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1150 days ago

EA set to buy Glu Mobile for $2.4B

Electronic Arts Inc. said Monday it is acquiring Glu Mobile Inc. in a $2.4 billion deal aimed at expanding an area of business in which the videogame giant has had mixed success. The all-cash deal, which is expected to close in the June-ended quarter, will bring Glu’s mobile games such as “Kim Kardashian: Hollywood,” “Diner Dash” and “MLB Tap Sports Baseball” to EA. Glu shareholders will receive $12.50 a share, representing a 36% premium to Glu’s closing price Friday, EA said. Glu shares rose 34% to $12.56 in extended trading Monday. - WSJ

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1150 days ago

Stock tickers from #dailydiscussion on Reddit WallStreetBets (9/2/21)

Reddit and r/wallstreet bets user u/Turtlesaur says:

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Stock tickers from #dailydiscussion on Reddit WallStreetBets (9/2/21)

1150 days ago

Airbnb's market cap is larger than Hyatt, Hilton, and Marriott put together

Having since grown to $117.7 billion, Airbnb’s market capitalization makes it more valuable than many top hotel chains combined. Marriott, Hyatt and Hilton’s combined market capitalization is roughly $40 billion shy of Airbnb’s, despite their higher revenue.-WSJ

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1150 days ago

Semiconductor book-to-bill ratio suggests chip demand rolling over

The semiconductor book-to-bill is a ratio of three-month moving averages of worldwide bookings and billings for North American-based semiconductor equipment manufacturers. It's widely used as a leading indicator of demand trends within the industry.

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Semiconductor book-to-bill ratio suggests chip demand rolling over

1150 days ago

Reddit is a red hot potato right now

Reddit sees strong advertisement revenue this year with a rise of 90% from last quarter. Reddit sees 50 million daily active users and time to raise funds is right in their opinion with the company recently raising more than $250 million pushing their valuation to double from $3 to $6 billion. Source: Bloomberg

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