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NVIDIA’s Stock Revival! What It Means for Future Gaming TechnologyControversial billionaire Elon Musk responded to speculation that MSNBC could be put up for sale , asking on Friday how much the cable news network would set him back. The Comcast media conglomerate announced Wednesday it planned to spin some of its NBCUniversal properties — including MSNBC, CNBC, USA, Oxygen and E! — into “a new publicly traded company.” The announcement prompted some social media users, including Donald Trump Jr., to suggest the world’s richest man should buy MSNBC . Many of the left-leaning network’s hosts, including Joe Scarborough, Rachel Maddow and Mika Brzezinski, have been critical of Musk and the MAGA movement he supports . “Hey @elonmusk I have the funniest idea ever!!!” Trump Jr. posted on Friday alongside a graphic joking that MSNBC would sell for the “best offer.” “How much does it cost?” replied Musk, whose net worth was estimated to have reached a record high of $321.7 billion on Friday. Musk’s response was very similar to the one he gave in 2017 when some social media users suggested he buy Twitter. Five years later, he spent $44 billion to purchase the platform , which he renamed X and has since used to promote his right-wing ideology and conspiracy theories . “I mean it can’t be much,” Trump Jr. wrote back. “Look at the ratings.” MSNBC viewership reportedly plummeted 38% after Election Day, according to The Wrap. Musk’s banter with Trump Jr. continued, with the entrepreneur writing, “The most entertaining outcome, especially if ironic, is most likely.” While Comcast made no mention of selling MSNBC to Musk , the big-spending tech wiz has proven he can take over companies despite resistance from their board of directors, just as he did with Twitter. Speculation about Musk buying a progressive cable news network comes a week after satirical site The Onion announced it had purchased Alex Jones’ far-right “InfoWars” empire in a bankruptcy auction. Jones was forced to sell the disgraced brand to satisfy a judgment against him in connection with the lies and conspiracy theories he pushed about the 2012 massacre at Connecticut’s Sandy Hook Elementary School . A Texas judge has delayed that acquisition while a court reviews details of the bidding process.Medicure Reports Financial Results For Quarter Ended September 30, 2024
Ever since it opened at Disneyland in 1969, the Haunted Mansion has spooked and delighted millions and millions of Disney Parks guests from all over the world. Now, with the Disney Treasure's Haunted Mansion Parlor, there is a brand-new way to experience this beloved attraction while in the middle of the ocean on Disney's newest cruise ship. Welcome, Foolish Mortals The Haunted Mansion Parlor feels like the perfect extension of The Haunted Mansion itself and just screams authenticity. From the iconic ticking clock sound to a floating Madame Leota to eerily familiar paintings that hide dark secrets to hitchhiking ghosts and the always wonderful 'Grim Grinning Ghosts,' there is so much love and care put into every inch of this lounge. However, this isn't just a smaller version of the Haunted Mansion. No, this is its own wonderful place with its own story to tell that shouldn't be missed. "We built our own mythology here because we're on a cruise ship, so we wanted it to have a nautical twist to everything," Danny Handke, senior creative director at Walt Disney Imagineering, said. "And we built it all around this Captain character who is currently dead but lives on in this place and even in a portrait in the lounge. "This is the Captain's lounge, and the story is he rescued his bride-to-be who is actually a murderous mermaid you can also meet in the parlor. They get engaged and things start to go wrong and that's where the real Haunted Mansion story comes into play. More of the story is then told in various ways around the space and you have the option to discover it on your own and figure out what the lore is." One of the biggest additions to this lore is the centerpiece of the Haunted Mansion Parlor - an aquarium with ghost fish. While this alone seems like a very cool concept, its history goes way back to when the original Haunted Mansion was being developed. "The Haunted Mansion was worked on and developed for 10 years before it opened in 1969 at Disneyland for the first time and there were so many things that didn't make it in," Daniel Jones, executive illusions & effects development at Walt Disney Imagineering, told me. "So, with love, we looked at all these concepts and what really popped out were the Museum of the Weird elements that Imagineer Rolly Crump had worked on. Most of all however, the team and I agreed the Ghost Fish Aquarium was a must because it's the perfect fit." The Museum of the Weird was set to be a companion walkthrough experience to the Haunted Mansion but it never saw the light of day due in part to Walt's passing. Variations of some of the planned pieces of the museum - from the 'Donald Armchair' near the Endless Hallway to the iconic wallpaper - made it into the Haunted Mansion, and now one more of Crump's designs can be celebrated. While this was an exciting prospect for the team, it also proved to be one of the parlor's most difficult challenges. "The Ghost Fish Aquarium was a call it action to my team and I because a lot of illusions and things that we like to do tend to be in the dark and from one point of view and, as you know, the aquarium is the central piece and can be seen from all sides," Joseph said. "You can look through and see other people behind it. So it is, for all intents and purposes, a real fish tank just like you'd normally have but with ghost fish." Getting this bit of "Disney Magic" came down to the wire as it wasn't quite to the standard of Walt Disney Imagineering until after it was already installed on the ship. The aquarium was mocked up and designed four years beforehand but the team was tweaking it up until the last minute to make it what they all knew it could be. "The aquarium is a great example of typical Disney Magic where there's a lot of technology in it but you don't see any of it or don't even question it," Joseph said. "This thing was mocked up and developed probably four years ago and since then we've been kind of tweaking on and off how it would work and what's in it. And, really to the last minute, we didn't have it fully working to what we all knew it could do until it was on the ship, which is pretty late in our process. "The aquarium is a great example of typical Disney Magic where there's a lot of technology in it but you don't see any of it or don't even question it." Grim Grinning Ghosts Galore While Joseph didn't reveal all the tricks that finally brought the aquarium to the finish line, he and Handke did share how Imagineering made the rest of the parlor feel just as real and believable as the ghost fish are. We spoke previously about the paintings that change before your eyes in the parlor, which are very much in the style of those found in the original Haunted Mansion by Marc Davis, but Imagineering once again went above and beyond to honor the past while paving a new way forward. "What we're really proud of about this paintings is a new technique that we use where you can go right up on top of them, put your face right near it, and it looks and seems like a real painting," Joseph shared. "Just like in a museum, you can go up and see the texture of the art, all the brush strokes, and even the glossiness and the matte finish of the oil paint." This is made even more impressive by the fact that these paintings do change and move, from the captain becoming a skeleton to his bride-to-be showing her true form as that murderous mermaid. However, Imagineering was careful never to go too far and leave what we all expect from the Haunted Mansion behind. In fact, their passion for the attraction is one of the main reasons it feels so authentic. This is perhaps seen best in the mirror behind the bar where we see the hitchhiking ghosts, Madame Leota, and more. One route the team could have taken was to update these characters and use modern-day techniques to bring them to a new audience, but they chose a different path. For the character behind the bar, we elected to go with the original Haunted Mansion animated figures," Joseph said. "So, there's no CGI in that because we wanted it to feel like the original from 1969. Those aren't animated cartoon characters that you can see in a video game, they are very analog looking. So, we took a very high ISO camera with high resolution and filmed a whole bunch of the figures in the Haunted Mansion ride at Disneyland and then amped up the quality and added glow and all that." I know it's cliche to say, but the Haunted Mansion Parlor truly is a love letter to the original attraction and the incredible people who made it into the iconic attraction it is and always will be. To shine a haunted light on that and bring this story to a close, I want to share one final story from Daniel Joseph that just really proves why this is more than just another lounge. "Another character we all loved from the Museum of the Weird was Rolly Crump's Candleman," Joseph said. "Sadly, Rolly passed away during the development of the Haunted Mansion Parlor and we were all saddened by that and the fact he'd never get to see it completed. "So, we knew we wanted to do a bust in there no matter what just like you'd find in the Haunted Mansion, but we then knew the perfect choice was to make it of Rolly. To make it even more special, one of our team members suggested we do Rolly partially as the Candleman and make sure the side of his head that's melting is next to the fireplace. This was a huge honor and another really detailed thought and the authenticity of the design that follows suit with everything else in the Mansion parlor. For more on the Disney Treasure, check out why The Tale of Moana is one of the best shows I've seen on land or sea and why the Plaza de Coco dining experience was one of the most emotional I've had in quite some time. Adam Bankhurst is a writer for IGN. You can follow him on X/Twitter @AdamBankhurst and on TikTok.Unlike scores of people who scrambled for the blockbuster drugs Ozempic and Wegovy to lose weight in recent years, Danielle Griffin had no trouble getting them. The 38-year-old information technology worker from New Mexico had a prescription. Her pharmacy had the drugs in stock. And her health insurance covered all but $25 to $50 of the monthly cost. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.Need some assistance with NYT Strands today? Today's theme — "Start small" — is somewhat vague, but will become clear with a couple of answers on the grid. Below, we've compiled some useful hints for Strands #266, as well as the answers, should it come to that. We'll start off with some clues, before building up to the full answer for Strands #266, so read on if you need a little help. Warning: Spoilers lie ahead for Strands #266. Today's NYT Strands answer — Today's theme and hints The official theme for NYT Strands #266 is... "Start small". And here's an unofficial hint from me: "Words that can fit after the spangram". If you're still in the dark, here are some useful words to give you those valuable clue tokens: Still struggling? The spangram will give you a hint about the connection word. Today, it starts with 'L' and ends with 'E'. Scroll down to find out what it is... It's LITTLE. Today's Strands answers So, what are today's Strands answers for game #266? Drumroll, please... ...and the spangram was LITTLE. Strands #266 “Start small” 🔵💡🔵🟡 🔵🔵🔵🔵 🔵🔵 Hi Stands fans. Today's puzzle is maddeningly vague at first, and I only got my first answer on the board by chance when I accidentally found the word SPOON while hunting for clue words. When it turned blue, I was a bit confused. So... small spoons? What does that even mean? I had to use a clue, which revealed FOOT. I was still baffled, but the two answers I had cleared a route where the spangram might fit, so I followed it backwards and found the word LITTLE. I then realized that this was - somewhat tenuously in my view - words that can sit after LITTLE. And that made things much easier. I quickly got DEVIL, LEAGUE and ROCK to complete the top half of the grid. The bottom half was a bit more fiddly, but the shape of SPOON gave me a nice area to start, and I subsequently found RASCALS in the bottom-right corner. I was then able to get WOMEN diagonally from left to right, which left DIPPER in the corner to complete the puzzle. Yesterday's Strands answers Reading this in a later time zone? You can find the full article on yesterday's Strands answers for game #265 right here .
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SAN DIEGO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Zeta Global Holdings Corp. (NYSE: ZETA) securities between February 27, 2024 and November 13, 2024. Zeta is a marketing technology company. For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Zeta Global Holdings Corp. (ZETA) Failed to Disclose it was Artificially Inflating Financial Results According to the complaint, on November 13, 2024, market research group Culper Research published a report entitled "Zeta Global Holdings Corp (ZETA): Shams, Scams, and Spam.” The report alleged that the “integrity of the Company’s data collection and reported financials” is severely undermined by two factors. First, the report alleged that “Zeta has formed ‘two-way’ contracts with third party consent farms wherein the Company simultaneously acts as both a supplier and a buyer of consumer data,” allowing the Company to “flatter reported revenue growth” and indicating possible “round-tripping” of revenue. Second, the report alleged that Zeta’s collects the majority of its customer data from a network of “sham websites that hoodwink millions of consumers each month into handing their data over to Zeta under false pretenses.” For example, the report alleged the Company and its subsidiaries operate a number of fake job boards which are designed to trick individuals into submitting personal data under the pretense of job applications. The report further alleged that the Company’s “most valuable data” comes from these predatory websites, dubbed consent farms, which are “responsible for almost the entirety of the Company’s growth.” On this news, the Company’s stock price fell $10.46, or 37.07%, to close at $17.76 per share on November 13, 2024. Plaintiff alleges that during the class period, defendants failed to disclose that: (1) Zeta used two-way contracts to artificially inflate financial results; (2) Zeta engaged in round trip transactions to artificially inflate financial results; (3) Zeta utilized predatory consent farms to collect user data; and (4) that these consent farms have driven almost the entirety of Zeta’s growth. What Now: You may be eligible to participate in the class action against Zeta Global Holdings Corp. Shareholders who want to serve as lead plaintiff for the class must submit their application to the court by January 21, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here . All representation is on a contingency fee basis. Shareholders pay no fees or expenses. About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders. To be notified if a class action against Zeta Global Holdings Corp. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. Attorney Advertising. Past results do not guarantee a similar outcome. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9e62a12-06db-424e-a9a1-12ca4ed447d5What just happened? Qualcomm has emerged victorious in a high-stakes trial against Arm Holdings over a disputed chip technology license. The case, which unfolded in federal court in Delaware, centered on Qualcomm's $1.4 billion acquisition of startup Nuvia in 2021 and the subsequent use of Arm's chip architecture. Friday's jury's verdict found that Qualcomm did not violate the terms of its agreement with Arm when incorporating the acquired technology into its chips without paying a higher licensing rate. This decision has significant implications as Arm's chip designs and instruction sets are fundamental to many of the world's largest tech companies. However, Qualcomm did not win on all counts. While the jury concluded that Qualcomm had not breached the licensing terms, they could not reach a consensus on whether Nuvia, the acquired startup, had violated its license agreement with Arm. Federal Judge Maryellen Noreika indicated that lawyers could have this unresolved issue retried later. Qualcomm hailed the verdict as a vindication of its right to innovate, stating that the jury had affirmed that the company's contract with Arm protects all Qualcomm products listed in the case. The decision allows Qualcomm to continue selling chips that incorporate Nuvia's technology, which is crucial for its expansion into the AI market, as it aims to develop laptop chips capable of handling advanced tasks such as chatbots and image generators. Qualcomm is looking to compete directly with other tech giants like Nvidia, AMD, and MediaTek, which are also planning to produce Arm-based processors for similar applications. At the heart of the legal battle was a disagreement over royalty rates. Nuvia had initially agreed to pay higher rates for Arm's technology than Qualcomm. When Qualcomm acquired Nuvia, it integrated the startup's technology into chips under its lower-rate license agreement with Arm. This move prompted Arm to claim that Qualcomm was required to renegotiate its Nuvia agreement post-acquisition. While Qualcomm celebrates its victory, Arm said it intends to seek a retrial. There is still the unresolved issue of the transferability of chip design licenses during acquisitions, a common occurrence in the fast-paced semiconductor industry. A retrial could further clarify the boundaries of licensing agreements and their applicability when companies are acquired, potentially setting important precedents for future deals in the industry. However, until that happens, companies that develop and use Arm-based technologies will have to tread carefully.
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BERLIN (AP) — Harry Kane scored a hat trick including two penalties for Bayern Munich to beat Augsburg 3-0 in the Bundesliga on Friday. The win stretched Bayern’s lead to eight points ahead of the rest of the 11th round, and Kane took his goals tally to a league-leading 14. The England forward is the fastest player to reach 50 goals in the Bundesliga in what was his 43rd game. However, coach Vincent Kompany should be concerned by his team’s ongoing difficulty of scoring in matches it dominates. Bayern previously defeated St. Pauli and Benfica only 1-0. Kompany’s team had to wait until stoppage time before Kane sealed the result with his second penalty. Two minutes later, Kane scored with a header after controlling Leon Goretzka’s cross with his first touch for a flattering scoreline. “We had to be patient,” Kane said. “And at halftime that’s what we said, to keep doing what we’re doing. We had a few chances in the first half and we just had to be a bit more clinical and obviously, thankfully, we got the penalty to kind of open the game up.” Mads Pedersen was penalized for handball following a VAR review and Kane duly broke the deadlock in the 63rd. Bayern continued as before with 80% possession, but had to wait for Keven Schlotterbeck to be penalized through VAR for a foul on Kane. Kane sealed the result in the third minute of stoppage time and there was still time for him to grab another. It’s Bayern’s seventh consecutive win without conceding a goal since it conceded four at Barcelona (4-1) on Oct. 23 in the Champions League. “You can see now that we have a solid defense and that’s the basis, also in games like today’s,” Bayern midfielder Joshua Kimmich said. “When it’s a game of patience, then it’s important for us to know that sometimes one goal will have to do. Like today we added two more before the finish, but in the end you only need to score one more than the opponent.” Bayern next hosts Paris Saint-Germain in the Champions League on Tuesday, then Borussia Dortmund away in the Bundesliga next weekend, before defending champion Bayer Leverkusen visits in the third round of the German Cup. ___ AP soccer:Trump asks Supreme Court to pause law that could ban TikTok
Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping streetBusiness Don't miss out on the headlines from Business. Followed categories will be added to My News. The market operator has not ruled out further delays on the 2026 start date for its CHESS program , as costs blow out further. ASX Ltd said on Tuesday that it expects its CHESS Release 2 implementation to start in 2029 and estimates that it will cost between $270m and $320m. ASX “continues to work towards” a 2026 delivery of Release 1, with estimated project costs now expected to be at the “upper end of the previously communicated range of between $105m to $125m.” It means the cost for Release 1 has blown out by up to $10m versus the midpoint of the expected range. ASX shares fell 4 per cent to a three-day low of $66.42 on the news. In a conference call for investors and analysts, ASX chief executive Helen Lofthouse said the revision in the cost guidance to the upper end of the previously communicated range was linked to Cloud and Data platforms. ASX CEO Helen Lofthouse. Picture: Max Mason-Hubers “And probably the most material change is that’s driven the cost for the higher end of the month has really been getting more clarity around the Cloud and Data platform and the building costs for that,” Ms Lofthouse said. “And in particular, you know, we’ve very consciously designed the configuration there for a very high resilience decision availability.” Existing capital expenditure guidance was unchanged and includes allowances for both releases of the CHESS system, noting that expenditure for Release 2 will extend beyond the guidance period. Capex guidance for fiscal 2025 to 2027 is for a range of $160m to $180m per year, with “an aim that CAPEX starts to reduce after FY27”. “As our CAPEX is primarily to support the technology modernisation program, which includes the replacement of CHESS, inherent delivery risks in the program – including timing, scope and stakeholder dependencies – may impact this guidance,” ASX warned. It plans to use the full $70m of the CHESS Replacement Partnership Program, subject to other considerations, with the remaining $37m to be recognised in FY26 and FY28 as significant items. ASX said it also continues to consult and work with the industry to consider whether to adopt a shorter T+1 settlement cycle. “If there is to be a move to a shorter settlement cycle, ASX has received initial industry feedback that it should follow the implementation of the CHESS project,” the exchange operator said. It comes amid rising angst about the repeated delays and cost increases that ASX has faced while attempting to replace its ageing CHESS technology system. ASX has said it will vehemently defend a landmark legal action brought against it by the corporate regulator, denying it contravened the law or made misleading or deceptive statements relating to the bungled CHESS upgrade. In a statement earlier this month, the exchange operator noted it had filed a concise statement in response to the Australian Securities and Investments Commission’s Federal Court case against it. The ASX said it denied that statements made by the company on February 10, 2022, about the status of the CHESS technology upgrade, broke the law. ASIC kicked off the legal case against the ASX in August, alleging a “collective failure” by the company’s board and executives to keep investors, the public and stakeholders properly informed on the CHESS replacement project. ASIC claims statements made by the exchange operator in February 2022 were “misleading and deceptive” around how its CHESS technology upgrade project was tracking. The maximum penalty for the alleged contraventions of the ASIC Act is $555m. More Coverage Bonuses back as ASX acts like nothing has happened Eric Johnston ASX cops first strike over pay report at testy AGM David Ross Originally published as ASX’s CHESS program costs blow out further Join the conversation Add your comment to this story To join the conversation, please log in. Don't have an account? Register Join the conversation, you are commenting as Logout More related stories Business Trump’s rise could spoil BHP’s run at Anglo As restrictions on BHP making another mega-approach to Anglo’s board lift in coming days, this time the Australian miner could be racing against another clock. Read more Business Architecture’s leaders failing the industry, ex-Rob Mills staff say Former staff who worked at an award-winning architectural firm have sounded the alarm about the sector’s governance as bullying complaints pile up. Read more
BETHESDA, Md.--(BUSINESS WIRE)--Nov 25, 2024-- Walker & Dunlop, Inc. announced today that it arranged $148.5 million in loan proceeds to refinance Admirals Row, a 696,000 square foot, eight acre mixed-use property developed by Steiner NYC in the revitalized Brooklyn Navy Yard. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241125932961/en/ Admirals Row (Photo: Steiner Studios) The Walker & Dunlop New York Capital Markets team, led by Jonathan Schwartz , Aaron Appel , Keith Kurland , Adam Schwartz , Michael Diaz, and William Herring, represented and acted as an exclusive advisor to Steiner. They identified Deutsche Bank as the bridge loan lender to refinance the existing debt. Admirals Row, located at the confluence of Flushing Avenue, Navy Street, and Sands Street, includes the first Wegmans supermarket in New York City, over 350,000 square feet of light industrial and creative manufacturing space master-leased to the Brooklyn Navy Yard Development Corporation, additional retail space, a community facility, and surface and structured parking totaling over 700 spaces. The Brooklyn Navy Yard is home to over 450 businesses employing more than 12,000 people and generating over $2 billion annually in economic impact for the city. It sits just one block from the Brooklyn-Queens Expressway, is within two blocks of the Manhattan Bridge and Brooklyn Bridge, and is steps from the red-hot neighborhood of DUMBO. "The ongoing redevelopment of the historic Brooklyn Navy Yard, particularly with the construction of Admirals Row, has brought thousands of new jobs and services to the community," said Doug Steiner, chairman of Steiner NYC, LLC. "This project exemplifies an outstanding urban model for mixed-use development, and we are pleased to have collaborated with Walker & Dunlop to secure very favorable refinancing in a difficult market." "The Brooklyn Navy Yard has long been the economic heart of Brooklyn. We commend Steiner for their exceptional sponsorship and unwavering commitment to the development of this vital area," said Jonathan Schwartz, senior managing director and co-head of New York Capital Markets at Walker & Dunlop. "Their ownership and operation of Steiner Studios in the Brooklyn Navy Yard further highlights their dedication to fostering growth and innovation in the community." Steiner traces its roots to 1907. Notable projects include: Steiner Studios, New York's only Hollywood-style film and television production facility, consisting of 900,000 square feet of soundstages and support space on 50 acres in the Brooklyn Navy Yard; "Hub," a best-in-class, 55-story, 750-rental unit building in Boerum Hill, Brooklyn; and "Steiner East Village," an 82-unit luxury condominium project that was the best-selling building in Manhattan upon completion. In 2023, Walker & Dunlop’s Capital Markets group sourced capital for transactions totaling nearly $12 billion from non-Agency capital providers. This vast experience has made them a top adviser on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website . About Walker & Dunlop Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States. Our ideas and capital create communities where people live, work, shop, and play. The diversity of our people, breadth of our brand and technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry. View source version on businesswire.com : https://www.businesswire.com/news/home/20241125932961/en/ CONTACT: Investors: Kelsey Duffey Investor Relations Phone301.202.3207 investorrelations@walkeranddunlop.comMedia : Nina H. von Waldegg VP, Public Relations Phone301.564.3291 info@walkeranddunlop.com KEYWORD: NEW YORK MARYLAND UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE FINANCE CONSTRUCTION & PROPERTY CONSULTING REIT SOURCE: Walker & Dunlop, Inc. Copyright Business Wire 2024. PUB: 11/25/2024 06:00 PM/DISC: 11/25/2024 06:02 PM http://www.businesswire.com/news/home/20241125932961/en
Asana stock price has suffered a harsh reversal in the past few days as investors fade the December 5 earnings surge. ASAN shares retreated to $21.65, down by over 22% from the highest point this month. Is this SaaS stock a good one to invest in? Advertisement Asana’s is a leader in its business Asana is a technology company offering thousands of companies solutions. Some of its top clients include Danone, Spotify, and Gannett. Advertisement According to Gartner, Asana is one of the industry leaders. Its top competitors include Smartsheet, Wrike, Monday, Airtable, Atlassian, and ClickUp. The collaboration industry has grown in the past few years as more companies have embraced remote work and technology. This means that the industry has a large total addressable market and strong competition. Asana’s business has grown well in the past few years, with revenue jumping from over $142 million in 2019 to over $706 million in the trailing twelve months. This growth happened as the number of core clients spending $5,000 a year rose to 23,609. Asana benefits from having thousands of customers and often experiencing low churn, meaning that its clients rarely move to competitors. The most recent results showed that its retention rate was about 98%, higher than most companies. The challenge, however, is that Asana’s business is slowing as competition rises. Signing up new large customers is also becoming difficult because they already have their providers. Asana’s slow growth and AI hopes Recent results showed that Asana’s revenue rose by 10% to $183 million. Analysts expect that Asana’s fourth-quarter revenues will come in at $188 million, up by about 9.9% from last year. This growth will bring its total annual revenue to $723 million, up by 10.8% from a year earlier. Asana’s revenue will then rise by in the next financial year. Its real numbers will likely be better than estimates because it has a long history of beating the consensus. Asana hopes that its AI solutions will help to supercharge its business trajectory. It has built AI Studio and Smart Workflows that are helping customers boost their productivity. Profitability has been another challenge as the company has continued to lose money in the past few years. Its cumulative net loss in the last five financial years stood at about $1 billion. Fortunately, it is now reducing its losses, with its Q3 loss at $60 million. Analysts see Asana’s loss per share narrowing from 14 cents this year to just 0.01 cents next year. There are concerns about Asana’s valuation. It has a market cap of over $4 billion and a rule of 40 metric of just 8%. This figure is calculated by adding the company’s profit margin and growth metric, and it is a sign that it prioritizes growth over profits. Read more: Asana stock price forecast A closer look at Asana’s weekly chart shows that it closely resembles most altcoins. It formed a double-bottom chart pattern at $11.33 and a neckline at $26. A double-bottom pattern often leads to a strong bullish breakout. Therefore, while Asana stock is highly overvalued, it will likely stage a strong comeback soon, especially if it continues to report strong results. If this happens, the next point to watch in 2025 will be the 38.2% Fibonacci Retracement level at $62.37, which is about 195% above the current level.Canada's Trudeau condemns violent protests as NATO meets in MontrealGuglielmo Vicario: Tottenham goalkeeper reveals he played 60 minutes with broken ankle against Man CityGov. Shapiro is part of a rising group of Democrats proudly showing their faith
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