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ETORO TARGETS $4B VALUATION IN U.S. IPO
Trading platform eToro is looking to raise up to $500 million in a U.S. IPO, offering 10 million shares priced between $46 and $50. At the high end, that gives the company a valuation near $4 billion. The deal had been on hold since Trump’s tariff announcement in April rattled markets and froze dealmaking.
eToro brought in $192 million in net income last year on $787 million in net contribution, and BlackRock has shown interest in picking up as much as $100 million worth of shares in the offering.
Source: Bloomberg
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ETORO TARGETS $4B VALUATION IN U.S. IPO
Trading platform eToro is looking to raise up to $500 million in a U.S. IPO, offering 10 million shares priced between $46 and $50. At the high end, that gives the company a valuation near $4 billion. The deal had been on hold since Trump’s tariff announcement in April rattled markets and froze dealmaking.
eToro brought in $192 million in net income last year on $787 million in net contribution, and BlackRock has shown interest in picking up as much as $100 million worth of shares in the offering.
Source: Bloomberg
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Trump: I just had a very good and productive telephone conversation with the President of Turkey, Recep Erdoğan, concerning many subjects, including the War with Russia/Ukraine, all things Syria, Gaza, and more. The President invited me to go to Turkey at a future date and, likewise, he will be coming to Washington, D.C.
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Trump: I just had a very good and productive telephone conversation with the President of Turkey, Recep Erdoğan, concerning many subjects, including the War with Russia/Ukraine, all things Syria, Gaza, and more. The President invited me to go to Turkey at a future date and, likewise, he will be coming to Washington, D.C.
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RT @InsiderRadar: 🚨BREAKING: Huge New CEO Insider Purchase
The CEO of $MDXG has just reported purchasing ~$1.2m of the company's stock, increasing his ownership stake by 61%.
This is the largest insider purchase we have ever seen at the company.
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RT @InsiderRadar: 🚨BREAKING: Huge New CEO Insider Purchase
The CEO of $MDXG has just reported purchasing ~$1.2m of the company's stock, increasing his ownership stake by 61%.
This is the largest insider purchase we have ever seen at the company.
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$AMD will report tomorrow after the close.
All eyes will be on data center revenue which is expected to be $3.4B ~ $3.68 billion (47% - 57% growth Y/Y). https://t.co/1khUMQTbi1
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$AMD will report tomorrow after the close.
All eyes will be on data center revenue which is expected to be $3.4B ~ $3.68 billion (47% - 57% growth Y/Y). https://t.co/1khUMQTbi1
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Wall St Engine
BOFA ON $HIMS (UNDERPERFORM; PT $26) COO APPOINTMENT:
"Our initial takeaway on this hire is positive, as it brings HIMS an executive with experience scaling a fast-growing pharmacy. According to Nader Kabbani’s LinkedIn profile, he has broad logistics experience and most recently worked in Amazon’s acquired pharmacy business. He served as VP of Operations at PillPack & Amazon Pharmacy from January 2019 to March 2022. Given Amazon acquired PillPack in 2018 to build out its online pharmacy capabilities, Mr. Kabbani is likely to provide HIMS with best practices for building a pharmacy operation and insight into how other online pharmacies navigate the evolving pharmacy landscape—covering elements like integrated physician visits, PBMs, and pricing models. While we view the announcement positively, we maintain our Underperform rating given weakening consumer trends and decelerating growth rates exiting March (see our March data note for more)."
Analyst: Michael Cherny
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BOFA ON $HIMS (UNDERPERFORM; PT $26) COO APPOINTMENT:
"Our initial takeaway on this hire is positive, as it brings HIMS an executive with experience scaling a fast-growing pharmacy. According to Nader Kabbani’s LinkedIn profile, he has broad logistics experience and most recently worked in Amazon’s acquired pharmacy business. He served as VP of Operations at PillPack & Amazon Pharmacy from January 2019 to March 2022. Given Amazon acquired PillPack in 2018 to build out its online pharmacy capabilities, Mr. Kabbani is likely to provide HIMS with best practices for building a pharmacy operation and insight into how other online pharmacies navigate the evolving pharmacy landscape—covering elements like integrated physician visits, PBMs, and pricing models. While we view the announcement positively, we maintain our Underperform rating given weakening consumer trends and decelerating growth rates exiting March (see our March data note for more)."
Analyst: Michael Cherny
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Microsoft $MSFT reclaimed the top spot last week—and Polymarket odds now give it a 42% chance of ending 2025 as the largest company, followed by $AAPL, which has struggled this year amid growth concerns and a lingering tariff overhang. https://t.co/UropyE9lUa
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Microsoft $MSFT reclaimed the top spot last week—and Polymarket odds now give it a 42% chance of ending 2025 as the largest company, followed by $AAPL, which has struggled this year amid growth concerns and a lingering tariff overhang. https://t.co/UropyE9lUa
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$AAPL TO APPEAL CONTEMPT RULING IN EPIC GAMES CASE
Apple is appealing a federal judge’s contempt ruling that accused the company of defying a 2021 injunction meant to open its App Store to outside payment options. Judge Yvonne Gonzalez Rogers said Apple deliberately avoided compliance to protect billions in revenue and referred the matter to federal prosecutors for possible criminal contempt.
The ruling also blocks Apple’s 27% fee on outside purchases and bans its use of warning screens to steer users away from third-party payments. Apple denies violating the order and is taking the case to the 9th Circuit.
Source: Reuters
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$AAPL TO APPEAL CONTEMPT RULING IN EPIC GAMES CASE
Apple is appealing a federal judge’s contempt ruling that accused the company of defying a 2021 injunction meant to open its App Store to outside payment options. Judge Yvonne Gonzalez Rogers said Apple deliberately avoided compliance to protect billions in revenue and referred the matter to federal prosecutors for possible criminal contempt.
The ruling also blocks Apple’s 27% fee on outside purchases and bans its use of warning screens to steer users away from third-party payments. Apple denies violating the order and is taking the case to the 9th Circuit.
Source: Reuters
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GOOGLE LAUNCHES HOLLYWOOD STUDIO ‘100 ZEROS’ - BI
Google has quietly started a film and TV production arm called 100 Zeros, aiming to back projects that align with its tech vision and appeal to younger audiences. It’s not using YouTube to distribute; instead, it's working with studios and streamers to bring projects to market, including partnerships with Range Media and initiatives like “AI On Screen.”
The goal isn’t product placement—it’s cultural relevance, with an eye on boosting Android and other Google tools in pop culture.
Source: Business Insider
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GOOGLE LAUNCHES HOLLYWOOD STUDIO ‘100 ZEROS’ - BI
Google has quietly started a film and TV production arm called 100 Zeros, aiming to back projects that align with its tech vision and appeal to younger audiences. It’s not using YouTube to distribute; instead, it's working with studios and streamers to bring projects to market, including partnerships with Range Media and initiatives like “AI On Screen.”
The goal isn’t product placement—it’s cultural relevance, with an eye on boosting Android and other Google tools in pop culture.
Source: Business Insider
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