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Pineapple Energy

World&#8217;s richest person Elon Musk has expressed his agreement with Apple Inc.'s legendary co-founder Steve Jobs&#8217; on what the most important job of a CEO of a company is.
What Happened: Earlier this month, Startup Archive shared an old clip of Jobs where he underscored that the most important job of a CEO is recruiting, not managing.
"The greatest people are self-managing. They don't need to be managed…&#8221; Jobs said. &#8220;What they need is a common vision, and that's what leadership is.&#8221;
&#8220;Leadership is having a vision, being able to articulate that so the people around you can understand it, and getting consensus on a common vision."
The former Apple CEO believed that once a strong core team is in place, it becomes self-sustaining and ensures only exceptional talent is brought in.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/24/11/42210862/nvidias-journey-to-the-top-with-3-5-trillion-market-capitalization-how-the-ai-chip-giant-transformed-post-covid?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia's Journey To The Top With $3.5 Trillion Market Capitalization: How The AI Chip Giant Transformed Post-COVID</a>
Responding to this perspective, Musk, known for <a href="https://www.benzinga.com/news/24/03/38013068/tesla-ceo-elon-musk-reacts-to-apple-co-founder-steve-jobs-on-finding-top-talent-you-build-up-these-p">his admiration of Jobs</a>, commented, &#8220;Couldn&#8217;t agree more,&#8221; reaffirming his own leadership philosophy.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Couldn't agree more <a href="https://t.co/Y9k17r9q2Y">https://t.co/Y9k17r9q2Y</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1855572939585843610?ref_src=twsrc%5Etfw">November 10, 2024</a></blockquote>
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Why It Matters: Musk previously also highlighted his <a href="https://www.benzinga.com/news/24/06/39393059/elon-musk-agrees-with-legendary-apple-co-founder-steve-jobs-on-thinker-doers-the-doers-are-the-major">alignment with Jobs&#8217;s remark</a> that those who take action are also the greatest thinkers.
Musk also echoed the sentiments of the late Apple co-founder, who once spoke about the importance of <a href="https://www.benzinga.com/news/24/04/38178568/elon-musk-reacts-to-old-clip-of-apple-co-founder-steve-jobs-saying-theres-a-tremendous-amount-of-cra">fostering a team culture</a> dedicated to transforming innovative ideas into successful products.
However, the Tesla CEO once also took a swipe at Jobs for reportedly contributing to <a href="https://www.benzinga.com/news/24/06/39126810/elon-musk-mocks-steve-jobs-apples-potential-deal-with-openai-siris-ai-overhaul-and-more-this-week-in">Apple's hesitation to adopt</a> open-source technologies.
Walter Isaacson, who has <a href="https://www.benzinga.com/news/23/10/35256969/elon-musk-vs-steve-jobs-walter-isaacson-delves-into-the-minds-of-two-tech-titans">penned biographies</a> of both Musk and Jobs, said that both leaders shared a &#8220;dark streak&#8221; characterized by brutally honest feedback that pushed their teams toward excellence.
While this approach spurred innovation, it occasionally veered into excessive criticism.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42179729/as-nvidia-maintains-chip-supremacy-jim-cramer-says-the-so-called-enemies-of-semiconductor-giant-arent-really-enemies" target="_blank" rel="noreferrer noopener">As Nvidia Maintains Chip Supremacy, Jim Cramer Says Foes Of Semiconductor Giant ‘Aren&#8217;t Really Enemies&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock and Wikimedia

News

Tech

Elon Musk Agrees With Steve Jobs On The Most Important Job Of A CEO: Here's What The Legendary Apple Co-Founder Had To Say

In a significant move, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) looks set to join the Nasdaq 100 index, prompting a major reconstitution of the index. This change, based on market cap rankings as of Nov. 29, will take effect after Dec. 20.
What Happened: According to&nbsp;a report <a href="https://seekingalpha.com/article/4740896-nasdaq-100-upcoming-index-reconstitution-could-be-a-major-event">by</a> Seeking Alpha, the inclusion of MicroStrategy, with its $94 billion market cap, will impact passive funds tracking the&nbsp;index, such as the Invesco&nbsp;QQQ Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NYSE">QQQ</a>) and&nbsp;the Invesco Nasdaq 100&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QQQM#NYSE">QQQM</a>).
These funds, along with&nbsp;the Global X Nasdaq 100&nbsp;Covered Call (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QYLD#NYSE">QYLD</a>), will need to adjust their holdings to include MicroStrategy by Dec. 20.
MicroStrategy&#8217;s entry into the NASDAQ 100 introduces Bitcoin exposure to passive investors, as the company holds&nbsp;nearly 2% of the Bitcoin&nbsp;supply. Known&nbsp;for issuing stock to purchase&nbsp;Bitcoin, MicroStrategy&#8217;s strategy could affect the index&#8217;s dynamics.
See Also: <a href="https://www.benzinga.com/24/11/42253242/microstrategys-michael-saylor-calls-bitcoin-the-manhattan-in-cyberspace-says-its-an-asset-you-could-expect-to-las">MicroStrategy's Michael Saylor Calls Bitcoin The ‘Manhattan In Cyberspace,' Says It's An Asset You Could Expect To ‘Last 1,000 Years'</a>
The reconstitution may result in increased turnover and potential tracking errors for ETFs, as they will need to rebalance their portfolios to accommodate MicroStrategy&#8217;s growing market cap. This unique situation could lead to strategic trading opportunities for investors.
Why It Matters: MicroStrategy&#8217;s potential inclusion in the NASDAQ 100 is a testament to its growing influence in the financial markets, particularly due to its aggressive Bitcoin strategy.
Recently,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42160774/microstrategy-is-the-bitcoin-magnet-says-bernstein-but-not-everybodys-sold-nothing-is-free-in-finance-says-one-analyst">Bernstein</a>&nbsp;described MicroStrategy as a &#8220;Bitcoin magnet,&#8221; projecting it could hold 4% of the global Bitcoin supply by 2033. However, this strategy is not without risks, as some analysts caution about its long-term viability.
Additionally,&nbsp;Michael Saylor, co-founder of MicroStrategy, recently revealed that the company is generating substantial profits from its Bitcoin holdings, reportedly <a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now">making $500 million a day</a> as Bitcoin nears $100,000.
This has contributed to a surge in MicroStrategy&#8217;s stock, which has increased by 465% year-to-date, significantly impacting ETFs linked to its performance, as noted in a&nbsp;<a href="https://www.benzinga.com/markets/equities/24/11/42208970/microstrategy-linked-etfs-skyrocket-400-this-year-is-this-the-michael-saylor-effect">recent report</a>.
MicroStrategy&#8217;s recent $3 billion offering of 0% convertible senior notes, completed swiftly, underscores <a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them">investor confidence in its strategy</a>. These notes offer no interest but allow participation in the equity upside, reflecting the market&#8217;s appetite for exposure to MicroStrategy&#8217;s Bitcoin-driven growth.
Price Action: Bitcoin was hovering at $96,776 at the time of writing, up by 0.46% in the last 24 hours, according to Benzinga Pro data.
MicroStrategy&#8217;s stock closed at $387.47 on Friday, falling slightly by 0.35%. Year-to-date, the stock has gained 465%.
The MicroStrategy stock has a consensus rating of &#8220;Buy,&#8221; according to&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41683531/michael-saylor-calls-microstrategy-the-public-equity-play-on-bitcoin-maximalism-heres-whos" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>. The highest price target is $690, while the consensus price target is $449.50, implying a 16% upside.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42237636/bitcoin-ethereum-dogecoin-simmer-down-on-thanksgiving-analyst-sees-significant-shift-from-btc-season-to-alt-season?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Simmer Down On Thanksgiving: Analyst Sees &#8216;Significant Shift&#8217; From BTC Season To Alt Season</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: MicroStrategy

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Markets

ETFs

MSTR

QQQM

QYLD

MicroStrategy's Imminent Inclusion In Nasdaq 100 Could Reportedly Spark Up To $2B In Fund Inflows

Veteran investor&nbsp;Mark Mobius&nbsp;has highlighted U.S. tech firms with ties to emerging markets as prime investment opportunities for the upcoming year.
What Happened: In an interview <a href="https://www.cnbc.com/2024/11/29/buy-big-tech-firms-with-exposure-to-emerging-markets-mark-mobius.html">with</a> CNBC, Mobius,&nbsp;chairman of the Mobius Emerging&nbsp;Opportunities Fund, emphasized the potential of companies leveraging technology to boost productivity.
Mobius pointed out that U.S.-based companies focusing on markets like China and India are strategically positioned for growth.
"I focus on those companies that are global in their scope, and producing and exporting and selling in these countries, because that's where the growth will be."
Mobius also mentioned the significance of companies involved in&nbsp;&#8220;accelerated information,&#8221; such as chip&nbsp;manufacturers, which are benefiting from rapid information processing capabilities.
His observations come amid an economic surge in semiconductor-producing emerging markets, with Taiwan leading in advanced chip manufacturing. Southeast Asian nations, particularly Malaysia, are also seeing increased foreign investment due to their chip production focus.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42229486/joe-rogan-hasnt-sold-his-bitcoins-for-over-a-decade-conviction-based-hodling-or-private-key-loss?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Joe Rogan&#8217;s Bitcoin Pile Has Grown Over 30000% In Value, But He Hasn&#8217;t Sold: Conviction-Based HODLing Or Has The Podcast King Lost His Keys?</a>
Despite concerns of a tech bubble due to high valuations of major tech stocks like&nbsp;Alphabet Inc.,&nbsp;Amazon.com Inc., and&nbsp;Nvidia Corp., Mobius remains optimistic.
He believes the growth rates of these companies justify their valuations, and he expects continued strong performance from the &#8220;Magnificent Seven&#8221; tech giants.
Why It Matters:&nbsp;Mobius&nbsp;has been a staunch advocate for investing in emerging markets, particularly in Asia. In July 2023, he stated that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33454156/billionaire-investor-mark-mobius-puts-all-his-money-outside-us-im-all-international">he had no investments in the U.S.</a>, focusing entirely on international and emerging markets. This aligns with his current emphasis on U.S. tech firms with exposure to these regions.
Mobius has also <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40455099/veteran-investor-mark-mobius-warns-of-potential-risk-to-us-markets-amid-recent-vola">warned of potential risks</a> to U.S. markets amid recent volatility, noting a significant decline in the U.S. M2 money supply. This drop could impact discretionary spending, a key driver of economic growth.
Meanwhile, the surge in&nbsp;Nvidia&#8217;s stock has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39773480/nvidias-stock-surge-raises-concentration-risks-for-investors-warns-analyst-not-smar">raised concerns</a> about concentration risks for investors. The company&#8217;s shares have skyrocketed, driven by high demand for its AI chips.
However, this rapid growth has led to increased holdings by asset managers, posing potential risks if the stock takes a downturn.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42253350/amazons-focus-shift-to-black-friday-from-cyber-monday-is-paying-off-says-gene-munster-small-changes-to-profitability-can-have-measurable-impact-to-earnings">Amazon&#8217;s Focus Shift To Black Friday From Cyber Monday Is Paying Off, Says Gene Munster: &#8216;Small Changes To Profitability Can Have Measurable Impact To Earnings&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Analyst Color

Long Ideas

Global

Trading Ideas

Mark Mobius Advocates For Big Tech Investments In Emerging Markets: 'That's Where The Growth Will Be'

Earlier this month, President-elect Donald Trump selected Elon Musk and Vivek Ramaswamy to lead the <a href="https://www.benzinga.com/24/11/41965420/department-of-government-efficiency-led-by-elon-musk-and-vivek-ramaswamy-opens-x-account-with-username-doge">newly formed Department</a> of Government Efficiency (DOGE).
DOGE&#8217;s mission is to identify opportunities for cost-cutting, aiming to reduce the federal budget by up to $2 trillion.
Musk and Ramaswamy are now reportedly tapping into the expertise of Silicon Valley's brightest minds. Here's a closer look at the leaders shaping this new initiative:
Vivek Ramaswamy
Ramaswamy is positioned at the helm of DOGE. After his run for the presidency in 2023, Ramaswamy shifted his focus to supporting Trump.
As co-leader of DOGE, he has highlighted &#8220;crowdsourcing&#8221; examples of waste and inefficiency, promising that Americans will have a voice in shaping the future of federal spending.
Ramaswamy&#8217;s story is captivating: the son of Indian immigrants, he transformed a bold biotech venture into a billion-dollar success by the time he was just 38. You can read about it <a href="https://www.benzinga.com/startups/24/11/42038767/im-one-of-you-how-anti-woke-warrior-vivek-ramaswamy-became-a-billionaire-at-only-38">here</a>.
See Also: <a href="https://www.benzinga.com/24/11/42231794/mark-cuban-says-his-doors-are-open-for-musk-and-ramaswamy-can-doge-leverage-his-cost-plus-drug-company-to-transform-federal-healthcare-programs">Will Mark Cuban Join Rivals Elon Musk, Vivek Ramaswamy&#8217;s DOGE? &#8216;Shark Tank&#8217; Host Says &#8216;Both Know How To Reach Me&#8217;</a>
Travis Kalanick
Kalanick, the former CEO of Uber Technologies, is no stranger to transforming industries. Known for his <a href="https://www.benzinga.com/general/entrepreneurship/24/06/39293049/one-of-americas-most-infamous-ceos">controversial leadership</a> at Uber, Kalanick's reputation as a disruptor aligns with DOGE's mission to shake up Washington's status quo.
He stepped down as Uber&#8217;s CEO in 2017 and resigned from its Board of Directors in 2019. He is now the CEO of City Storage Systems and leads the 10100 Fund.
Kalanick has reportedly been consulted by Musk and Ramaswamy on strategies to make federal government operations more efficient and responsive, <a href="https://www.businessinsider.com/doge-silicon-valley-leaders-elon-musk-donald-trump-vivek-ramaswamy-2024-11#vivek-ramaswamy-1">reported</a> Business Insider.
Earlier this year, there were rumors about Kalanick heading Tesla's robotaxi division, however, <a href="https://www.benzinga.com/news/24/07/39658817/elon-musk-denies-rumors-of-uber-co-founder-travis-kalanick-joining-tesla-to-lead-its-robotaxi-effort">Musk denied them</a>.&nbsp;
Marc Andreessen
Co-founder of Andreessen Horowitz, Andreessen is one of the <a href="https://www.benzinga.com/news/24/07/39813818/elon-musk-highlights-top-silicon-valley-investors-marc-andreessen-ben-horowitz-discussing-their-supp">most influential figures</a> in tech today. Established in 2009, Andreessen Horowitz has supported a range of companies, including OpenAI, Facebook, Airbnb, Anduril, Box, DoorDash, and GitHub.
In an episode of the Joe Rogan Experience podcast earlier this month, Andreessen made it clear that he sees Musk&#8217;s approach — focused on accountability and innovation — as a model for governmental efficiency.
He is also known for his sharp critique of government overreach, particularly when it comes to regulatory agencies like the SEC and FTC.&nbsp;
Last year, Andreessen and Musk <a href="https://www.benzinga.com/news/23/06/32978942/marc-andreessen-takes-a-dig-at-elon-musk-led-ai-camp-whats-really-happening-in-dc">clashed over demands</a> for strict AI regulations. Andreessen championed the idea of unrestricted AI development and market competition, believing they are essential to unlocking the technology's full potential.
Sriram Krishnan
Krishnan is a general partner at Andreessen Horowitz. He is another Silicon Valley leader reportedly in talks to join DOGE.&nbsp;
He has previously <a href="https://www.benzinga.com/news/22/12/30132350/who-could-be-the-next-twitter-ceo-after-elon-musk-a-look-at-7-potential-candidates">worked closely</a> with Musk during the Twitter takeover and has a background in managing high-growth companies like Meta Platforms, Inc. and Snap Inc.
Antonio Gracias
Gracias is a seasoned private equity executive who has been a <a href="https://www.benzinga.com/m-a/22/08/28562499/elon-musk-complains-about-twitter-hounding-him-for-chats-with-associates-outside-deal-scope-report">trusted ally of Musk</a> for years. Gracias played a key role in securing financing for Musk's $44 billion Twitter acquisition and has been integral to many of Musk's ventures, including Tesla.
Now, Gracias is reportedly advising on the strategic direction of DOGE.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41998717/elon-musk-and-vivek-ramaswamy-are-looking-for-high-iq-small-government-revolutionaries-who-are-willing-to-put-in-80-hours-at-doge">Elon Musk And Vivek Ramaswamy Are Looking For &#8216;High IQ Small-Government Revolutionaries&#8217; Who Are Willing To Put In 80+ Hours At DOGE</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photos courtesy: Gage Skidmore on Flickr

Politics

Media

Elon Musk's DOGE Dream Team: From Marc Andreessen To Uber's Travis Kalanick, Silicon Valley Titans Reportedly Join Forces To Overhaul Federal Spending

Renowned crypto analyst&nbsp;Michaël van de Poppe&nbsp;has predicted a significant rally for a top altcoin, alongside Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) potential historic surge. This forecast comes as the cryptocurrency market shows signs of a shift from Bitcoin dominance <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42237636/bitcoin-ethereum-dogecoin-simmer-down-on-thanksgiving-analyst-sees-significant-shift-from-btc-season-to-alt-season">to an altcoin season</a>.
What Happened: Van de Poppe anticipates a substantial breakout for&nbsp;Stacks (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/stx/usd">STX</a>), a top-50 altcoin. He suggests that STX,&nbsp;the native token of the&nbsp;Bitcoin layer-2 project, could rally by 70% as it nears a critical resistance level.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ecosystem fires up.<a href="https://twitter.com/search?q=%24STX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$STX</a> attacks the recent high, and is likely breaking through this resistance zone. Next stop? I think a new ATH. <a href="https://t.co/GxAySpTM3t">pic.twitter.com/GxAySpTM3t</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1862172102234935339?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
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Currently, STX is trading at $2.29, marking a 20% increase over the past week, with the potential to exceed its all-time high of $3.86 set in April.
Moreover, van de Poppe predicts that&nbsp;Bitcoin could reach a six-figure milestone if it breaks the $98,000 resistance on the four-hour chart. Bitcoin is currently trading at $96,995,&nbsp;up 1.3% in the last&nbsp;24 hours.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> should break $98K, and then we&#39;ll see $100K with 100% certainty as it breaks the trend. History to be made. <a href="https://t.co/7Vker9wHZg">pic.twitter.com/7Vker9wHZg</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1862479624774852763?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42214089/pepe-set-to-join-dogecoin-shiba-inu-as-multi-billion-dollar-meme-coin-by-2025-massive-breakout-coming-soon-trader-predicts?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Pepe Set to Join Dogecoin, Shiba Inu As Multi-Billion Dollar Meme Coin By 2025: &#8216;Massive Breakout&#8217; Coming Soon, Trader Predicts</a>
Additionally, van de Poppe is optimistic about&nbsp;VeChain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/vet/usd">VET</a>), highlighting its recent announcement of VeBetterDAO, an ecosystem rewarding sustainable actions.
Why It Matters: The cryptocurrency market is <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42237636/bitcoin-ethereum-dogecoin-simmer-down-on-thanksgiving-analyst-sees-significant-shift-from-btc-season-to-alt-season">undergoing a notable transition</a>. Bitcoin has been oscillating around the $95,000 zone, indicating a potential shift towards altcoins. This aligns with van de Poppe&#8217;s forecast of an altcoin season.
Furthermore,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42235119/ethereum-outperformed-bitcoin-this-week-as-key-indicators-shift-report">Ethereum&#8217;s recent outperformance</a>&nbsp;against Bitcoin, driven by key market indicators and the upcoming departure of SEC Chair&nbsp;Gary Gensler, has bolstered sentiment around altcoins. Gensler&#8217;s tenure was marked by stringent regulations on cryptocurrencies, and his resignation could signal a more favorable environment for altcoins.
Van de Poppe&#8217;s analysis also warns of potential&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42127938/bitcoin-analyst-warns-of-4-6-flash-crashes-before-year-end-as-it-inches-closer-to-100k-thats-the-moment-altcoins-shoot-off">&#8220;flash crashes&#8221;</a>&nbsp;in Bitcoin, which could present strategic entry points for investors, further fueling the altcoin rally.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Surge As Traders Raise Risk Appetite Ahead Of Thanksgiving</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

$BTC

$STX

$VET

Crypto Analyst Says This Altcoin Is Primed For A 70% Rally, Notes Bitcoin Could Cross $100K If This Happens

Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has shifted its focus from Cyber&nbsp;Monday to Black Friday for the second year in a row and is reaping the benefits of this move, according to&nbsp;Deepwater Asset Management's Gene Munster.
This strategic pivot aligns with Amazon&#8217;s tradition of creating its own sales events, such as Prime Day.
What Happened: Munster notes that potential changes to tariffs, especially to the rule on import duty on products valued at over $800, could adversely affect Amazon.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today is the second year that Amazon has shifted its focus from Cyber Monday to Black Friday. Their strategy of making their own weather (Prime Day Summer 2015, Prime Day Fall 2022, NFL Black Friday Game 2023) has been working. Before I jump in, I want to mention that…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1862499280885293414?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
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Despite this, the retail sector is gaining momentum, with sales growth accelerating over the past eight quarters. Paid units have risen from 8% in December&nbsp;2022 to 12% in September.
Retail profitability is also improving. Although Amazon does not disclose specific retail operating margins, Munster estimates an improvement from a negative&nbsp;3% two years ago to&nbsp;a positive 5% in the latest quarter.
He suggests that further improvements to 7% in 2025 could significantly boost earnings per share to $7.15, compared to current expectations of $6.15.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/24/11/42237636/bitcoin-ethereum-dogecoin-simmer-down-on-thanksgiving-analyst-sees-significant-shift-from-btc-season-to-alt-season?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Simmer Down On Thanksgiving: Analyst Sees &#8216;Significant Shift&#8217; From BTC Season To Alt Season</a>
This improvement could position Amazon&#8217;s stock to trade at a forward multiple similar to other tech giants like&nbsp;Microsoft Corp.,&nbsp;Apple Inc., and&nbsp;NVIDIA Corp.
Why It Matters: The shift to Black Friday comes amid a&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42244324/black-friday-frenzy-shoppers-queue-for-taylor-swift-merch-retro-gadgets-and-more-">frenzied shopping season</a>, with retailers across the U.S. and Europe rolling out deals to attract bargain hunters.
Stores opened as early as 5 a.m. following Thanksgiving, despite a shortened shopping season. This strategic timing is crucial as the holiday shopping season has been reshaped, with consumers making purchases earlier due to ongoing discounts.
Additionally, the potential impact of&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42240108/trump-tariffs-could-hit-pockets-of-consumers-retailers-urge-customers-to-shore-up">proposed tariffs</a>&nbsp;by the incoming Trump administration could create economic challenges. Analysts warn that these tariffs, aimed at addressing trade imbalances, might inadvertently lead to a stronger dollar, affecting both consumers and businesses.
Despite these challenges, the Black Friday to Cyber Monday period is expected to break sales records, with U.S. retail sales <a href="https://www.benzinga.com/news/retail-sales/24/11/42225933/black-friday-cyber-monday-shopping-set-to-break-sales-records">projected to reach $75 billion</a>, marking a 5% year-over-year growth. This underscores the importance of this key shopping period for retailers, as highlighted by&nbsp;Bain &amp; Company.
Price Action: Amazon stock closed at $207.89 on Friday, up by 1.05%. Year-to-date, Amazon's shares have gained nearly 39%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
The consensus analyst rating on the Amazon stock is currently "Buy," according to Benzinga Pro. The highest price target is $285, while the lowest is $197. At a consensus price target of $238.16, data shows there is an upside of 14.6%.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Retail Sales

AMZN

Amazon's Focus Shift To Black Friday From Cyber Monday Is Paying Off, Says Gene Munster: 'Small Changes To Profitability Can Have Measurable Impact To Earnings'

ChatGPT-parent OpenAI is facing a lawsuit in Canada from a coalition of news publishers, including The Canadian Press, Torstar, Globe and Mail, Postmedia, and CBC/Radio-Canada.
What Happened: The lawsuit claims that OpenAI&#8217;s ChatGPT system has been scraping content from Canadian media, violating copyright laws, <a href="https://apnews.com/article/canada-news-publishers-lawsuit-chatgpt-3e1790fcf4c9f001f1d32609c4d547af">reported</a> the Associated Press.
The publishers argue that OpenAI benefits financially from this <a href="https://www.benzinga.com/news/24/06/39443965/openai-and-anthropic-allegedly-ignore-web-scraping-rules-stirring-controversy">content without proper authorization</a> or compensation, undermining their investments in journalism.
They also stress the importance of adhering to legal standards and ensuring fair use of intellectual property. OpenAI, however, asserts that its models are trained on publicly available data and are based on fair use principles.
See Also: <a href="https://www.benzinga.com/markets/24/11/42210862/nvidias-journey-to-the-top-with-3-5-trillion-market-capitalization-how-the-ai-chip-giant-transformed-post-covid?itm_source=parsely-api">Nvidia&#8217;s Journey To The Top With $3.5 Trillion Market Capitalization: How The AI Chip Giant Transformed Post-COVID</a>
Why It Matters: This lawsuit is the first of its kind in Canada, although similar legal actions are <a href="https://www.benzinga.com/24/05/38545693/microsoft-openai-sued-by-newspaper-publishers-for-copyright-infringement-over-allegedly-generating-n">underway in the U.S</a>. Some news organizations have chosen to partner with OpenAI, securing compensation deals.
This includes OpenAI's deal with Condé Nast in August earlier this year, to incorporate <a href="https://www.benzinga.com/news/24/08/40477338/chatgpt-maker-openai-forges-content-partnership-with-vogue-and-new-yorker-publisher-cond-nast-amid-c">content from brands</a> like Vogue and The New Yorker into its products.&nbsp;
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Despite these challenges, OpenAI continues to expand its influence in the AI sector. In October, the AI startup raised $6.6 billion, reaching a <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">valuation of $157 billion</a>.
Meanwhile, Canada has introduced legislation requiring tech giants like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to <a href="https://www.benzinga.com/news/23/06/33070917/after-meta-google-plans-to-cut-off-canada-from-news">pay news publishers</a>.
Earlier this week, Canada's Competition Bureau also initiated <a href="https://www.benzinga.com/24/11/42238248/google-faces-historic-antitrust-lawsuit-in-canada-demanding-sale-of-key-ad-tech-tools">legal proceedings against</a> Google, accusing the tech giant of engaging in anti-competitive practices within the online advertising sector.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Legal

GOOG

GOOGL

OpenAI Faces Fresh Legal Battle As Canadian News Giants Sue ChatGPT-Maker Citing Violation Of Copyright Laws

The Future Fund managing partner Gary Black thinks that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will not roll out the Cybercab earlier than its scheduled release in 2026.
What Happened: Black said in a post on X on Friday that those who believe Tesla won't launch a more affordable compact model priced between $25,000 and $30,000 with four seats, a steering wheel, and pedals in the first half of 2025 are overlooking key details.
He referenced the EV giant's <a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">third-quarter earnings call</a> transcript where Elon Musk tied the topic of a cheaper Tesla EV to a forecast of 20-30% YoY volume growth for 2025.
See Also: <a href="https://www.benzinga.com/24/11/42185887/astrophysicist-neil-degrasse-tyson-dismisses-musks-vision-to-build-self-sustaining-city-on-mars?itm_source=parsely-api">Astrophysicist Neil deGrasse Tyson Dismisses Elon Musk&#8217;s Mars Vision: SpaceX CEO Hits Back, Says &#8216;They Really Don&#8217;t Get It&#8217;</a>
He went on to add that the <a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">Cybercab won&#8217;t be available until 2026</a>, underscoring that Tesla will not disclose any details about the new cheaper model until right before its launch to avoid impacting Model 3 or Model Y sales in the fourth quarter.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">For those who insist there will not be a cheaper ($25K-$30K after $7,500 tax credit) TSLA Compact with 4 seats, steering wheel, and pedals launched in 2025/1H, you're not paying attention. Read the 3Q earnings call transcript below where Elon tied the topic of a cheaper TSLA EV… <a href="https://t.co/GXRV3Lo2jw">pic.twitter.com/GXRV3Lo2jw</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1862540272556810610?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
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In a separate tweet, Wedbush analyst Dan Ives highlighted that the next major milestone investors are waiting for is a formal federal framework for Full Self-Driving (FSD).
He believes it will provide a significant boost to Tesla's autonomous and AI ambitions in 2025 and 2026.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The next step the Street awaits is a formal federal framework for FSD as one of the Transportation Dept first key priorities. This will be a huge step forward in easing US rules for self driving cars and be a significant tailwind for Tesla&#39;s autonomous and AI vision in 25/26 &#x1f525;&#x1f402;
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1862492012223602949?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
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Why It Matters: Earlier this week, Cybercab was <a href="https://www.benzinga.com/tech/24/11/42230503/tesla-cybercab-spotted-testing-in-giga-texas-facility">spotted undergoing tests</a> at the Giga Texas facility.
The vehicle, priced below $30,000, is a key element of the company&#8217;s plan to transform urban transportation through self-driving vehicles.
However, the autonomous vehicle industry faces skepticism, as Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) CEO Peter Rawlinson previously said that self-driving cars won&#8217;t be a <a href="https://www.benzinga.com/news/24/10/41505138/lucid-ceo-throws-cold-water-on-teslas-robotaxi-vision-says-self-driving-cars-wont-happen-till-the-20">reality until the 2030s</a>.
In October, Tesla reported its third-quarter revenue which reached $25.18 billion, marking an 8% increase compared to the previous year. However, the figure fell short of the Street&#8217;s consensus estimate of $25.37 billion, according to the<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1"> data from Benzinga Pro</a>.
Price Action: Tesla&#8217;s stock finished at $345.16 on Friday, rising 3.69% for the day. In after-hours trading, it saw a slight uptick of 0.081%. Year-to-date, Tesla&#8217;s stock has surged by 38.94%.
The consensus rating for Tesla stock is &#8220;Neutral,&#8221; according to data from Benzinga Pro. The highest price target is $400, while the consensus target stands at $232.20, suggesting a 33% downside from current prices.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30013813/Screenshot-2024-11-30-at-12.08.07%E2%80%AFPM-1024x380.png" alt="" class="wp-image-670998" /></a></figure>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Pexels

LCID

TSLA

Tesla Bull Gary Black Says Cybercab Won't See An Early Roll Out, Expects A Cheaper Compact Car Under $30K To Launch In First Half Of 2025

Michael Saylor, executive chairman and co-founder of&nbsp;MicroStrategy&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), likened Bitcoin to &#8220;Manhattan in cyberspace,&#8221; describing it as a long-lasting asset in an interview on Wednesday.
What Happened:&nbsp;Saylor emphasized the unique nature of Bitcoin, highlighting its capped supply and its status as a global, digital commodity, in <a href="https://www.barrons.com/amp/articles/microstrategy-stock-michael-saylor-bitcoin-90e4cdc7">an</a> interview with Barron's.
"Bitcoin is actually a way to store value without a trusted intermediary. I'm putting my money in cyberspace, and I want to transform the capital from financial and physical to digital," Saylor said.
"It is indestructible, immortal, invisible, and you don't have all the things that drag down the value of a building. So think of it as Manhattan in cyberspace."
Saylor called the flow of money into Bitcoin to a flow of money from the 20th century to the 21st.
MicroStrategy&#8217;s strategy of leveraging Bitcoin has significantly impacted its stock performance. The company&#8217;s shares have surged 465% year-to-date, vastly outperforming the S&amp;P 500&#8217;s 27% gain.
Over the past two years, MicroStrategy&#8217;s stock has climbed an astonishing 1,773%, compared to the index&#8217;s 48% rise, according to Barron&#8217;s.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42232028/remember-james-howells-who-lost-his-hard-drive-with-8000-bitcoins-now-worth-760m-his-ex-girlfriend-reveals-it-was-she-who-threw-it-away?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Remember James Howells Who Lost His Hard Drive With 8,000 Bitcoins Now Worth $760M? His Ex-Girlfriend Reveals It Was She Who Threw It Away</a>
Saylor also discussed MicroStrategy&#8217;s capital-raising plan, which includes issuing stock to purchase Bitcoin. He stated that this approach allows the company to benefit from Bitcoin&#8217;s growth, which he believes yields more than the S&amp;P 500.
As for MicroStrategy's primary product, Saylor said it's now actually a &#8220;Bitcoin treasury company,&#8221; with its treasury operations significantly outpacing its software business in terms of earnings.
Why It Matters:&nbsp; Saylor&nbsp;has been a prominent advocate for Bitcoin, consistently promoting its potential as a valuable asset. In a recent interview, he revealed that&nbsp;MicroStrategy&nbsp;is <a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now">generating $500 million daily</a> from Bitcoin as its value nears $100,000.
Saylor has also been vocal about the opportunity cost of not investing in Bitcoin. He criticized&nbsp;Warren Buffett&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42084722/warren-buffett-destroying-3b-a-month-of-berkshire-capital-by-not-investing-in-bitcoin-says-microstrategys-michael-saylor">for not utilizing</a> Berkshire Hathaway&#8217;s cash reserves to invest in Bitcoin, suggesting that it has resulted in significant capital destruction.
Moreover, Saylor&#8217;s approach to Bitcoin has <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41683531/michael-saylor-calls-microstrategy-the-public-equity-play-on-bitcoin-maximalism-heres-whos">positioned&nbsp;MicroStrategy</a>&nbsp;as a key player in the Bitcoin space, branding it as the &#8220;public equity play on Bitcoin maximalism."
Price Action: MicroStrategy's stock closed at $387.47 on Friday, falling slightly by 0.35%. Year-to-date, the stock has gained 465%, according to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41683531/michael-saylor-calls-microstrategy-the-public-equity-play-on-bitcoin-maximalism-heres-whos">Benzinga Pro data</a>.
The MicroStrategy stock has a consensus rating of "Buy." The highest price target is $690, while the consensus price target is $449.50, implying a 16% upside.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="946" height="355" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30025120/MSTR-rating.jpg" alt="" class="wp-image-671020" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30025120/MSTR-rating.jpg 946w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30025120/MSTR-rating-300x113.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30025120/MSTR-rating-768x288.jpg 768w" sizes="(max-width: 946px) 100vw, 946px" /></figure>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Michael Saylor / MicroStrategy

MicroStrategy's Michael Saylor Calls Bitcoin The 'Manhattan In Cyberspace,' Says It's An Asset You Could Expect To 'Last 1,000 Years'

JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)&nbsp;has decided to withdraw its lawsuit against&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which was centered around a breach of contract involving stock warrants from 2014.
What Happened:&nbsp;This resolution was revealed through a court filing in Manhattan, indicating that both parties have agreed to&nbsp;drop their claims against each&nbsp;other, reported Reuters.
The lawsuit, initiated by JPMorgan in November 2021, sought $162.2 million. The bank alleged that Tesla breached the contract following a 2018 post by CEO Elon Musk, which suggested taking&nbsp;Tesla private at $420 per&nbsp;share.
This post, according to JPMorgan, led to significant stock price volatility, necessitating adjustments to the strike price of the warrants.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/24/11/42207185/tesla-sweetens-referral-program-allowing-customers-to-earn-up-to-10000-as-elon-musks-ev-giant-races-to-500k-q4-delivery-target?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Sweetens Referral Program, Allowing Customers To Earn Up To $10,000 As Elon Musk&#8217;s EV Giant Races To 500K Q4 Delivery Target</a>
JPMorgan argued that the post required them to reprice the warrants, and Tesla&#8217;s failure to compensate for the subsequent stock price increase led to the lawsuit.
Tesla countersued in January 2023, accusing JPMorgan of attempting to gain a &#8220;windfall&#8221; through the repricing. The settlement terms remain undisclosed.
Why It Matters: The roots of this legal battle trace back to&nbsp;<a href="https://www.benzinga.com/news/18/08/12156605/musk-tweets-he-might-take-tesla-private-at-420">Elon Musk&#8217;s post</a>&nbsp;in August 2018, where he mentioned considering taking&nbsp;Tesla private at $420 per&nbsp;share, claiming to have secured funding.
This caused a spike in Tesla&#8217;s stock price and led to a series of events, including a&nbsp;<a href="https://www.benzinga.com/news/18/09/12421558/sec-charges-tesla-ceo-elon-musk-with-fraud-for-funding-secured-tweets">fraud charge</a>&nbsp;by the SEC against Musk.
The lawsuit by JPMorgan, filed in&nbsp;<a href="https://www.benzinga.com/news/21/11/24113326/tesla-sued-by-jpmorgan-over-refusing-to-pay-up-162m-in-dispute-over-warrants">November 2021</a>, was a direct result of the financial implications of Musk&#8217;s post. The settlement marks the end of a prolonged legal dispute that has been closely watched by investors and industry observers.
Price Action: Tesla stock closed at $345.16 on Friday, up 3.7%. The stock is up nearly 39% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
The Tesla stock has a consensus rating of "Neutral." The highest price target is $400, while the consensus price target is $232.20, implying a 33% downside.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="944" height="351" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30012135/Tesla-rating-1.jpg" alt="" class="wp-image-670988" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30012135/Tesla-rating-1.jpg 944w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30012135/Tesla-rating-1-300x112.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/30012135/Tesla-rating-1-768x286.jpg 768w" sizes="(max-width: 944px) 100vw, 944px" /></figure>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image made via photos on Shutterstock

JPMorgan, Tesla Settle 3-Year-Old Dispute Over Stock Warrants

Cryptocurrency investor and Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>) founder Justin Sun has eaten a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42116475/paying-6-24-million-for-a-duct-taped-banana-justin-sun-did-just-that-and-now-hell-eat-it-as-part-of-this-unique-artistic-experience">$6.2 million duct-taped banana artwork</a>, asserting its conceptual value and drawing parallels to digital assets like NFTs.
What Happened: Sun, who outbid six others at a Sotheby&#8217;s auction in New York on Nov. 20, consumed the pricey fruit at a news conference in Hong Kong on Friday.
The artwork, named &#8220;Comedian,&#8221; was initially presented by Italian visual artist Maurizio Cattelan at the Art Basel Fair Miami in 2019.
See Also: <a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021?itm_source=parsely-api">Bitcoin, Ethereum, Dogecoin Surge As Traders Raise Risk Appetite Ahead Of Thanksgiving: Analyst Sets Mid-Term Price Target For ETH At $6K</a>
&#8220;To be honest, for a banana with such a back story, the taste is naturally different from an ordinary one,&#8221; Sun posted on X, formerly Twitter.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Many friends have asked me about the taste of the banana. To be honest, for a banana with such a back story, the taste is naturally different from an ordinary one. I could discern a hint of what Big Mike bananas from 100 years ago might have tasted like. &#x1f34c; <a href="https://t.co/Sz6zaePGpv">pic.twitter.com/Sz6zaePGpv</a>
&mdash; H.E. Justin Sun &#x1f34c; (@justinsuntron) <a href="https://twitter.com/justinsuntron/status/1862512985346121735?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The banana showcased at Sotheby&#8217;s was procured for 35 cents from a New York City fruit vendor. Sun has expressed his intention to buy 100,000 more bananas from the original vendor. He ate a replacement banana bought in Hong Kong at the event.
&#8220;The real value is the concept itself,&#8221; he said, equating &#8220;Comedian&#8221; to digital assets such as NFTs.
&#8220;This conceptual artwork can be assembled and disassembled anywhere and at any time conveniently and in any place in the world,&#8221; he further elaborated.
Why It Matters: This event mirrors previous performances by artist David Datuna in 2019 and a South Korean university student in 2023.
Earlier this year in October, Sun was appointed as the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41285570/tron-founder-justin-sun-appointed-prime-minister-of-a-crypto-focused-micronation-in-europe">Prime Minister of Liberland</a>, a self-proclaimed micronation that operates on a cryptocurrency and blockchain-based economy.
This appointment came after a notable career setback for him. In April 2023, Sun was removed from his position as <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31614541/grenada-takes-a-stand-tron-blockchain-founder-justin-sun-loses-wto-rep-role-amid-sec-lawsu">Grenada's Ambassador</a> to the World Trade Organization (WTO) due to an SEC lawsuit filed against him.
He held the ambassadorial role since November 2021 and represented Grenada at the WTO's 12th Ministerial Conference. Despite this, he still refers to himself with the title H.E. ("His Excellency") on his official X account.
Price Action: At the time of writing, TRX, the native cryptocurrency of Tron, was trading at $0.2041, reflecting a 1.23% increase over the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42225289/heres-how-much-100-invested-in-xrp-token-today-will-be-worth-if-crypto-returns-to-all-time-highs?itm_source=parsely-api">Here&#8217;s How Much $100 Invested In XRP Token Today Will Be Worth If Crypto Returns To All-Time Highs</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

General

$TRX

Costliest Snack Ever? Crypto Investor And Tron Founder Justin Sun Eats $6.2M Duct-Taped Banana: 'The Real Value Is The Concept Itself'

Canadian Prime Minister Justin Trudeau could speak to President-elect Donald Trump about the potential negative impacts of his proposed 25% tariff plan on American and Canadian citizens.
What Happened: Trudeau and Trump had a high-stakes dinner at Mar-a-Lago on Friday, <a href="https://edition.cnn.com/2024/11/29/politics/donald-trump-justin-trudeau-dinner/index.html">reported</a> CNN, citing a source familiar with the meeting.
This meeting is taking place shortly after Trump announced his plans to significantly increase tariffs on goods from Mexico and Canada, starting from the first day of his administration.
During a morning conference, Trudeau voiced his concerns, stating, &#8220;Our responsibility is to point out that in this way he would be actually not just be harming Canadians, who work so well with the U.S.; he'd actually be raising prices for American citizens as well and hurting American industry and businesses.&#8221;
See Also: <a href="https://www.benzinga.com/24/11/42231794/mark-cuban-says-his-doors-are-open-for-musk-and-ramaswamy-can-doge-leverage-his-cost-plus-drug-company-to-transform-federal-healthcare-programs?itm_source=parsely-api">Will Mark Cuban Join Rivals Elon Musk, Vivek Ramaswamy&#8217;s DOGE? &#8216;Shark Tank&#8217; Host Says &#8216;Both Know How To Reach Me&#8217;</a>
Trump&#8217;s proposed tariffs could disrupt America&#8217;s supply chains and industries that rely on goods from its closest trading partners.
The two leaders had a brief call focused on border security and trade after Trump&#8217;s announcement, which a senior Canadian government source described as productive, the report noted.
During Trump&#8217;s first administration, the U.S. and Canada had a strained relationship, especially on trade issues.
Trump used tariffs against Canada during negotiations over replacing the North American Free Trade Agreement. It remains unclear how Trump plans to implement the proposed tariffs without violating the USMCA.
Why It Matters: Trump&#8217;s tariff announcement <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">came in response</a> to what he described as an &#8220;invasion&#8221; due to the increasing number of people crossing the borders from Mexico and Canada into the U.S.
According to Goldman Sachs, Trump&#8217;s tariff proposal could cause <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42202496/goldman-sachs-expects-major-selloffs-in-canadian-dollar-mexican-peso-says-trump-tariffs-threaten-usmca-agreement">significant fallout for</a> trade flows, exchange rates, and consumer prices. Mexico, Canada, and China collectively make up 43% of U.S. goods imports.
In response to Trump&#8217;s threats, Canada has also reportedly started preparing for <a href="https://www.benzinga.com/24/11/42225506/canada-prepares-retaliatory-tariffs-as-trumps-threat-looms-analysts-warn-of-further-loonie-weakness">potential retaliatory tariffs</a> on U.S. goods.
Analysts have also warned that the <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42240108/trump-tariffs-could-hit-pockets-of-consumers-retailers-urge-customers-to-shore-up-purchases-experts-warn-a-stronger-dollar-might-still-not-make-up-for-deficit">proposed tariffs could lead</a> to a stronger dollar, affecting consumers and businesses alike.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/11/42223923/trump-hhs-pick-robert-f-kennedy-jr-s-wealth-comes-from-family-law-practice-oil-bitcoin?itm_source=parsely-api">Trump HHS Pick Robert F. Kennedy Jr.&#8217;s Wealth Comes From Family, Law Practice, Oil, Bitcoin</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Economics

Canadian PM Justin Trudeau Warns Trump's 25% Tariff Plan Will Hurt Americans At High-Stakes Dinner

Cryptocurrency markets are closing Friday strong, with Bitcoin&#8217;s performance paving the <a href="https://www.benzinga.com/topic/altcoins">way for altcoin gains.</a>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$97,590</td>
<td>+2.8%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$3,600</td>
<td>+1.0%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$242.66</td>
<td>+2.8%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.4355</td>
<td>+9.6%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00002621</td>
<td>+4.0%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume decreasing by 22.6% and daily active addresses falling by 8%. Exchanges netflows are up by 188%.</li>
<li>Coinglass data reports 86,529 traders were liquidated in the past 24 hours for $242 million, with $150 million being liquidated short positions.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42250465/dogecoin-price-up-65-what-is-going-on">Dogecoin Price Up 6.5%: What Is Going On?</a></li>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/24/11/42246620/xrp-price-soars-20-in-24-hours-why-is-xrp-up">XRP Price Soars 20% In 24 Hours: Why Is XRP Up?</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42247693/dogecoin-etf-coming-in-2025-i-think-someones-going-to-try-says-etf-analyst">Dogecoin ETF Coming In 2025? &#8216;I Think Someone&#8217;s Going To Try,&#8217; Says ETF Analyst</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42244078/vladimir-putin-signs-bitcoin-mining-crypto-taxation-law">Vladimir Putin Signs Bitcoin Mining, Crypto Taxation Law</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42245202/peter-schiff-bitcoin-reserve-is-the-worst-monetary-mistake-us-could-make">Peter Schiff: Bitcoin Reserve Is The &#8216;Worst Monetary Mistake&#8217; US Could Make</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Algorand (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/algo/usd">ALGO</a>)</td>
<td>&nbsp;$0.4318</td>
<td>+42.3%</td>
</tr>
<tr>
<td>Hedera (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/hbar/usd">HBAR</a>)</td>
<td>&nbsp;$0.17</td>
<td>+18.9%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>&nbsp;$1.74</td>
<td>+17.7%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Daniel Cheung, co-founder of Syncracy Capital, <a href="https://x.com/HighCoinviction/status/1862596640793612426">speculates</a> that altcoins will &#8220;rip 50% in a day&#8221; once Bitcoin breaks $100,000.
Trader Bluntz highlights a bullish chart pattern for Dogecoin playing out, <a href="https://x.com/Bluntz_Capital/status/1862587386036985898">saying</a>, &#8220;things are about to get fun again.&#8221;
Popular crypto analyst Michaёl van de Poppe sees this as the &#8220;institutional and governmental cycle,&#8221; flagging discussions around Bitcoin as a strategic reserve in the U.S. and Brazil, while Russia recognizes Bitcoin as property.
&#8220;It&#8217;s actually an insane period,&#8221; the analyst concludes. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s actually an insane period. &#8211; Trump looking to add <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> as strategic reserve. &#8211; A bill proposing the same in Brazil. &#8211; Russia recognising <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> &amp; <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> as property. It&#39;s the institutional &amp; governmental cycle. This goes way higher than we all wish for.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1862587340528537993?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42232028/remember-james-howells-who-lost-his-hard-drive-with-8000-bitcoins-now-worth-760m-his-ex-girlfriend-reveals-it-was-she-who-threw-it-away">Remember James Howells Who Lost His Hard Drive With 8,000 Bitcoins Now Worth $760M? His Ex-Girlfriend Reveals It Was She Who Threw It Away (CORRECTED)</a></li>
</ul>
Image: Shutterstock

$ALGO

$DOGE

$ETH

$HBAR

$SHIB

$SOL

$XRP

Bitcoin, Ethereum, Dogecoin Climb, But Ripple Rockets: Analyst Calls It 'An Insane Period'

FTCI

Trading Halt: Halted at 4:50:00 p.m. ET - Trading Halt: Halt News Pending

Citigroup analyst Yigal Nochomovitz maintains Applied Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLT#NASDAQ">APLT</a>) with a Buy and lowers the price target from $13 to $8.

Price Target

Analyst Ratings

APLT

Citigroup Maintains Buy on Applied Therapeutics, Lowers Price Target to $8

JP Morgan analyst Lisa Gill maintains Privia Health Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRVA#NASDAQ">PRVA</a>) with a Overweight and raises the price target from $27 to $28.

PRVA

JP Morgan Maintains Overweight on Privia Health Gr, Raises Price Target to $28

JP Morgan analyst Jeremy Tonet maintains Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>) with a Neutral and raises the price target from $34 to $42.

JP Morgan Maintains Neutral on Kodiak Gas Services, Raises Price Target to $42

The Q3 earnings report for Globus Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) was released on Friday, November 29, 2024 at 04:00 PM.
Here's what investors need to know about the latest announcement.
<h3>Earnings</h3>
Globus Maritime beat estimated earnings by 70.0%, reporting an EPS of $-0.03 versus an estimate of $-0.1.
Revenue was up $1.27 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
The company beat on EPS by $0.12 in the previous quarter, leading to a 2.0% increase share price change the next day.
Here's a look at Globus Maritime's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>-0.02</td>
<td>-0.10</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.16</td>
<td>-0.01</td>
<td>0.02</td>
<td>0.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>7.80M</td>
<td>8.00M</td>
<td>5.80M</td>
<td>12.30M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>9.52M</td>
<td>7.71M</td>
<td>7.11M</td>
<td>7.68M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Globus Maritime <a href="https://www.benzinga.com/quote/GLBS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

GLBS

Globus Maritime: Q3 Earnings Insights

<h3>Gainers</h3>
<ul>
<li>Lion Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGHL#NASDAQ">LGHL</a>) shares increased by 22.5% to $0.21 during Friday's pre-market session. The market value of their outstanding shares is at $5.1 million. </li>
<li>X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) shares increased by 14.32% to $8.3. The market value of their outstanding shares is at $393.5 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>Patriot Ntl Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNBK#NASDAQ">PNBK</a>) stock rose 9.99% to $1.98. The company's market cap stands at $7.8 million. </li>
<li>XChange Tec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XHG#NASDAQ">XHG</a>) shares rose 9.74% to $1.69. The company's market cap stands at $190.3 million. </li>
<li>Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) shares rose 6.79% to $33.0. The company's market cap stands at $1.4 billion. </li>
<li>Kingstone Companies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KINS#NASDAQ">KINS</a>) shares rose 6.58% to $17.0. The market value of their outstanding shares is at $209.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Inter &amp; Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>) stock decreased by 16.7% to $4.4 during Friday's pre-market session. The company's market cap stands at $1.9 billion. </li>
<li>Hilltop Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTH#NYSE">HTH</a>) stock fell 15.67% to $26.82. The company's market cap stands at $1.7 billion. </li>
<li>XP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) stock decreased by 9.37% to $13.55. The company's market cap stands at $7.2 billion. </li>
<li>Bank Bradesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBDO#NYSE">BBDO</a>) stock fell 8.42% to $1.85. The market value of their outstanding shares is at $19.6 billion. </li>
<li>StoneCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) shares fell 8.36% to $9.54. The market value of their outstanding shares is at $2.9 billion. </li>
<li>Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) stock declined by 8.2% to $53.01. The company's market cap stands at $5.6 billion. 
See Also: <a href="http://www.benzinga.com/money/best-financial-services-stocks/" title="www.benzinga.com/money/best-financial-services-stocks/">www.benzinga.com/money/best-financial-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

BBDO

BHLB

ESNT

INTR

KINS

LGHL

PNBK

STNE

12 Financials Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Super Hi International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HDL#NASDAQ">HDL</a>) stock increased by 15.1% to $19.48 during Friday's pre-market session. The company's market cap stands at $1.1 billion. As per the news, the Q3 earnings report came out 4 days ago. </li>
<li>Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) shares rose 8.86% to $2.7. The market value of their outstanding shares is at $499.3 million. As per the press release, Q4 earnings came out 4 days ago. </li>
<li>Foresight Autonomous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSX#NASDAQ">FRSX</a>) stock moved upwards by 8.19% to $0.66. The company's market cap stands at $10.1 million. </li>
<li>Jianzhi Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZ#NASDAQ">JZ</a>) stock increased by 8.15% to $1.11. The market value of their outstanding shares is at $31.2 million. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) stock increased by 7.98% to $0.35. The market value of their outstanding shares is at $3.4 million. </li>
<li>Birks Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BGI#AMEX">BGI</a>) stock increased by 7.86% to $1.7. The company's market cap stands at $32.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Dogness (Intl) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOGZ#NASDAQ">DOGZ</a>) stock fell 14.4% to $44.4 during Friday's pre-market session. The market value of their outstanding shares is at $565.2 million. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock declined by 10.37% to $0.92. The market value of their outstanding shares is at $11.9 million. </li>
<li>Ambow Education Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AMBO#AMEX">AMBO</a>) stock fell 10.16% to $1.77. The market value of their outstanding shares is at $5.0 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares declined by 9.86% to $3.11. The company's market cap stands at $2.8 million. </li>
<li>Mynd.ai (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MYND#AMEX">MYND</a>) stock declined by 6.75% to $2.15. The company's market cap stands at $98.1 million. </li>
<li>Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) stock fell 6.04% to $4.98. The company's market cap stands at $9.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMBO

DOGZ

EEIQ

FRSX

LESL

LTRY

MYND

TRNR

12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pineapple Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/pegy-stock-quote/">PEGY</a>) just reported results for the second quarter of 2024.<ul><li>Pineapple Energy reported earnings per share of -$1.11. This was above the analyst estimate for EPS of -$2.70.</li><li>The company reported revenue of $13.55 million.</li><li>This was 35.17% worse than the analyst estimate for revenue of $20.90 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	The post <a href="https://investorplace.com/earning-results/2024/08/pegy-stock-earnings-pineapple-energy-for-q2-of-2024/">PEGY Stock Earnings: Pineapple Energy Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

PEGY Stock Earnings: Pineapple Energy Beats EPS, Misses Revenue for Q2 2024

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Pineapple Energy (PEGY) announced that it is changing its corporate name to SUNation Energy. The effective date for the name change will be announc...

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Pineapple Energy (PEGY) has regained compliance with the Nasdaq Capital Market's continued listing standard for the minimum share price requirement...

Pineapple Energy regains compliance with Nasdaq minimum bid price rule

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Pineapple Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/pegy-stock-quote/">PEGY</a>) just reported results for the second quarter of 2024.<ul><li>Pineapple Energy reported earnings per share of -$1.11. This was above the analyst estimate for EPS of -$2.70.</li><li>The company reported revenue of $13.55 million.</li><li>This was 35.17% worse than the analyst estimate for revenue of $20.90 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div>	
	The post <a href="https://investorplace.com/earning-results/2024/08/pegy-stock-earnings-pineapple-energy-for-q2-of-2024/">PEGY Stock Earnings: Pineapple Energy Beats EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Pineapple Energy (PEGY) announced that it has begun the effectuation of the change to its corporate name to SUNation Energy, Inc. by filing its Cer...

Pineapple Energy announces corporate name change to SUNation Energy

Pineapple Energy changes its corporate name to SUNation Energy

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Press Releases

Pineapple Energy Announces Previously Approved Reverse Stock Split, Effective October 17, 2024

Pineapple Energy Announces Lease Termination for Former Minnesota Headquarters - Move Expected to Produce Total Savings of Approximately $480,000

Contracts

Pineapple Energy Announces Two Additional Commercial Solar Installations, with Work Scheduled to Begin November 2024

Pineapple Energy Subsidiary SUNation Completes Foundational Engineering Work on 8.46 MW Commercial Installations Valued at $11 Million

Pineapple Subsidiary SUNation Announces Strategic Partnership With Radial Power to Expand Renewable Energy Solutions

Pineapple Energy to Host Virtual Fireside Chat

Dividends

Pineapple Energy Announces Distribution to Contingent Value Rights Holders

Pineapple Energy Shareholders Overwhelmingly Approve Incorporation to Delaware and New Corporate Name Change to SUNation Energy, Inc.

Pineapple Energy Regains Compliance With Nasdaq Minimum Bid Price Requirements

Pineapple Energy Announces Corporate Name Change  to SUNation Energy, Inc., and New Ticker Symbol

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