreen did not provide adjusted earnings. Revenue rose to $124.9 million from $86.2 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 30 cents a share on revenue of $130.2 million.

The company did not provide a third-quarter forecast in its statement, but said it would be recognizing restructuring costs from layoffs affecting 5% of its workforce this week, and a reduction in its real-estate footprint. It said it expects to open a net of 35 new restaurants this year.

Sweetgreen stock had fallen more than 4% in the regular session to close at $16.85 on Tuesday. The company’s shares have fallen about 47% year to date.

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🥗🚨📉Sweetgreen Inc. shares plunged more than 25% in the pre market Wednesday after the salad restaurant chain’s second-quarter financial results missed Wall Street’s expectations. Sweetgreen reported a second-quarter loss of $40 million, or 36 cents a share, compared with a loss of $26.9 million, or $1.55 a share, in the year-ago period. The company attributed its wider loss to greater stock-based compensation expenses. Sweetgreen did not provide adjusted earnings. Revenue rose to $124.9 million from $86.2 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 30 cents a share on revenue of $130.2 million. The company did not provide a third-quarter forecast in its statement, but said it would be recognizing restructuring costs from layoffs affecting 5% of its workforce this week, and a reduction in its real-estate footprint. It said it expects to open a net of 35 new restaurants this year. Sweetgreen stock had fallen more than 4% in the regular session to close at $16.85 on Tuesday. The company’s shares have fallen about 47% year to date. 🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
2 days ago
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4/9
🖥💻🚀 Shares of adtech company PubMatic skyrocketed on Tuesday. Investors were impressed with its second-quarter results. 

The tech company bucked a trend of decelerating growth seen by many of its digital advertising peers. PubMatic also provided guidance for double-digit third-quarter revenue growth -- a growth rate well ahead of the decline forecast by Facebook parent Meta Platforms and the guidance for low-single-digit growth from streaming TV platform Roku.

PubMatic's second-quarter revenue increased 27% year over year to $63 million.  This was an acceleration from a first-quarter year-over-year growth rate of 25%.
Impressively, PubMatic's net income for the period was $7.8 million, or 12% of revenue. Total cash, cash equivalents, and marketable securities was $183 million. Debt remained at zero.

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🖥💻🚀 Shares of adtech company PubMatic skyrocketed on Tuesday. Investors were impressed with its second-quarter results. The tech company bucked a trend of decelerating growth seen by many of its digital advertising peers. PubMatic also provided guidance for double-digit third-quarter revenue growth -- a growth rate well ahead of the decline forecast by Facebook parent Meta Platforms and the guidance for low-single-digit growth from streaming TV platform Roku. PubMatic's second-quarter revenue increased 27% year over year to $63 million.  This was an acceleration from a first-quarter year-over-year growth rate of 25%. Impressively, PubMatic's net income for the period was $7.8 million, or 12% of revenue. Total cash, cash equivalents, and marketable securities was $183 million. Debt remained at zero. 🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
2 days ago
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5/9
🎮🤝🎮 Gaming software company AppLovin Corp on Tuesday made an offer to buy peer Unity Software Inc in a $17.54 billion all-stock deal, looking to tap into growing demand for three-dimensional gaming.

Both companies make software used to design video games. Game-making software has also been expanding to new technologies such as the so-called metaverse, or immersive virtual worlds.

Unity's software has been used to build some of the most-played games such as "Call of Duty: Mobile," and "Pokemon Go", while AppLovin provides helps developers to grow and monetize their apps.

The enterprise value of the deal is $20 billion. AppLovin will offer $58.85 for each Unity share, which represents a premium of 18% to Unity's Monday closing price.

Shares of Unity rose 7%, while those of AppLovin fell 14% before the opening bell.

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🎮🤝🎮 Gaming software company AppLovin Corp on Tuesday made an offer to buy peer Unity Software Inc in a $17.54 billion all-stock deal, looking to tap into growing demand for three-dimensional gaming. Both companies make software used to design video games. Game-making software has also been expanding to new technologies such as the so-called metaverse, or immersive virtual worlds. Unity's software has been used to build some of the most-played games such as "Call of Duty: Mobile," and "Pokemon Go", while AppLovin provides helps developers to grow and monetize their apps. The enterprise value of the deal is $20 billion. AppLovin will offer $58.85 for each Unity share, which represents a premium of 18% to Unity's Monday closing price. Shares of Unity rose 7%, while those of AppLovin fell 14% before the opening bell. 🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
3 days ago
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6/9
👩🏻‍💼🚨📉A recession is commonly — but unofficially — defined as two consecutive quarters of decline in real GDP. But this unofficial marker is how ARK Invest CEO Cathie Wood judges the health of the economy.

“We believe we are in a recession — two consecutive quarters of GDP declines is the beginning of that definition,” Wood said in an interview with Bloomberg Television on Monday. “Three consecutive months of declines in leading indicators, which we have now, would suggest the same.”

Although the National Bureau of Economic Research (NBER) serves as the official scorekeeper, Wood minced no words when asked about the U.S. economy.

U.S. economic activity contracted for the second-consecutive quarter in Q2 after unexpectedly falling 1.6% during the first quarter, the first negative reading since the second quarter of 2020, fueling the recession debate among strategists.

Wood also said she expects the Federal Reserve will begin “ushering in” interest rate cuts next year — a comment that comes as Wall Street prepares for the U.S. central bank to continue raising rates aggressively to combat inflation.

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👩🏻‍💼🚨📉A recession is commonly — but unofficially — defined as two consecutive quarters of decline in real GDP. But this unofficial marker is how ARK Invest CEO Cathie Wood judges the health of the economy. “We believe we are in a recession — two consecutive quarters of GDP declines is the beginning of that definition,” Wood said in an interview with Bloomberg Television on Monday. “Three consecutive months of declines in leading indicators, which we have now, would suggest the same.” Although the National Bureau of Economic Research (NBER) serves as the official scorekeeper, Wood minced no words when asked about the U.S. economy. U.S. economic activity contracted for the second-consecutive quarter in Q2 after unexpectedly falling 1.6% during the first quarter, the first negative reading since the second quarter of 2020, fueling the recession debate among strategists. Wood also said she expects the Federal Reserve will begin “ushering in” interest rate cuts next year — a comment that comes as Wall Street prepares for the U.S. central bank to continue raising rates aggressively to combat inflation. 🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
3 days ago
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7/9
🤖📉📈Upstart Holdings Inc. delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending.

Since Upstart offered preliminary second-quarter results a month ago that fell shy of expectations, the key issue headed into the company’s official earnings report was its outlook.

Executives at Upstart, which uses artificial intelligence to inform lending decisions, expect $170 million in revenue for the third quarter, whereas analysts were anticipating $249 million.

For the second quarter, the company posted a net loss of $29.9 million, or 36 cents a share, whereas it recorded net income of $37.3 million, or 39 cents a share, in the year-earlier quarter. On an adjusted basis, Upstart posted per-share earnings of 1 cent, whereas it had logged adjusted earnings per share of 62 cents a year earlier.

Analysts tracked by FactSet had been projecting adjusted EPS of 3 cents.
Upstart’s total revenue rose to $228 million from $194 million, while the FactSet consensus was for $242 million. The company generated $258 million in fee revenue but saw the revenue total impacted by about $30 million in adjustments related to interest income and fair value.

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🤖📉📈Upstart Holdings Inc. delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart offered preliminary second-quarter results a month ago that fell shy of expectations, the key issue headed into the company’s official earnings report was its outlook. Executives at Upstart, which uses artificial intelligence to inform lending decisions, expect $170 million in revenue for the third quarter, whereas analysts were anticipating $249 million. For the second quarter, the company posted a net loss of $29.9 million, or 36 cents a share, whereas it recorded net income of $37.3 million, or 39 cents a share, in the year-earlier quarter. On an adjusted basis, Upstart posted per-share earnings of 1 cent, whereas it had logged adjusted earnings per share of 62 cents a year earlier. Analysts tracked by FactSet had been projecting adjusted EPS of 3 cents. Upstart’s total revenue rose to $228 million from $194 million, while the FactSet consensus was for $242 million. The company generated $258 million in fee revenue but saw the revenue total impacted by about $30 million in adjustments related to interest income and fair value. 🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
3 days ago
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8/9
🤡💰🚫Cryptocurrency lending platform Hodlnaut has frozen withdrawals, deposits and token swaps because of "difficult market conditions," the firm said on Monday. The Singapore-based firm, which was founded in 2019, said it wants to stabilize liquidity and preserve assets while it works on a long-term solution.

Hodlnaut also withdrew its application to the Monetary Authority of Singapore for a license in the city-state, even though it received in-principle approval from the central bank in March.

The company is the latest in a line of crypto lenders that have buckled under market pressure this year, with Celsius Network and Voyager Digital both filing for bankruptcy protection. The total crypto market cap has slumped to about $1 trillion from more than $3 trillion in November.

One of the key components of the market downturn was the collapse of crypto hedge fund Three Arrows Capital, which had billions of dollars of exposure to numerous companies in the crypto universe.

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🤡💰🚫Cryptocurrency lending platform Hodlnaut has frozen withdrawals, deposits and token swaps because of "difficult market conditions," the firm said on Monday. The Singapore-based firm, which was founded in 2019, said it wants to stabilize liquidity and preserve assets while it works on a long-term solution. Hodlnaut also withdrew its application to the Monetary Authority of Singapore for a license in the city-state, even though it received in-principle approval from the central bank in March. The company is the latest in a line of crypto lenders that have buckled under market pressure this year, with Celsius Network and Voyager Digital both filing for bankruptcy protection. The total crypto market cap has slumped to about $1 trillion from more than $3 trillion in November. One of the key components of the market downturn was the collapse of crypto hedge fund Three Arrows Capital, which had billions of dollars of exposure to numerous companies in the crypto universe. 🗞🤫Become an MI insider today and get instant access to our digestible stock market research newsletters, quality stock picks and more. You’ll also join our members-only Discord community. Join us in link in bio! • • 👉Follow @joinmidotco for more 👈 • • #entrepreneur #wallstreet #nasdaq #wealth #advice #shares #bestcompany #successful #rich #income #investment #mi #millioner #millionerinvestor #investmentportfolio #passiveincome #lifestyle #wealthbuilding #stockmarket #success #nyse #multibagger #investments #investmentideas #investingforbeginners #stocks #investingtips #investing101 #topstocks #investmentopportunity
4 days ago
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