StockTwits, founded in 2008 by Howard Lindzon and Soren Macbeth, is a leading social media platform designed specifically for investors and traders to share real-time market insights, ideas, and strategies. Headquartered in New York City, the company pioneered the use of "cashtags" (e.g., $AAPL) to organize financial discussions, initially integrating with Twitter before evolving into a standalone network.
On October 24, the company released preliminary financial results for the third quarter (Q3), stating that it anticipated revenue to reach around $70 million.
Upon closing, Kimberly-Clark shareholders are expected to own approximately 54% and current Kenvue shareholders are expected to own approximately 46% of the combined company.
The company said that the L6, launched in April 2024, has accumulated over 70,000 orders since its launch, and it is now taking steps to facilitate deliveries.
The London-listed firm said that its assets include midstream facilities in the Eagle Ford and Permian basins, including four central processing facilities in the Permian Basin.
Things got murkier at the FDA’s drug evaluation agency as its acting director stepped down, alleging that a new drug approval program injected politics, superseding decisions based on science.
Wedbush analyst Dan Ives compared Apple’s position to that of Tesla, saying both companies are seen as lagging in AI but are poised to benefit from the technology’s next wave of consumer applications.
