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eBay (EBAY) Faces A New Seller Threat As Meta Launches Marketplace App
Simply Wall St.19d agobearish
eBay (EBAY) Faces A New Seller Threat As Meta Launches Marketplace App

Meta has launched a dedicated Seller app for Facebook Marketplace, aimed at professional sellers. The app focuses on enhanced seller tools and potentially lower fees, directly challenging eBay's core seller base. This development introduces fresh competitive pressure on eBay's marketplace model and its high-margin seller segment. eBay, traded as NasdaqGS:EBAY, now faces a new competitor targeting the same professional sellers that are central to its marketplace model. The stock trades at...

Meta (META) Launches Lightspeed Tie Up To Track In Store Sales From Ads
Simply Wall St.19d agoneutral
Meta (META) Launches Lightspeed Tie Up To Track In Store Sales From Ads

Meta Platforms (NasdaqGS:META) and Lightspeed Commerce have launched a direct integration that syncs in-store sales data with Meta's advertising systems. The integration allows physical retailers to connect point-of-sale transactions to Meta ad campaigns, even without an ecommerce site. The move is aimed at improving attribution of Meta ads to offline purchases and expanding Meta's role in brick-and-mortar retail marketing. Meta Platforms enters this partnership with Lightspeed Commerce...

Mark Cuban sees a problem with the AI spending spree
TheStreet19d agoneutral
Mark Cuban sees a problem with the AI spending spree

Drive past enough American commercial real estate and you start to notice the second acts. The bowling alley that became a church. The Sears that became a self-storage warehouse. Somebody put up the building for one reason, the reason expired, and the concrete found a new job. That pattern is not a ...

Meta quits clean energy pledge amid gas-powered data center push
AFP20d agoneutral
Meta quits clean energy pledge amid gas-powered data center push

Meta has abandoned a global pledge by leading companies to source all of their electricity from renewable sources, the social media giant confirmed Friday.A Meta spokesperson told AFP the company is continuing to scale up investments in renewable energy, and that leaving RE100 does not change its goal of matching its electricity use with 100 percent clean energy. 

SpaceX Lands With a Thud
Barrons.com20d agoneutral
SpaceX Lands With a Thud

Just over a month since its initial public offering, SpaceX has delivered one of the weakest post-debut performances of any major U.S. listing since the end of the 2008-2009 financial crisis. A Barron’s analysis found that the stock performed worse than 90% of other U.S. IPOs with market capitalizations of $1 billion or more since July, 2009. Over the first 27 trading days, SpaceX was down 23% from its first day closing price of $161.

Earnings Are Crushing It. Stocks Are Getting Crushed.
Barrons.com20d agoneutral
Earnings Are Crushing It. Stocks Are Getting Crushed.

Investors aren’t buying the earnings story this summer, in contrast to the spring rally that powered stocks to a record high in early June, suggesting a tough climb for markets over the back half of the year. Early second-quarter earnings data suggests companies are beating Wall Street forecasts by nearly 9%, well ahead of the four-quarter average of around 7.5% and the 4.4% tallied since 1994, according to LSEG. Nearly 85% of companies are beating estimates, compared with the recent average of around 80% and the historic reading of around 68%, and LSEG figures suggest overall second-quarter profit growth of 27%.

AI spending restraint will reward Magnificent 7 shares, expert says
Reuters Videos20d agoneutralVIDEO
AI spending restraint will reward Magnificent 7 shares, expert says

<body><p>STORY: Investor concerns over the growing cost of AI investments have become a central theme for markets after results from Google parent Alphabet, and Tesla, highlighted rising capital spending and cash burn among major technology companies.</p><p>That has set a cautious tone ahead of next week's earnings from Microsoft, Amazon and Meta.</p><p>If those companies "continue to raise their CapEx spending, then guess what? There'll be a negative reaction from the stocks, just like we saw this week from Google," Reyle said.</p><p>"I think the real trick will be, one of these guys is going to finally say 'enough's enough' and they will finally cut back on spending," he added. "And guess what? Their stock price will react positively to that."</p><p>To that point, Reyle noted that Apple, which has avoided massive AI spending, has seen its stock rise more than 20% this year.&nbsp;</p></body>

Nvidia, Microsoft and other tech giants back open-source AI models
Reuters20d agoneutral
Nvidia, Microsoft and other tech giants back open-source AI models

Nvidia, Microsoft and other tech heavyweights made a public case to lawmakers on Friday in favor of open-source ‌AI models, wading into a debate roiling the business and policy worlds over ‌who controls the powerful technology. In a letter posted on X and also signed by two dozen companies and groups ​including Meta Platforms and IBM, Nvidia CEO Jensen Huang said that lawmakers should avoid "premature restrictions on open models that stifle competition or drive innovation overseas." The letter adds to the growing debate about open-source models that are harder to regulate, such as Nvidia's own and those released ‌in recent weeks by Chinese ⁠labs, and the closed-source models controlled by specific companies such as OpenAI and Anthropic.