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yngwin111

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12-06

$Senseonics(SENS)$ u got chance to fly again?

12-06

$Senseonics(SENS)$

11-25

Unity will flying high soon

Unity's Potential Turnaround, Will It Pull It Off?

10-01

$Mullen Automotive(MULN)$ CEO play jokers Today 😃

09-30

$Mullen Automotive(MULN)$ Going to be $1 soon scram

09-27

Scam co

Mullen Automotive Gets $3.2 Million Vehicle Order from Pape Truck

08-13

$Mullen Automotive(MULN)$

08-13

$Mullen Automotive(MULN)$ Going bankrupt?

08-13

$Mullen Automotive(MULN)$ going bankrupt?

2023-10-19

Going bankrupt

Mullen Automotive to hold special shareholder meeting Dec. 15 to vote on proposed reverse stock split

2023-10-10

Yes lousy ceo ! Step down n price up👍

Unity Jumps 4% After CEO Steps Down

2023-09-18

$Unity Software Inc.(U)$ Yes

2023-09-14

Profit will increase too

Unity Takes a Big Risk to Boost Growth and Profit

2023-07-28

$Mullen Automotive(MULN)$ Every day drop drop drop , lousy management!

2023-07-12

$Unity Software Inc.(U)$ Buy more , going $50 n $80

2023-06-27

$Unity Software Inc.(U)$ U will shoot above $50👍💪💪💪

2023-06-15

Oh any bankrupt company!

MULN Stock Alert: Mullen Automotive Adds 297 Million Shares in a Day

2023-06-14

Why every day drop drop till zero

MULN Stock Alert: Mullen Announces Phenix Truck Deal

2023-05-04

$Mullen Automotive(MULN)$

2023-05-04

Bad news

Press Release: Mullen Automotive Inc. Announces 1-for 25 Reverse Stock Split effective May 4, 2023

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$&nbsp;</a> u got chance to fly&nbsp; again?","listText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$&nbsp;</a> u got chance to fly&nbsp; again?","text":"$Senseonics(SENS)$ u got chance to fly again?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378770655506680","isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378359042568480,"gmtCreate":1733415592470,"gmtModify":1733415595119,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;","text":"$Senseonics(SENS)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/378359042568480","isVote":1,"tweetType":1,"viewCount":2,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374862684139776,"gmtCreate":1732545327918,"gmtModify":1732545332090,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Unity will flying high soon","listText":"Unity will flying high soon","text":"Unity will flying high soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374862684139776","repostId":"2486477187","repostType":2,"repost":{"id":"2486477187","kind":"highlight","pubTimestamp":1732517531,"share":"https://ttm.financial/m/news/2486477187?lang=&edition=fundamental","pubTime":"2024-11-25 14:52","market":"hk","language":"en","title":"Unity's Potential Turnaround, Will It Pull It Off?","url":"https://stock-news.laohu8.com/highlight/detail?id=2486477187","media":"seekingalpha","summary":"Unity Software is recommended as a speculative investment despite its past missteps, with new leadership aiming to revitalize the company and its offerings.The company's \"Grow\" segment, which focuses on in-game advertising, has faced significant challenges but is undergoing a fundamental rebuild to enhance ROAS.Unity's \"Create\" business has launched Unity 6 with substantial improvements and repealed unpopular runtime fees, aiming to regain developer trust and market share.The potential for Unity to emulate AppLovin's success in the in-game advertising space presents a compelling turnaround opportunity with significant upside if successful.   Kobus Louw/E+ via Getty Images  Can Unity pull off a comeback after blowing some significant opportunities?Turnarounds are not the most popular of recommendations-particularly in the IT space. I doubt if their success ratio reaches 50%. They sound good in the","content":"<html><head></head><body><ul style=\"\"><li><p>Unity Software is recommended as a speculative investment despite its past missteps, with new leadership aiming to revitalize the company and its offerings.</p></li><li><p>The company&#39;s &#34;Grow&#34; segment, which focuses on in-game advertising, has faced significant challenges but is undergoing a fundamental rebuild to enhance ROAS.</p></li><li><p>Unity&#39;s &#34;Create&#34; business has launched Unity 6 with substantial improvements and repealed unpopular runtime fees, aiming to regain developer trust and market share.</p></li><li><p>The potential for Unity to emulate AppLovin&#39;s success in the in-game advertising space presents a compelling turnaround opportunity with significant upside if successful.</p></li></ul><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9aab87d96396829e18d4c3217e944476\" tg-width=\"750\" tg-height=\"396\"/></p><p></p><h2 id=\"id_3265277554\">Can Unity pull off a comeback after blowing some significant opportunities?</h2><p style=\"text-align: left;\">Turnarounds are not the most popular of recommendations-particularly in the IT space. I doubt if their success ratio reaches 50%. They sound good in the reading, but then something emerges from the woodwork, and they simply do not work out. That said, there have been some significant exceptions, and indeed AppLovin (APP), perhaps the most successful stock IT stock in 2024 is a significant example. And yet here I am, recommending Unity Software (NYSE:U) as an investment, or least a speculation.</p><p style=\"text-align: left;\">Unity shares have fallen by more than 17% in the last year, and they are down almost 50% in the last two years. Rally attempts have been feeble and met by selling. The shares are up by about 64% since their absolute nadir of $13.93, their closing price on 8/8/24. But after a positive earnings report in early November that drove the shares to as high as $22.86, they have fallen back by 22% before a very recent back to the post earnings report level.</p><p style=\"text-align: left;\">There are plenty of investors who won’t touch these shares and choose to exit the shares whenever an opportunity arises.</p><p style=\"text-align: left;\">The former CEO and his team made several major missteps that have brought this company, once a titan in terms of its technology in the gaming space, to a low ebb. First, the company’s ad monetization engine ran into significant technology issues on his watch. That was followed by a misbegotten and poorly executed merger with in-game advertising leader, ironSource. And finally, in an attempt to boost short-term revenue, the company, instituted a change to the pricing of its game creation software that infuriated game developers and has just recently been rescinded.</p><p style=\"text-align: left;\">As might be expected, the CEO whose miscues brought the company low, John Riccitiello, is gone now. He “retired” a bit more than a year ago. After a transitional CEO, Jim Whitehurst, who came from Silver Lake Partners, still a major investor in Unity with an 8.7% ownership stake, a new permanent CEO has been hired. Matt Bromberg started with the company in Mid-May. He had previously been the COO of Zynga, before its acquisition by Take-Two (TTWO) and previously had held leadership positions at Electronic Arts (EA). By October, Bromberg had brought in Steve Collins, a very well-known and respected game developer, as the Chief Technology Officer. In addition, a new CFO, Jarrod Yahes has been hired. He comes to the company from Shutterstock (SSTK), a company that provides a subscription service and à la carte access to stock photos that are used by a variety of customers in different industries, including the digital advertising space.</p><p style=\"text-align: left;\">All of that said, why look at Unity now at this price and this time. In the last several months, shares of AppLovin have taken off. I last recommended AppLovin shares on SA on July 5, 2024. In the last 4 months +, it has had a strong run-it has risen a bit over 280% in that span.</p><p style=\"text-align: left;\">Many subscribers have been wondering if there is another AppLovin out in cyber land. No doubt, AppLovin is going to be one of the best stocks to have owned in 2024. The shares are up no less than 653% YTD-that’s more than twice the percentage gain of Palantir (PLTR), no slouch in appreciation but trailing APP shares as the best performing IT stock in 2024. At this point, it seems like every institution that can justify owning APP shares wants to pile into the equity, which most recently has seen its RSI reach exorbitant levels.</p><p style=\"text-align: left;\">At this point, while the shares are a reasonable investment in terms of looking at the longer-term potential, the spectacular opportunity that they presented when they first introduced their version of AI, Axon 2.0 has been narrowed by the rapid appreciation of the shares.</p><p style=\"text-align: left;\">The recent success of AppLovin has been more or less entirely a factor of the success of Axon 2.0. For those unfamiliar with that product, it is an AI-powered engine whose predictive capabilities are based on machine learning that significantly improves the targeting accuracy of in-game ads. This has substantially increased the return on advertising spend (ROAS) for users and as their campaigns, based on Axon 2.0 produce positive results, they have continued to increase their Axon 2.0 investment. There is a significant virtuous cycle impact here-the greater the use of Axon 2.0, the more data is collected. More data improves the accuracy of predictions, raising the ROAS for customers, and they increase their spend on Axon 2.0. That is why AppLovin has been able to achieve such startling growth combined with extraordinary margins.</p><p style=\"text-align: left;\">Unity began its life offering a set of software tools to create sophisticated games. It was a pioneer in providing game creators with the tools they needed to create 3D games, and that was the focus of the company. It held a successful IPO in a bit more than 4 years ago. A logical evolution was the development of a set of what are called mediation tools which the game developers could use to monetize their creations.</p><p style=\"text-align: left;\">This was the foundation of Unity’s own in-game advertising product-the segment of its business that it calls “Grow.” Initially, Grow was very successful and was a leading vendor in the space, leveraging its position with Unity’s community of game creators. For a time, it was market leading and growing more rapidly than AppLovin.</p><p style=\"text-align: left;\">At the start of 2022, the efficacy of Grow’s algorithms saw an unexpected decline. It turned out that some of its algorithms had been corrupted and were not forecasting properly. In addition, the company discovered an error in its data collection technology which also crippled the efficacy of the solution. Needless to say this led to a decline in Grow revenues.</p><p style=\"text-align: left;\">In the summer of that year, Unity announced its intention to acquire an Israeli-based company called ironSource. ironSource probably had the industry-leading market share of the in-game advertising space at that time and had been growing rapidly. The merger process was attended with some drama as AppLovin, at that point, tried to merge with Unity on condition that Unity abandon its transaction to acquire ironSource.</p><p style=\"text-align: left;\">Ultimately, the AppLovin proposal was rejected and in November 2022, Unity acquired ironSource. The merger did not go well. There was a botched integration of ironSource into Unity Ads. Then the ironSource senior managers all departed Unity. Subsequently, there may have been an effort by ironSource middle managers to bully Unity staffers into resigning. ironSource and AppLovin had been existential competitors. That meant that the ironSource style was far more aggressive and clashed with Unity’s culture. I have linked here to an article that purports to provide an insight into the problems at the Unity Grow division. It is not pretty reading, and one has to be careful to try to disentangle the wheat from the chaff: fired or bullied employees are often less than objective in their evaluation. Many of the bullied or fired employees were ones who had apparently let the Unity mediation technology get stale and uncompetitive.</p><h2 id=\"id_1200816544\" style=\"text-align: left;\">Where is Unity Grow at this point?</h2><p style=\"text-align: left;\">Unity is a tale of two businesses. I have started this article looking at Grow-both because it is larger but also because it is the segment that competes with AppLovin and which perhaps has the potential to achieve some of the success that AppLovin has had with Axon 2.0.</p><p style=\"text-align: left;\">Unity Growth is actually the larger of the two revenue streams at Unity today. Last quarter its revenues were $298 million, down 5% year over year, but up by 1% sequentially Overall, Grow was 69% of total revenues. Obviously, at least some of the critique in the linked article above is a significant exaggeration, given that sequential revenues actually grew, albeit modestly. Just how much of the article represents the state of affairs within Unity Grow is difficult for me to determine as an outsider. Cultural clashes are never pretty, but are often necessary. A new management was never going to permit Grow to remain stuck in neutral.</p><p style=\"text-align: left;\">Grow revenues reached $253 million in Q4-2022. In the immediate wake of the purchase of ironSource, Grow revenues were $344 million. Overall, Grow revenues have declined about 26% over the last two years. Over the same span, AppLovin software platform revenues have risen from $306 million to $835 million, essentially a function of the performance of the Axon platform in creating superior ROAS for customers.</p><p style=\"text-align: left;\">Unity has a somewhat different vision of its go-to-market strategy for Grow when compared to AppLovin.</p><blockquote><p>Finally, we talked last quarter about embarking on a fundamental rebuild of our machine learning stack and data infrastructure designed to enhance the return on investment we’re able to deliver to our advertising customers. We’re happy to report great progress on that work, which is already in testing on live data. We’re very encouraged by the early results we’re seeing. We believe that our new data platform will not only drive performance improvements in user acquisition and monetization, but also surface insights critical to game production and live service management, where understanding consumer behavior is core to being able to build and operate great games. These investments are core to our vision of a unified platform that can deliver for our customers across the full lifecycle of game development.</p></blockquote><p style=\"text-align: left;\">This strategy comes from the playbook that has marked Unity’s vision in this space almost from the start of it creating its Grow business. As can be seen from the above quote from the company’s most recent shareholder letter, Unity sees in-game advertising as an integral component of …well, a unified strategy that goes from game creation to monetization.</p><blockquote><p>We&#39;re the only company in the world capable of providing a platform to power the entire development cycle from prototyping through live service management to user acquisition and monetization.</p></blockquote><p style=\"text-align: left;\">That is quite different from what AppLovin is currently doing; while it still has games that it has created, it does not offer game creation tools and its gaming business is a cash cow, and not really a part of its go-forward strategy.</p><p style=\"text-align: left;\">According to the company, despite the revenue decline of the Grow business, Unity’s customer base has not migrated to other in-game advertising solutions. What has happened, at least according to the management, is that because of the relative lower level of ROAS from the existing Unity platform, its users have moderated their spending for the in-game ads available on that platform, but haven’t deserted as customers either. I really have no way of validating the assertion.</p><p style=\"text-align: left;\">Like most anything else in the gestation process, evaluating the probability of success for is more of a guess than anything else. It has just been 15 months since Axon 2.0 was launched. At the time of the launch, some analysts were skeptics. I am linking here to an article which highlights some of the skepticism at that time.</p><p style=\"text-align: left;\">This is not intended to deprecate the skills of the mentioned analysts. As it happens, the Benchmark analyst mentioned in the article still has a sell rating on APP shares. The fact is, that when a product such as this is launched, many analysts will be skeptical and others will be more optimistic, and there simply will not be enough information to make much more than a guess.</p><p style=\"text-align: left;\">At the end of the day, it is all about efficacy. The buyers of ads are looking for quantifiable results. If the results are there, then there is a high probability that users will increase their investments on ad spending through the platform. I think management is very well aware of this. For the most part, developing this is a tedious and iterative process, but one that technology has made very doable over time.</p><p style=\"text-align: left;\">Management has made the assertion that because it offers both creation and monetization tools, it is in a position to offer unique insights.</p><blockquote><p>And as I said again, in in the opening statements, we think we are in a unique spot with respect to being the only company we believe in the world, that can sit as a platform through the entire lifecycle of development, from prototyping through to operating live service, and into monetization and advertising in UA. And those insights that we glean from being a platform, we can share those with our customers, and fundamentally offer insights that we think over time that no one else can. And to your point, we&#39;ve got work, to do that. But we know what the work is and its work that&#39;s doable. And we&#39;re excited about it. And we&#39;re seeing, we&#39;re seeing, and feeling the wind at our back from, from the perspective of Unity how customers are responding, and some of the early results of the investments we&#39;re making. So this is an -- it&#39;s a business that we really couldn&#39;t be more excited to be in.</p></blockquote><p style=\"text-align: left;\">It seems like a reasonable assertion, but again, at this point, it is difficult to validate. The CEO talked about the fact that game monetization is not necessarily a winner-take-all market.</p><blockquote><p>Game monetization will not be a winner to take all market. I can tell you for certain from personal experience that customers don&#39;t desire that outcome.</p></blockquote><p style=\"text-align: left;\">I think that is highly likely.</p><p style=\"text-align: left;\">The company hopes to replace its old solutions by the end of calendar Q1 or in Q2. Is a buy recommendation premature here? The opportunity to emulate some, if not all of AppLovin’s explosive growth probably will not start until the summer of next year. While I am a long-term investor, I recognize that not all readers will want to wait on that long to see any validation of a thesis. But, as it turns out, that is not necessary. The company’s other business, Create, has had some new initiatives and those initiatives have the potential to move the CAGR needle in the immediate future.</p><h2 id=\"id_753298061\" style=\"text-align: left;\">Unity’s Create business: There’s a lot new, including a 6.0 release, a pricing change, and the issue of using AI as a game development tool.</h2><p style=\"text-align: left;\">Unity’s Create Solutions revenue last quarter was $132 million, up 5% year-on-year and 2% sequentially. At this point, Create is 31% of Unity&#39;s total revenues.</p><p style=\"text-align: left;\">Unity 6 was announced for general availability last month. It should be noted that the company’s new CEO, Matt Bromberg, is an erstwhile game developer/game entrepreneur, and is apparently intimately familiar with the specifics of what features and functions creators need and crave. Some of the features will be familiar to developers and only developers. Others are universally understood. One of those is performance enhancements based on optimizations. Another is something called a GPU Resident Drawer. Overall, the company has cited a more than 2X improvement in the performance of its new offering. There are many other new features which probably resonate more with game developers than anyone else and are of less interest to many investors.</p><p style=\"text-align: left;\">At least as important as the new product itself was the repeal of run time fees. It was about a year ago when the company announced a significant pricing change by instituting runtime fee for the development of new games. This was enormously unpopular with many users and had crippled Unity’s ability to grow. It led to market share losses and immense customer dissatisfaction.</p><blockquote><p></p><p>So if you didn&#39;t want to pay the new prices, all you have to do is not upgrade. That obviously was not a great dynamic from our perspective. So in addition to the sort of relationship elements and changing fundamentally how we&#39;re talking to customers, there was also a really enormous practical impact in which, for example, at our Unite conference in Barcelona, where literally, 50 customers came up and said, hey I had said I told everybody internally no upgrade in Unity 6 and now that we&#39;ve -- you&#39;ve repealed it and you reverted to the subscription, we&#39;re a green light.</p><p>So those dynamics change real radically.</p><p>While the company did eliminate run time fees, it has instituted price increases. Typically, these increases play out over some time and they should be a significant tailwind over the course of 2025.</p></blockquote><p style=\"text-align: left;\">Another investment issue regarding Unity’s Create business has been that of genAI. Simply put, the question has been if the use of genAI can eliminate or reduce the need to use Unity, or any other set of tools, to create modern games. It is a more complex question than might be imagined. AI has been used for some time now as a part of the overall game creation process. It makes the process more efficient and speeds up the time to deliver a new game. The new CEO provided some insights into his perspectives on the issue: not terribly surprisingly it was anodyne and generic. Most likely the process of integrating genAI into the game creation process will be more incremental than existential.</p><p style=\"text-align: left;\">The CAGR estimates for game creation software overall range between 5% and 11% depending on which analysis is used. For many years, prior to the recent upsets, Unity Create had a CAGR many times that level because of its technology. The guidance this company provided on its latest call was sparse, both because of caution surrounding the cadence of a turnaround, and also because the CFO is interim, and will soon revert to a different role. Further, headline numbers still reflect the impact of Unity’s exit from non-core businesses.</p><p style=\"text-align: left;\">Revenues last quarter from the company’s core business components were $429 million. That compares to the prior forecast of $415-$420 million. The company increased full-year guidance by more than $50 million at the mid-point, suggesting some growth acceleration in its Create business in Q4. Understandably, in the midst of what is an existential product transition, it is not expecting Q4 will see any growth in its Grow business segment. Current published expectations for this current quarter are for revenues of $433 million. Published expectations for 2025 are for revenue growth of just 2%. After all that has gone on at Unity over the past couple of years, forecasts should and do err on the side of extreme caution. There are more than a few unknowns that need to be considered and evaluated in establishing forecasts for this company at this time.</p><p style=\"text-align: left;\">My own estimate for 2025 revenue is $1.92 billion, compared to the published consensus of $1.82 billion. It all depends on just how successful the turnaround is, and particularly if the Grow segment of the business can …well, start to grow itself when its new technology replaces the current flawed version being offered.</p><h2 id=\"id_4251066667\" style=\"text-align: left;\">Unity’s competition</h2><p style=\"text-align: left;\">There are many vendors offering game development software. I have linked here to the Gartner listing of competitors; it isn’t particularly useful. I have also linked to both the Reddit and the Quora threads.</p><p style=\"text-align: left;\">None of the analysis presented here is really relevant. Unity 6 is just now available, and it wasn’t available at the time these threads were compiled. And these threads were compiled prior to Unity rescinding its run time fees. Further, the appointment of a new CEO who has been a game developer and is intimately familiar with that culture and is able to understand and act on developer concerns is a factor that is likely to change the competitive calculus.</p><p style=\"text-align: left;\">Unity has lost a significant amount of user goodwill, although its market share loss, if any, is less clear. It can take time to reestablish favorable vibes in the developer community. I expect with the new products that have been introduced, coupled with a management that is likely to be perceived as developer friendly and concerned, market share gains are likely - although not all at once.</p><p style=\"text-align: left;\">With regard to Unity’s Grow segment, its competitor is AppLovin. If the technology that Unity ultimately brings to market can produce ROAS equal to or greater than that which AppLovin is currently providing its users, it will see substantial growth-far greater than anyone-and that includes this writer-is willing to currently forecast.</p><p style=\"text-align: left;\">I don’t think there is any secret as to what has to be done. As the CEO said on the recent conference call, it is an iterative process. If the integration of game creation and game monetization winds up actually producing a better ROAS, then the opportunity is enormous, and particularly so given the current intense skepticism that Unity will actually become a significant competitor to AppLovin. All things considered, it is one of the better bets available in the enterprise software space, but competing against AppLovin at this point is a high bar-although not really insurmountable.</p><h2 id=\"id_3499104257\" style=\"text-align: left;\">Unity’s Business Model-What it will be is a function of how successful its Grow initiative is.</h2><p style=\"text-align: left;\">Invariably, at this point in writing an article, I like to discuss the details of a company’s business model. That is what I am trained to do. In this case, discussing the details of the latest quarter are really not totally relevant. I am recommending Unity shares because I believe that the company’s efforts to reinvent itself have a reasonable probability of success. In particular, I think that the opportunity it has to become a realistic alternative to AppLovin within the in-game advertising space is significant and as yet under-appreciated. That is relevant because the margins that APP has achieved in that business are so substantial.</p><p style=\"text-align: left;\">Last quarter, AppLovin’s adjusted EBITDA margin in its software platform segment was 79%! The company’s overall free cash flow margin, which includes its margin on the games that it has created and published, was 45%. I do not wish to suggest that Unity will achieve these kinds of margins in the near future. But I present AppLovin’s most recent results simply to show what is possible.</p><p style=\"text-align: left;\">In this most recent quarter, Unity’s adjusted gross margin was 84%. The other cost ratios are elevated as the company will have to scale revenues to support its current infrastructure. Non-GAAP research and development expense was 29% compared to 27% in the year earlier period. Sales and marketing were 24% up by 400 bps year-on-year. Non-GAAP general and administrative expense, declined by 25% in dollars, and that was enough to hold the expense ratio steady at 10%.</p><p style=\"text-align: left;\">Overall, while the GAAP net loss margin was 28%, the company’s adjusted EBITDA margin was positive 21%. The company has been able to remain free cash flow positive. Much of its net loss has to do with its relatively substantial depreciation and amortization provision, which most recently was 24% of revenues. As capex is less than 2% of revenue, and stock-based comp. is 24% of revenues, the company, despite its current state, has been able to achieve free cash flow margin of 27%.</p><p style=\"text-align: left;\">What the business model might look like is entirely a function of how the company’s efforts to undo past errors and to develop an app monetization offering that can produce a strong level of ROAS for users evolves. Unity, like APP, has the potential to be very profitable, but it is all a function of the company’s product initiatives.</p><h2 id=\"id_1307660479\" style=\"text-align: left;\">Risks to the investment thesis.</h2><p style=\"text-align: left;\">This is a turnaround. And inherently, that makes the investment thesis risky. I don’t know the statistics-but my guess is that more turnarounds don’t achieve their full promise than those that do. There really are no secrets about the risks to this thesis.</p><p style=\"text-align: left;\">Unity has to be able to offer an in-game advertising solution that produces a very high ROAS-at least equivalent to what the ROAS has been for AppLovin’s Axon 2.0. Without the ability to offer that, the company will not be able to capture the potential growth is this, its major revenue segment.</p><p style=\"text-align: left;\">The company has rescinded its run-time charge. The issue, of course is, will the developer user community return and choose to upgrade to Unity 6.0. The price/performance advantages are there and so, too, are the functional improvements. But there are lots of customers who have become conspicuously unhappy by the aborted pricing change. Will they return as enthusiastic Unity customers? Will they upgrade? Will they accelerate their game creation efforts on the Unity platform?</p><p style=\"text-align: left;\">The gaming business has been cyclical. It saw exceptional growth during the period of the pandemic, when users reached a high point in terms of their engagement as other forms of recreation were severely circumscribed. Subsequently, as user engagement returned to more normal levels, the growth of the gaming business slowed. The overall environment has shown some improvements, but certainly should macro conditions deteriorate, this would impact Unity-it still has a 70% market share according to analysts for game creation tools.</p><p style=\"text-align: left;\">I think management chose the right individual to turn this around-at least based on his public pronouncements. He says the right things, and he is certainly on a mission to prove his ability to run a large game creation and monetization vendor. But the tasks ahead are non-trivial and require lots of execution and some luck as well. Those are the risks to the thesis.</p><h2 id=\"id_2775871599\" style=\"text-align: left;\">Wrapping up-The case to buy Unity shares now</h2><p style=\"text-align: left;\">The case to buy Unity shares is a bet on its potential turnaround. In particular, the thesis relates to the potential for Unity Grow, which has embarked on a complete revamp of its in-game advertising platform, to mimic some of the success that AppLovin has had with Axon 2.0. Management is well aware of what is needed to launch a successful offering in this space, and it is well along in terms of developing the appropriate technology for users. It is a tedious, iterative process, but it is the only way to ensure that users will get at least the level of ROAS that they are expecting.</p><p style=\"text-align: left;\">In addition, the company has rescinded the toxic run time fees that were misguidedly instituted by the prior CEO. And it has launched a new generation of its gaming engine with substantial price/performance improvements as well as significant improvement in graphics capabilities. The new CEO has a lengthy experience in the gaming industry, both as a developer and as the operator of a good-sized vendor. He seems likely to be able to restore Unity’s reputation in the space.</p><p style=\"text-align: left;\">Because this is a turn-around, precise quantification of the potential is not really possible. Whatever a prudent guess might be, it would be substantially bettered if the strategy works-and if the strategy doesn’t work, the investment won’t be saved by attractive valuation metrics-which, after all, are as much retrospective as prospective. Based on a revenue forecast that in no way reflects the potential for a turnaround, or one that starts to achieve results in 2025, my estimate of the EV/S ratio is a bit greater than 6X. But the reality is that if the turnaround works, that ratio would, perhaps, be 4X on 2026 revenues, and with a free cash flow margin that could easily top 40% as it is currently 24% without any positive impacts from new products.</p><p style=\"text-align: left;\">Over the course of writing this article, over the past week-just a few days really, Unity shares have appreciated 31%. Some of this is apparently a rumor that Microsoft might be interested in making a bid to acquire the company. I, personally, don’t quite see the logic of that transaction and whether I did or not, it would probably receive antitrust objections. I would not recommend Unity shares because of a potential merger-if it were to happen it would be lagniappe, at least for me.</p><p style=\"text-align: left;\">Also, recently, Cathy Wood’s ARK Innovation ETF sold $48 million of Unity shares after the company reported its most recent quarter.</p><p style=\"text-align: left;\">High-growth IT stocks have staged an impressive rally this week. A benchmark ETF, the IGV has rose by nearly 5% Investor seem of a “risk-on mindset. Speculating on the success of Unity’s turnaround is congruent with that mindset. I am not trying to opine here with regard to how investors should allocate portfolio resources to risk-on positions. Some readers will doubtless be concerned about the sharp rally in high-growth IT shares in the few weeks since the election. That is obviously a different subject than what I have tried to write about in this article.</p><p style=\"text-align: left;\">I believe that the risk/rewards of investing in Unity shares are quite compelling and that remains the case after the spike in valuation of the last few days. There is really room for another monetization engine in the in-games advertising space, and my belief is that Unity has a reasonable chance to be that alternative. I think the odds favor Unity shares achieving positive alpha over the next year and beyond.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unity's Potential Turnaround, Will It Pull It Off?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnity's Potential Turnaround, Will It Pull It Off?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-25 14:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4739963-unity-u-stock-potential-turnaround-will-it-pull-it-off><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Unity Software is recommended as a speculative investment despite its past missteps, with new leadership aiming to revitalize the company and its offerings.The company's \"Grow\" segment, which focuses ...</p>\n\n<a href=\"https://seekingalpha.com/article/4739963-unity-u-stock-potential-turnaround-will-it-pull-it-off\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4588":"碎股","BK4023":"应用软件","BK4554":"元宇宙及AR概念","U":"Unity Software Inc."},"source_url":"https://seekingalpha.com/article/4739963-unity-u-stock-potential-turnaround-will-it-pull-it-off","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2486477187","content_text":"Unity Software is recommended as a speculative investment despite its past missteps, with new leadership aiming to revitalize the company and its offerings.The company's \"Grow\" segment, which focuses on in-game advertising, has faced significant challenges but is undergoing a fundamental rebuild to enhance ROAS.Unity's \"Create\" business has launched Unity 6 with substantial improvements and repealed unpopular runtime fees, aiming to regain developer trust and market share.The potential for Unity to emulate AppLovin's success in the in-game advertising space presents a compelling turnaround opportunity with significant upside if successful.Can Unity pull off a comeback after blowing some significant opportunities?Turnarounds are not the most popular of recommendations-particularly in the IT space. I doubt if their success ratio reaches 50%. They sound good in the reading, but then something emerges from the woodwork, and they simply do not work out. That said, there have been some significant exceptions, and indeed AppLovin (APP), perhaps the most successful stock IT stock in 2024 is a significant example. And yet here I am, recommending Unity Software (NYSE:U) as an investment, or least a speculation.Unity shares have fallen by more than 17% in the last year, and they are down almost 50% in the last two years. Rally attempts have been feeble and met by selling. The shares are up by about 64% since their absolute nadir of $13.93, their closing price on 8/8/24. But after a positive earnings report in early November that drove the shares to as high as $22.86, they have fallen back by 22% before a very recent back to the post earnings report level.There are plenty of investors who won’t touch these shares and choose to exit the shares whenever an opportunity arises.The former CEO and his team made several major missteps that have brought this company, once a titan in terms of its technology in the gaming space, to a low ebb. First, the company’s ad monetization engine ran into significant technology issues on his watch. That was followed by a misbegotten and poorly executed merger with in-game advertising leader, ironSource. And finally, in an attempt to boost short-term revenue, the company, instituted a change to the pricing of its game creation software that infuriated game developers and has just recently been rescinded.As might be expected, the CEO whose miscues brought the company low, John Riccitiello, is gone now. He “retired” a bit more than a year ago. After a transitional CEO, Jim Whitehurst, who came from Silver Lake Partners, still a major investor in Unity with an 8.7% ownership stake, a new permanent CEO has been hired. Matt Bromberg started with the company in Mid-May. He had previously been the COO of Zynga, before its acquisition by Take-Two (TTWO) and previously had held leadership positions at Electronic Arts (EA). By October, Bromberg had brought in Steve Collins, a very well-known and respected game developer, as the Chief Technology Officer. In addition, a new CFO, Jarrod Yahes has been hired. He comes to the company from Shutterstock (SSTK), a company that provides a subscription service and à la carte access to stock photos that are used by a variety of customers in different industries, including the digital advertising space.All of that said, why look at Unity now at this price and this time. In the last several months, shares of AppLovin have taken off. I last recommended AppLovin shares on SA on July 5, 2024. In the last 4 months +, it has had a strong run-it has risen a bit over 280% in that span.Many subscribers have been wondering if there is another AppLovin out in cyber land. No doubt, AppLovin is going to be one of the best stocks to have owned in 2024. The shares are up no less than 653% YTD-that’s more than twice the percentage gain of Palantir (PLTR), no slouch in appreciation but trailing APP shares as the best performing IT stock in 2024. At this point, it seems like every institution that can justify owning APP shares wants to pile into the equity, which most recently has seen its RSI reach exorbitant levels.At this point, while the shares are a reasonable investment in terms of looking at the longer-term potential, the spectacular opportunity that they presented when they first introduced their version of AI, Axon 2.0 has been narrowed by the rapid appreciation of the shares.The recent success of AppLovin has been more or less entirely a factor of the success of Axon 2.0. For those unfamiliar with that product, it is an AI-powered engine whose predictive capabilities are based on machine learning that significantly improves the targeting accuracy of in-game ads. This has substantially increased the return on advertising spend (ROAS) for users and as their campaigns, based on Axon 2.0 produce positive results, they have continued to increase their Axon 2.0 investment. There is a significant virtuous cycle impact here-the greater the use of Axon 2.0, the more data is collected. More data improves the accuracy of predictions, raising the ROAS for customers, and they increase their spend on Axon 2.0. That is why AppLovin has been able to achieve such startling growth combined with extraordinary margins.Unity began its life offering a set of software tools to create sophisticated games. It was a pioneer in providing game creators with the tools they needed to create 3D games, and that was the focus of the company. It held a successful IPO in a bit more than 4 years ago. A logical evolution was the development of a set of what are called mediation tools which the game developers could use to monetize their creations.This was the foundation of Unity’s own in-game advertising product-the segment of its business that it calls “Grow.” Initially, Grow was very successful and was a leading vendor in the space, leveraging its position with Unity’s community of game creators. For a time, it was market leading and growing more rapidly than AppLovin.At the start of 2022, the efficacy of Grow’s algorithms saw an unexpected decline. It turned out that some of its algorithms had been corrupted and were not forecasting properly. In addition, the company discovered an error in its data collection technology which also crippled the efficacy of the solution. Needless to say this led to a decline in Grow revenues.In the summer of that year, Unity announced its intention to acquire an Israeli-based company called ironSource. ironSource probably had the industry-leading market share of the in-game advertising space at that time and had been growing rapidly. The merger process was attended with some drama as AppLovin, at that point, tried to merge with Unity on condition that Unity abandon its transaction to acquire ironSource.Ultimately, the AppLovin proposal was rejected and in November 2022, Unity acquired ironSource. The merger did not go well. There was a botched integration of ironSource into Unity Ads. Then the ironSource senior managers all departed Unity. Subsequently, there may have been an effort by ironSource middle managers to bully Unity staffers into resigning. ironSource and AppLovin had been existential competitors. That meant that the ironSource style was far more aggressive and clashed with Unity’s culture. I have linked here to an article that purports to provide an insight into the problems at the Unity Grow division. It is not pretty reading, and one has to be careful to try to disentangle the wheat from the chaff: fired or bullied employees are often less than objective in their evaluation. Many of the bullied or fired employees were ones who had apparently let the Unity mediation technology get stale and uncompetitive.Where is Unity Grow at this point?Unity is a tale of two businesses. I have started this article looking at Grow-both because it is larger but also because it is the segment that competes with AppLovin and which perhaps has the potential to achieve some of the success that AppLovin has had with Axon 2.0.Unity Growth is actually the larger of the two revenue streams at Unity today. Last quarter its revenues were $298 million, down 5% year over year, but up by 1% sequentially Overall, Grow was 69% of total revenues. Obviously, at least some of the critique in the linked article above is a significant exaggeration, given that sequential revenues actually grew, albeit modestly. Just how much of the article represents the state of affairs within Unity Grow is difficult for me to determine as an outsider. Cultural clashes are never pretty, but are often necessary. A new management was never going to permit Grow to remain stuck in neutral.Grow revenues reached $253 million in Q4-2022. In the immediate wake of the purchase of ironSource, Grow revenues were $344 million. Overall, Grow revenues have declined about 26% over the last two years. Over the same span, AppLovin software platform revenues have risen from $306 million to $835 million, essentially a function of the performance of the Axon platform in creating superior ROAS for customers.Unity has a somewhat different vision of its go-to-market strategy for Grow when compared to AppLovin.Finally, we talked last quarter about embarking on a fundamental rebuild of our machine learning stack and data infrastructure designed to enhance the return on investment we’re able to deliver to our advertising customers. We’re happy to report great progress on that work, which is already in testing on live data. We’re very encouraged by the early results we’re seeing. We believe that our new data platform will not only drive performance improvements in user acquisition and monetization, but also surface insights critical to game production and live service management, where understanding consumer behavior is core to being able to build and operate great games. These investments are core to our vision of a unified platform that can deliver for our customers across the full lifecycle of game development.This strategy comes from the playbook that has marked Unity’s vision in this space almost from the start of it creating its Grow business. As can be seen from the above quote from the company’s most recent shareholder letter, Unity sees in-game advertising as an integral component of …well, a unified strategy that goes from game creation to monetization.We're the only company in the world capable of providing a platform to power the entire development cycle from prototyping through live service management to user acquisition and monetization.That is quite different from what AppLovin is currently doing; while it still has games that it has created, it does not offer game creation tools and its gaming business is a cash cow, and not really a part of its go-forward strategy.According to the company, despite the revenue decline of the Grow business, Unity’s customer base has not migrated to other in-game advertising solutions. What has happened, at least according to the management, is that because of the relative lower level of ROAS from the existing Unity platform, its users have moderated their spending for the in-game ads available on that platform, but haven’t deserted as customers either. I really have no way of validating the assertion.Like most anything else in the gestation process, evaluating the probability of success for is more of a guess than anything else. It has just been 15 months since Axon 2.0 was launched. At the time of the launch, some analysts were skeptics. I am linking here to an article which highlights some of the skepticism at that time.This is not intended to deprecate the skills of the mentioned analysts. As it happens, the Benchmark analyst mentioned in the article still has a sell rating on APP shares. The fact is, that when a product such as this is launched, many analysts will be skeptical and others will be more optimistic, and there simply will not be enough information to make much more than a guess.At the end of the day, it is all about efficacy. The buyers of ads are looking for quantifiable results. If the results are there, then there is a high probability that users will increase their investments on ad spending through the platform. I think management is very well aware of this. For the most part, developing this is a tedious and iterative process, but one that technology has made very doable over time.Management has made the assertion that because it offers both creation and monetization tools, it is in a position to offer unique insights.And as I said again, in in the opening statements, we think we are in a unique spot with respect to being the only company we believe in the world, that can sit as a platform through the entire lifecycle of development, from prototyping through to operating live service, and into monetization and advertising in UA. And those insights that we glean from being a platform, we can share those with our customers, and fundamentally offer insights that we think over time that no one else can. And to your point, we've got work, to do that. But we know what the work is and its work that's doable. And we're excited about it. And we're seeing, we're seeing, and feeling the wind at our back from, from the perspective of Unity how customers are responding, and some of the early results of the investments we're making. So this is an -- it's a business that we really couldn't be more excited to be in.It seems like a reasonable assertion, but again, at this point, it is difficult to validate. The CEO talked about the fact that game monetization is not necessarily a winner-take-all market.Game monetization will not be a winner to take all market. I can tell you for certain from personal experience that customers don't desire that outcome.I think that is highly likely.The company hopes to replace its old solutions by the end of calendar Q1 or in Q2. Is a buy recommendation premature here? The opportunity to emulate some, if not all of AppLovin’s explosive growth probably will not start until the summer of next year. While I am a long-term investor, I recognize that not all readers will want to wait on that long to see any validation of a thesis. But, as it turns out, that is not necessary. The company’s other business, Create, has had some new initiatives and those initiatives have the potential to move the CAGR needle in the immediate future.Unity’s Create business: There’s a lot new, including a 6.0 release, a pricing change, and the issue of using AI as a game development tool.Unity’s Create Solutions revenue last quarter was $132 million, up 5% year-on-year and 2% sequentially. At this point, Create is 31% of Unity's total revenues.Unity 6 was announced for general availability last month. It should be noted that the company’s new CEO, Matt Bromberg, is an erstwhile game developer/game entrepreneur, and is apparently intimately familiar with the specifics of what features and functions creators need and crave. Some of the features will be familiar to developers and only developers. Others are universally understood. One of those is performance enhancements based on optimizations. Another is something called a GPU Resident Drawer. Overall, the company has cited a more than 2X improvement in the performance of its new offering. There are many other new features which probably resonate more with game developers than anyone else and are of less interest to many investors.At least as important as the new product itself was the repeal of run time fees. It was about a year ago when the company announced a significant pricing change by instituting runtime fee for the development of new games. This was enormously unpopular with many users and had crippled Unity’s ability to grow. It led to market share losses and immense customer dissatisfaction.So if you didn't want to pay the new prices, all you have to do is not upgrade. That obviously was not a great dynamic from our perspective. So in addition to the sort of relationship elements and changing fundamentally how we're talking to customers, there was also a really enormous practical impact in which, for example, at our Unite conference in Barcelona, where literally, 50 customers came up and said, hey I had said I told everybody internally no upgrade in Unity 6 and now that we've -- you've repealed it and you reverted to the subscription, we're a green light.So those dynamics change real radically.While the company did eliminate run time fees, it has instituted price increases. Typically, these increases play out over some time and they should be a significant tailwind over the course of 2025.Another investment issue regarding Unity’s Create business has been that of genAI. Simply put, the question has been if the use of genAI can eliminate or reduce the need to use Unity, or any other set of tools, to create modern games. It is a more complex question than might be imagined. AI has been used for some time now as a part of the overall game creation process. It makes the process more efficient and speeds up the time to deliver a new game. The new CEO provided some insights into his perspectives on the issue: not terribly surprisingly it was anodyne and generic. Most likely the process of integrating genAI into the game creation process will be more incremental than existential.The CAGR estimates for game creation software overall range between 5% and 11% depending on which analysis is used. For many years, prior to the recent upsets, Unity Create had a CAGR many times that level because of its technology. The guidance this company provided on its latest call was sparse, both because of caution surrounding the cadence of a turnaround, and also because the CFO is interim, and will soon revert to a different role. Further, headline numbers still reflect the impact of Unity’s exit from non-core businesses.Revenues last quarter from the company’s core business components were $429 million. That compares to the prior forecast of $415-$420 million. The company increased full-year guidance by more than $50 million at the mid-point, suggesting some growth acceleration in its Create business in Q4. Understandably, in the midst of what is an existential product transition, it is not expecting Q4 will see any growth in its Grow business segment. Current published expectations for this current quarter are for revenues of $433 million. Published expectations for 2025 are for revenue growth of just 2%. After all that has gone on at Unity over the past couple of years, forecasts should and do err on the side of extreme caution. There are more than a few unknowns that need to be considered and evaluated in establishing forecasts for this company at this time.My own estimate for 2025 revenue is $1.92 billion, compared to the published consensus of $1.82 billion. It all depends on just how successful the turnaround is, and particularly if the Grow segment of the business can …well, start to grow itself when its new technology replaces the current flawed version being offered.Unity’s competitionThere are many vendors offering game development software. I have linked here to the Gartner listing of competitors; it isn’t particularly useful. I have also linked to both the Reddit and the Quora threads.None of the analysis presented here is really relevant. Unity 6 is just now available, and it wasn’t available at the time these threads were compiled. And these threads were compiled prior to Unity rescinding its run time fees. Further, the appointment of a new CEO who has been a game developer and is intimately familiar with that culture and is able to understand and act on developer concerns is a factor that is likely to change the competitive calculus.Unity has lost a significant amount of user goodwill, although its market share loss, if any, is less clear. It can take time to reestablish favorable vibes in the developer community. I expect with the new products that have been introduced, coupled with a management that is likely to be perceived as developer friendly and concerned, market share gains are likely - although not all at once.With regard to Unity’s Grow segment, its competitor is AppLovin. If the technology that Unity ultimately brings to market can produce ROAS equal to or greater than that which AppLovin is currently providing its users, it will see substantial growth-far greater than anyone-and that includes this writer-is willing to currently forecast.I don’t think there is any secret as to what has to be done. As the CEO said on the recent conference call, it is an iterative process. If the integration of game creation and game monetization winds up actually producing a better ROAS, then the opportunity is enormous, and particularly so given the current intense skepticism that Unity will actually become a significant competitor to AppLovin. All things considered, it is one of the better bets available in the enterprise software space, but competing against AppLovin at this point is a high bar-although not really insurmountable.Unity’s Business Model-What it will be is a function of how successful its Grow initiative is.Invariably, at this point in writing an article, I like to discuss the details of a company’s business model. That is what I am trained to do. In this case, discussing the details of the latest quarter are really not totally relevant. I am recommending Unity shares because I believe that the company’s efforts to reinvent itself have a reasonable probability of success. In particular, I think that the opportunity it has to become a realistic alternative to AppLovin within the in-game advertising space is significant and as yet under-appreciated. That is relevant because the margins that APP has achieved in that business are so substantial.Last quarter, AppLovin’s adjusted EBITDA margin in its software platform segment was 79%! The company’s overall free cash flow margin, which includes its margin on the games that it has created and published, was 45%. I do not wish to suggest that Unity will achieve these kinds of margins in the near future. But I present AppLovin’s most recent results simply to show what is possible.In this most recent quarter, Unity’s adjusted gross margin was 84%. The other cost ratios are elevated as the company will have to scale revenues to support its current infrastructure. Non-GAAP research and development expense was 29% compared to 27% in the year earlier period. Sales and marketing were 24% up by 400 bps year-on-year. Non-GAAP general and administrative expense, declined by 25% in dollars, and that was enough to hold the expense ratio steady at 10%.Overall, while the GAAP net loss margin was 28%, the company’s adjusted EBITDA margin was positive 21%. The company has been able to remain free cash flow positive. Much of its net loss has to do with its relatively substantial depreciation and amortization provision, which most recently was 24% of revenues. As capex is less than 2% of revenue, and stock-based comp. is 24% of revenues, the company, despite its current state, has been able to achieve free cash flow margin of 27%.What the business model might look like is entirely a function of how the company’s efforts to undo past errors and to develop an app monetization offering that can produce a strong level of ROAS for users evolves. Unity, like APP, has the potential to be very profitable, but it is all a function of the company’s product initiatives.Risks to the investment thesis.This is a turnaround. And inherently, that makes the investment thesis risky. I don’t know the statistics-but my guess is that more turnarounds don’t achieve their full promise than those that do. There really are no secrets about the risks to this thesis.Unity has to be able to offer an in-game advertising solution that produces a very high ROAS-at least equivalent to what the ROAS has been for AppLovin’s Axon 2.0. Without the ability to offer that, the company will not be able to capture the potential growth is this, its major revenue segment.The company has rescinded its run-time charge. The issue, of course is, will the developer user community return and choose to upgrade to Unity 6.0. The price/performance advantages are there and so, too, are the functional improvements. But there are lots of customers who have become conspicuously unhappy by the aborted pricing change. Will they return as enthusiastic Unity customers? Will they upgrade? Will they accelerate their game creation efforts on the Unity platform?The gaming business has been cyclical. It saw exceptional growth during the period of the pandemic, when users reached a high point in terms of their engagement as other forms of recreation were severely circumscribed. Subsequently, as user engagement returned to more normal levels, the growth of the gaming business slowed. The overall environment has shown some improvements, but certainly should macro conditions deteriorate, this would impact Unity-it still has a 70% market share according to analysts for game creation tools.I think management chose the right individual to turn this around-at least based on his public pronouncements. He says the right things, and he is certainly on a mission to prove his ability to run a large game creation and monetization vendor. But the tasks ahead are non-trivial and require lots of execution and some luck as well. Those are the risks to the thesis.Wrapping up-The case to buy Unity shares nowThe case to buy Unity shares is a bet on its potential turnaround. In particular, the thesis relates to the potential for Unity Grow, which has embarked on a complete revamp of its in-game advertising platform, to mimic some of the success that AppLovin has had with Axon 2.0. Management is well aware of what is needed to launch a successful offering in this space, and it is well along in terms of developing the appropriate technology for users. It is a tedious, iterative process, but it is the only way to ensure that users will get at least the level of ROAS that they are expecting.In addition, the company has rescinded the toxic run time fees that were misguidedly instituted by the prior CEO. And it has launched a new generation of its gaming engine with substantial price/performance improvements as well as significant improvement in graphics capabilities. The new CEO has a lengthy experience in the gaming industry, both as a developer and as the operator of a good-sized vendor. He seems likely to be able to restore Unity’s reputation in the space.Because this is a turn-around, precise quantification of the potential is not really possible. Whatever a prudent guess might be, it would be substantially bettered if the strategy works-and if the strategy doesn’t work, the investment won’t be saved by attractive valuation metrics-which, after all, are as much retrospective as prospective. Based on a revenue forecast that in no way reflects the potential for a turnaround, or one that starts to achieve results in 2025, my estimate of the EV/S ratio is a bit greater than 6X. But the reality is that if the turnaround works, that ratio would, perhaps, be 4X on 2026 revenues, and with a free cash flow margin that could easily top 40% as it is currently 24% without any positive impacts from new products.Over the course of writing this article, over the past week-just a few days really, Unity shares have appreciated 31%. Some of this is apparently a rumor that Microsoft might be interested in making a bid to acquire the company. I, personally, don’t quite see the logic of that transaction and whether I did or not, it would probably receive antitrust objections. I would not recommend Unity shares because of a potential merger-if it were to happen it would be lagniappe, at least for me.Also, recently, Cathy Wood’s ARK Innovation ETF sold $48 million of Unity shares after the company reported its most recent quarter.High-growth IT stocks have staged an impressive rally this week. A benchmark ETF, the IGV has rose by nearly 5% Investor seem of a “risk-on mindset. Speculating on the success of Unity’s turnaround is congruent with that mindset. I am not trying to opine here with regard to how investors should allocate portfolio resources to risk-on positions. Some readers will doubtless be concerned about the sharp rally in high-growth IT shares in the few weeks since the election. That is obviously a different subject than what I have tried to write about in this article.I believe that the risk/rewards of investing in Unity shares are quite compelling and that remains the case after the spike in valuation of the last few days. There is really room for another monetization engine in the in-games advertising space, and my belief is that Unity has a reasonable chance to be that alternative. I think the odds favor Unity shares achieving positive alpha over the next year and beyond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355496885567864,"gmtCreate":1727793317915,"gmtModify":1727793321758,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a> CEO play jokers Today 😃","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a> CEO play jokers Today 😃","text":"$Mullen Automotive(MULN)$ CEO play jokers Today 😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355496885567864","isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355136808894792,"gmtCreate":1727705407709,"gmtModify":1727705411393,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a> Going to be $1 soon scram","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a> Going to be $1 soon scram","text":"$Mullen Automotive(MULN)$ Going to be $1 soon scram","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/355136808894792","isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3562484784257058","authorId":"3562484784257058","name":"Semangkaka","avatar":"https://static.tigerbbs.com/f90131e92acdf55a1c46162e05bd5cd1","crmLevel":4,"crmLevelSwitch":0,"idStr":"3562484784257058","authorIdStr":"3562484784257058"},"content":"Even ffie is better than this. Ffie only sell 1 car. The problem is Mullen is using china Wuling and change label and then give so many cars to dealers. Telling the world ship hundreds cars for $xxx million","text":"Even ffie is better than this. Ffie only sell 1 car. The problem is Mullen is using china Wuling and change label and then give so many cars to dealers. Telling the world ship hundreds cars for $xxx million","html":"Even ffie is better than this. Ffie only sell 1 car. The problem is Mullen is using china Wuling and change label and then give so many cars to dealers. Telling the world ship hundreds cars for $xxx million"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354006458847448,"gmtCreate":1727435523445,"gmtModify":1727435527448,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Scam co&nbsp;","listText":"Scam co&nbsp;","text":"Scam co","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354006458847448","repostId":"2470751541","repostType":2,"repost":{"id":"2470751541","kind":"highlight","weMediaInfo":{"introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"media_name":"MT Newswires Live","id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"pubTimestamp":1727366447,"share":"https://ttm.financial/m/news/2470751541?lang=&edition=fundamental","pubTime":"2024-09-27 00:00","market":"hk","language":"en","title":"Mullen Automotive Gets $3.2 Million Vehicle Order from Pape Truck","url":"https://stock-news.laohu8.com/highlight/detail?id=2470751541","media":"MT Newswires Live","summary":"Mullen Automotive  said Thursday it has received a $3.2 million order from Pape Truck for 43 class 3 electric vehicle trucks and seven class 1 EV cargo vans.The company said deliveries will start immediately.Mullen shares were down 3.3% in recent trading.Price: 4.50, Change: -0.15, Percent Change: -3.25","content":"<html><body><p> <a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a> (MULN) said Thursday it has received a $3.2 million order from Pape Truck for 43 class 3 electric vehicle trucks and seven class 1 EV cargo vans.</p><p>The company said deliveries will start immediately.</p><p>Mullen shares were down 3.3% in recent trading.</p><p>Price: 4.50, Change: -0.15, Percent Change: -3.25</p></body></html>","source":"mtnewswires_news","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mullen Automotive Gets $3.2 Million Vehicle Order from Pape Truck</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMullen Automotive Gets $3.2 Million Vehicle Order from Pape Truck\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2024-09-27 00:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a> (MULN) said Thursday it has received a $3.2 million order from Pape Truck for 43 class 3 electric vehicle trucks and seven class 1 EV cargo vans.</p><p>The company said deliveries will start immediately.</p><p>Mullen shares were down 3.3% in recent trading.</p><p>Price: 4.50, Change: -0.15, Percent Change: -3.25</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4099":"汽车制造商","MULN":"Mullen Automotive"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2470751541","content_text":"Mullen Automotive (MULN) said Thursday it has received a $3.2 million order from Pape Truck for 43 class 3 electric vehicle trucks and seven class 1 EV cargo vans.The company said deliveries will start immediately.Mullen shares were down 3.3% in recent trading.Price: 4.50, Change: -0.15, Percent Change: -3.25","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"content":"So what? So from $12 drop every day more than 10% till now $3","text":"So what? So from $12 drop every day more than 10% till now $3","html":"So what? So from $12 drop every day more than 10% till now $3"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":338033296261128,"gmtCreate":1723528299173,"gmtModify":1723528302031,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a>&nbsp;","text":"$Mullen Automotive(MULN)$","images":[{"img":"https://community-static.tradeup.com/news/4d886813099f89f3b3d6a108c45149af","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/338033296261128","isVote":1,"tweetType":1,"viewCount":560,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338033711644672,"gmtCreate":1723528290420,"gmtModify":1723528294161,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a> Going bankrupt?","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a> Going bankrupt?","text":"$Mullen Automotive(MULN)$ Going bankrupt?","images":[{"img":"https://community-static.tradeup.com/news/4d886813099f89f3b3d6a108c45149af","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338033711644672","isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":338033077391536,"gmtCreate":1723528227061,"gmtModify":1723528231651,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a> going bankrupt?","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$</a> going bankrupt?","text":"$Mullen Automotive(MULN)$ going bankrupt?","images":[{"img":"https://community-static.tradeup.com/news/9bf5e1e7d4f0c7047793237aa4a7a99f","width":"927","height":"1599"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/338033077391536","isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4111675977273012","authorId":"4111675977273012","name":"joe3141","avatar":"https://community-static.tradeup.com/news/a947f14f6741fc216021d0b382bd20f8","crmLevel":3,"crmLevelSwitch":1,"idStr":"4111675977273012","authorIdStr":"4111675977273012"},"content":"all the sales revenue only account for at Q4....","text":"all the sales revenue only account for at Q4....","html":"all the sales revenue only account for at Q4...."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":232181751890160,"gmtCreate":1697722432230,"gmtModify":1697722436183,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Going bankrupt&nbsp;","listText":"Going bankrupt&nbsp;","text":"Going bankrupt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/232181751890160","repostId":"2376287479","repostType":2,"repost":{"id":"2376287479","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1697719260,"share":"https://ttm.financial/m/news/2376287479?lang=&edition=fundamental","pubTime":"2023-10-19 20:41","market":"us","language":"en","title":"Mullen Automotive to hold special shareholder meeting Dec. 15 to vote on proposed reverse stock split","url":"https://stock-news.laohu8.com/highlight/detail?id=2376287479","media":"Dow Jones","summary":"Mullen Automotive Inc.  said Thursday it will convene a special shareholder meeting on Dec. 15 to vote on the board's proposal for a reverse stock split at an exchange ratio of between 1-for-2 to 1-for-100. The move is aimed at giving the electric vehicle company a stock price of at least $1 so it can comply with Nasdaq minimum listing requirements. The stock was down 6.8% in premarket trade after closing Wednesday at 34 cents. The stock has fallen 99% in the year to date, while the S&P 500 has gained 12%.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW <a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a> to hold special shareholder meeting Dec. 15 to vote on proposed reverse stock split\n</p>\n<p>\n     Mullen Automotive Inc. (MULN) said Thursday it will convene a special shareholder meeting on Dec. 15 to vote on the board's proposal for a reverse stock split at an exchange ratio of between 1-for-2 to 1-for-100. The move is aimed at giving the electric vehicle company a stock price of at least $1 so it can comply with Nasdaq minimum listing requirements. The stock was down 6.8% in premarket trade after closing Wednesday at 34 cents. The stock has fallen 99% in the year to date, while the S&amp;P 500 has gained 12%. \n</p>\n<p>\n     -Ciara Linnane \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 19, 2023 08:41 ET (12:41 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mullen Automotive to hold special shareholder meeting Dec. 15 to vote on proposed reverse stock split</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMullen Automotive to hold special shareholder meeting Dec. 15 to vote on proposed reverse stock split\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-10-19 20:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW <a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a> to hold special shareholder meeting Dec. 15 to vote on proposed reverse stock split\n</p>\n<p>\n     Mullen Automotive Inc. (MULN) said Thursday it will convene a special shareholder meeting on Dec. 15 to vote on the board's proposal for a reverse stock split at an exchange ratio of between 1-for-2 to 1-for-100. The move is aimed at giving the electric vehicle company a stock price of at least $1 so it can comply with Nasdaq minimum listing requirements. The stock was down 6.8% in premarket trade after closing Wednesday at 34 cents. The stock has fallen 99% in the year to date, while the S&amp;P 500 has gained 12%. \n</p>\n<p>\n     -Ciara Linnane \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 19, 2023 08:41 ET (12:41 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4099":"汽车制造商","MULN":"Mullen Automotive"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2376287479","content_text":"MW Mullen Automotive to hold special shareholder meeting Dec. 15 to vote on proposed reverse stock split\n\n\n     Mullen Automotive Inc. (MULN) said Thursday it will convene a special shareholder meeting on Dec. 15 to vote on the board's proposal for a reverse stock split at an exchange ratio of between 1-for-2 to 1-for-100. The move is aimed at giving the electric vehicle company a stock price of at least $1 so it can comply with Nasdaq minimum listing requirements. The stock was down 6.8% in premarket trade after closing Wednesday at 34 cents. The stock has fallen 99% in the year to date, while the S&P 500 has gained 12%. \n\n\n     -Ciara Linnane \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 19, 2023 08:41 ET (12:41 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":612,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":228991119859968,"gmtCreate":1696945228413,"gmtModify":1696945232505,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Yes lousy ceo ! Step down n price up👍","listText":"Yes lousy ceo ! Step down n price up👍","text":"Yes lousy ceo ! Step down n price up👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/228991119859968","repostId":"1113983690","repostType":4,"repost":{"id":"1113983690","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1696945036,"share":"https://ttm.financial/m/news/1113983690?lang=&edition=fundamental","pubTime":"2023-10-10 21:37","market":"us","language":"en","title":"Unity Jumps 4% After CEO Steps Down","url":"https://stock-news.laohu8.com/highlight/detail?id=1113983690","media":"Tiger Newspress","summary":"Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, ","content":"<html><head></head><body><p>Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, hoping it could tame the backlash against Unity triggered by Riccitiello’s controversial pricing change unveiled in September. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b665f47ea3e065e8b2c0d56101fe250\" tg-width=\"840\" tg-height=\"627\"/></p><h3 id=\"id_454966765\" style=\"text-align: left;\">Riccitiello Steps Down as CEO and Chairman</h3><p style=\"text-align: left;\">John Riccitiello, CEO of gaming software maker Unity, is stepping down from the company less than a month after his controversial pricing change that angered numerous developers. Unity’s shares popped 7.7% in the premarket on the news at the time of writing.</p><p style=\"text-align: left;\">According to a Monday press release, Riccitiello will step down as both CEO and chairman of Unity and leave the company’s board. James Whitehurst, former CEO of the software company Red Hat, will become Unity’s interim CEO. Unity Board’s lead independent director, Roelof Botha, will be chairman. </p><p style=\"text-align: left;\">The video game software development company said it will initiate a search for a permanent CEO. In the meantime, Riccitiello “will continue to advise Unity to ensure a smooth transition,” the company stated</p><p style=\"text-align: left;\">Before today’s premarket rise, Unity’s shares closed down 1.5% on Monday at $29.70. The stock witnessed an impressive turnaround in 2023.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unity Jumps 4% After CEO Steps Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnity Jumps 4% After CEO Steps Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-10-10 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, hoping it could tame the backlash against Unity triggered by Riccitiello’s controversial pricing change unveiled in September. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b665f47ea3e065e8b2c0d56101fe250\" tg-width=\"840\" tg-height=\"627\"/></p><h3 id=\"id_454966765\" style=\"text-align: left;\">Riccitiello Steps Down as CEO and Chairman</h3><p style=\"text-align: left;\">John Riccitiello, CEO of gaming software maker Unity, is stepping down from the company less than a month after his controversial pricing change that angered numerous developers. Unity’s shares popped 7.7% in the premarket on the news at the time of writing.</p><p style=\"text-align: left;\">According to a Monday press release, Riccitiello will step down as both CEO and chairman of Unity and leave the company’s board. James Whitehurst, former CEO of the software company Red Hat, will become Unity’s interim CEO. Unity Board’s lead independent director, Roelof Botha, will be chairman. </p><p style=\"text-align: left;\">The video game software development company said it will initiate a search for a permanent CEO. In the meantime, Riccitiello “will continue to advise Unity to ensure a smooth transition,” the company stated</p><p style=\"text-align: left;\">Before today’s premarket rise, Unity’s shares closed down 1.5% on Monday at $29.70. The stock witnessed an impressive turnaround in 2023.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U":"Unity Software Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113983690","content_text":"Shares of game development software provider Unity rose more than 4% in morning trading after the company announced it is parting ways with its CEO, John Riccitiello. Investors welcomed the decision, hoping it could tame the backlash against Unity triggered by Riccitiello’s controversial pricing change unveiled in September. Riccitiello Steps Down as CEO and ChairmanJohn Riccitiello, CEO of gaming software maker Unity, is stepping down from the company less than a month after his controversial pricing change that angered numerous developers. Unity’s shares popped 7.7% in the premarket on the news at the time of writing.According to a Monday press release, Riccitiello will step down as both CEO and chairman of Unity and leave the company’s board. James Whitehurst, former CEO of the software company Red Hat, will become Unity’s interim CEO. Unity Board’s lead independent director, Roelof Botha, will be chairman. The video game software development company said it will initiate a search for a permanent CEO. In the meantime, Riccitiello “will continue to advise Unity to ensure a smooth transition,” the company statedBefore today’s premarket rise, Unity’s shares closed down 1.5% on Monday at $29.70. The stock witnessed an impressive turnaround in 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":221196960645184,"gmtCreate":1695045462775,"gmtModify":1695045465348,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$&nbsp;</a>Yes","listText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$&nbsp;</a>Yes","text":"$Unity Software Inc.(U)$ Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/221196960645184","isVote":1,"tweetType":1,"viewCount":579,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":219801959608416,"gmtCreate":1694692788207,"gmtModify":1694692793087,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Profit will increase too","listText":"Profit will increase too","text":"Profit will increase too","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/219801959608416","repostId":"2367683954","repostType":2,"repost":{"id":"2367683954","kind":"highlight","pubTimestamp":1694690024,"share":"https://ttm.financial/m/news/2367683954?lang=&edition=fundamental","pubTime":"2023-09-14 19:13","market":"us","language":"en","title":"Unity Takes a Big Risk to Boost Growth and Profit","url":"https://stock-news.laohu8.com/highlight/detail?id=2367683954","media":"Motley Fool","summary":"After a price increase last year, Unity is rolling out an entirely new type of fee.","content":"<html><head></head><body><h2 id=\"id_996374730\" style=\"text-align: start;\">KEY POINTS</h2><ul style=\"\"><li><p>Unity will start charging developers a per-install fee when certain revenue and install base thresholds are met.</p></li><li><p>This new fee is in addition to pricey per-seat subscription fees, and it applies to the free plan as well.</p></li><li><p>While developers already committed to using Unity for a project have little choice, Unity&#39;s platform may now be less appealing for new projects.</p></li></ul><p>Shares of game-engine developer <a href=\"https://laohu8.com/S/U\">Unity</a> have been crushed over the past two years. Since hitting its pandemic-era peak in late 2021, the stock has tumbled a whopping 80%.</p><p>A crashing growth rate has been part of the problem. Revenue grew by 25% in 2022, down from 44% growth in 2021, and the situation has gotten worse this year. Revenue edged up 2% in the first quarter and 11% in the second quarter. These growth rates are on a pro forma basis to account for the acquisition of ironSource.</p><p>Unity relies on subscription fees for a big chunk of its revenue. The company&#39;s Create Solutions segment, which covers subscriptions, support, and professional services, accounted for a bit more than half of total revenue in 2022. For anyone not a student or hobbyist, Unity charges hefty per-seat fees for using its platform. The company boosted some of these fees last year, which helped keep revenue growing.</p><p>A price increase for serious game developers already paying hundreds of dollars per month per seat isn&#39;t going to dissuade anyone from using Unity, but the company&#39;s latest change might. In addition to some other changes, Unity will begin charging a per-install &#34;Runtime Fee&#34; in 2024 on top of its subscription fees.</p><h2 id=\"id_2790563569\">Squeezing developers</h2><p>Unity is making two meaningful changes to its pricing model. First, the company is eliminating its lower-cost Unity Plus plan entirely. Current subscribers will be able to upgrade to Unity Pro at the same $400 per-year rate for one year, but after that, they&#39;ll need to shell out the full $2,040 for the pricier plan.</p><p>Second, Unity is implementing a fee for developers each time a game is downloaded and installed. This fee applies to those using Unity&#39;s free plan as well as its paid plan, although the thresholds are different. For the free plan, anyone with more than $200,000 in revenue over a 12-month period and at least 200,000 lifetime game installs is on the hook for this new fee of $0.20 per install. For paying subscribers, the thresholds are $1 million in revenue and 1 million lifetime installs, and the fees are smaller.</p><p>While this fee won&#39;t mean much for bigger game studios that use Unity, the company risks pushing away its solo and small-time developers. Free-to-play games that rely on in-game transactions for monetization are particularly problematic under this new model, although Unity will provide credits for those using Unity services beyond the core game engine.</p><p>There was plenty of confusion around this new fee initially, particularly around fees for multiple installs and for games that are available under subscription services like Xbox Game Pass. Speaking to Axios, Unity executive Marc Whitten clarified that only the initial install of a game will result in a fee, game demos won&#39;t result in fees, and developers won&#39;t have to pay fees for every user on subscription services.</p><p>Beyond costing developers more money, this new fee sends a message that Unity is going to be increasingly finding ways to squeeze its developers. While any developer deep enough into development isn&#39;t going to be switching game engines, those starting new projects may be more likely to consider alternatives.</p><p>Unreal Engine from Epic Games is a major competitor, and it involves a simple 5% revenue share with no subscription fees. Developers also have the option to create their own game engines and tools, which plenty of larger studios already do. There&#39;s also a plethora of open-source game-engine alternatives, although they obviously don&#39;t have the backing or support of a for-profit company.</p><h2 id=\"id_4169096911\">Profit remains elusive</h2><p>This new fee will boost revenue in the short term, as developers too deep into the process of making a game will have no choice but to pay it. That should help push Unity&#39;s bottom line up, although the profitability hole the company finds itself in is deep.</p><p>In Q2 alone, Unity posted a net loss of $193 million on $533 million in revenue. The problem is not necessarily revenue but expenses. For one, Unity doled out a whopping $158 million worth of stock-based compensation in the quarter, roughly equivalent to 30% of revenue. Sales and marketing expenses doubled year over year, partly due to the ironSource acquisition.</p><p>In the short term, this new fee will boost Unity&#39;s revenue and likely reduce its net losses. But it risks choking off the pipeline of free users who could eventually become paying users as developers balk at the company&#39;s escalating fees. There are plenty of alternatives to Unity, and the company may not have the pricing power to push through this new fee without a meaningful developer exodus.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unity Takes a Big Risk to Boost Growth and Profit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnity Takes a Big Risk to Boost Growth and Profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-14 19:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/09/14/unity-takes-a-big-risk-to-boost-growth-and-profit/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSUnity will start charging developers a per-install fee when certain revenue and install base thresholds are met.This new fee is in addition to pricey per-seat subscription fees, and it ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/09/14/unity-takes-a-big-risk-to-boost-growth-and-profit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U":"Unity Software Inc.","RBLX":"Roblox Corporation"},"source_url":"https://www.fool.com/investing/2023/09/14/unity-takes-a-big-risk-to-boost-growth-and-profit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2367683954","content_text":"KEY POINTSUnity will start charging developers a per-install fee when certain revenue and install base thresholds are met.This new fee is in addition to pricey per-seat subscription fees, and it applies to the free plan as well.While developers already committed to using Unity for a project have little choice, Unity's platform may now be less appealing for new projects.Shares of game-engine developer Unity have been crushed over the past two years. Since hitting its pandemic-era peak in late 2021, the stock has tumbled a whopping 80%.A crashing growth rate has been part of the problem. Revenue grew by 25% in 2022, down from 44% growth in 2021, and the situation has gotten worse this year. Revenue edged up 2% in the first quarter and 11% in the second quarter. These growth rates are on a pro forma basis to account for the acquisition of ironSource.Unity relies on subscription fees for a big chunk of its revenue. The company's Create Solutions segment, which covers subscriptions, support, and professional services, accounted for a bit more than half of total revenue in 2022. For anyone not a student or hobbyist, Unity charges hefty per-seat fees for using its platform. The company boosted some of these fees last year, which helped keep revenue growing.A price increase for serious game developers already paying hundreds of dollars per month per seat isn't going to dissuade anyone from using Unity, but the company's latest change might. In addition to some other changes, Unity will begin charging a per-install \"Runtime Fee\" in 2024 on top of its subscription fees.Squeezing developersUnity is making two meaningful changes to its pricing model. First, the company is eliminating its lower-cost Unity Plus plan entirely. Current subscribers will be able to upgrade to Unity Pro at the same $400 per-year rate for one year, but after that, they'll need to shell out the full $2,040 for the pricier plan.Second, Unity is implementing a fee for developers each time a game is downloaded and installed. This fee applies to those using Unity's free plan as well as its paid plan, although the thresholds are different. For the free plan, anyone with more than $200,000 in revenue over a 12-month period and at least 200,000 lifetime game installs is on the hook for this new fee of $0.20 per install. For paying subscribers, the thresholds are $1 million in revenue and 1 million lifetime installs, and the fees are smaller.While this fee won't mean much for bigger game studios that use Unity, the company risks pushing away its solo and small-time developers. Free-to-play games that rely on in-game transactions for monetization are particularly problematic under this new model, although Unity will provide credits for those using Unity services beyond the core game engine.There was plenty of confusion around this new fee initially, particularly around fees for multiple installs and for games that are available under subscription services like Xbox Game Pass. Speaking to Axios, Unity executive Marc Whitten clarified that only the initial install of a game will result in a fee, game demos won't result in fees, and developers won't have to pay fees for every user on subscription services.Beyond costing developers more money, this new fee sends a message that Unity is going to be increasingly finding ways to squeeze its developers. While any developer deep enough into development isn't going to be switching game engines, those starting new projects may be more likely to consider alternatives.Unreal Engine from Epic Games is a major competitor, and it involves a simple 5% revenue share with no subscription fees. Developers also have the option to create their own game engines and tools, which plenty of larger studios already do. There's also a plethora of open-source game-engine alternatives, although they obviously don't have the backing or support of a for-profit company.Profit remains elusiveThis new fee will boost revenue in the short term, as developers too deep into the process of making a game will have no choice but to pay it. That should help push Unity's bottom line up, although the profitability hole the company finds itself in is deep.In Q2 alone, Unity posted a net loss of $193 million on $533 million in revenue. The problem is not necessarily revenue but expenses. For one, Unity doled out a whopping $158 million worth of stock-based compensation in the quarter, roughly equivalent to 30% of revenue. Sales and marketing expenses doubled year over year, partly due to the ironSource acquisition.In the short term, this new fee will boost Unity's revenue and likely reduce its net losses. But it risks choking off the pipeline of free users who could eventually become paying users as developers balk at the company's escalating fees. There are plenty of alternatives to Unity, and the company may not have the pricing power to push through this new fee without a meaningful developer exodus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202819930964144,"gmtCreate":1690545940924,"gmtModify":1690545943662,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a>Every day drop drop drop , lousy management!","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a>Every day drop drop drop , lousy management!","text":"$Mullen Automotive(MULN)$ Every day drop drop drop , lousy management!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202819930964144","isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197132768612480,"gmtCreate":1689157982045,"gmtModify":1689157985407,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$&nbsp;</a>Buy more , going $50 n $80","listText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$&nbsp;</a>Buy more , going $50 n $80","text":"$Unity Software Inc.(U)$ Buy more , going $50 n $80","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197132768612480","isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":767463645069552,"gmtCreate":1687876655157,"gmtModify":1687876658374,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$&nbsp;</a>U will shoot above $50👍💪💪💪","listText":"<a href=\"https://ttm.financial/S/U\">$Unity Software Inc.(U)$&nbsp;</a>U will shoot above $50👍💪💪💪","text":"$Unity Software Inc.(U)$ U will shoot above $50👍💪💪💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/767463645069552","isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187439658954992,"gmtCreate":1686789260703,"gmtModify":1686789264175,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Oh any bankrupt company!","listText":"Oh any bankrupt company!","text":"Oh any bankrupt company!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187439658954992","repostId":"2343995887","repostType":2,"repost":{"id":"2343995887","kind":"highlight","pubTimestamp":1686773207,"share":"https://ttm.financial/m/news/2343995887?lang=&edition=fundamental","pubTime":"2023-06-15 04:06","market":"us","language":"en","title":"MULN Stock Alert: Mullen Automotive Adds 297 Million Shares in a Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2343995887","media":"InvestorPlace","summary":"On Monday, Mullen Automotive  announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new terms, the EV startup would provide its backers 296.9 million of common stock and pre-funded warrants for a $45 million capital injection. This replaces an agreement that offers Series D Preferred Stock and regular warrants for the money.Together, this means shareholders face immediate dilution. Once the funding deal is complete, Mullen’s share count will rise from 172.5 million — based on its May 10-Q filing — to approximately 548 million if investors include a separate $20 million deal from last week. That math works out to:. Pre-funded warrants exercisable for 8 million shares of common stock for Acuitas . For every cent a stock falls below the exercise price, the amount of dilution rises exponentially. At 50 cents, Mullen would need to issue 550 million new shares . At 25 cents, that comes to 1.1 billion shares, and so on. These new shares ","content":"<html><body><div>\n<figure>\n<div>\n<img decoding=\"async\" height=\"432\" sizes=\"(max-width: 768px) 100vw, 768px\" src=\"https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-768x432.png\" srcset=\"https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-768x432.png 768w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-300x169.png 300w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-1024x576.png 1024w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-1536x864.png 1536w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-200x113.png 200w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-400x225.png 400w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-116x65.png 116w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-100x56.png 100w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-89x50.png 89w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3-78x44.png 78w, https://investorplace.com/wp-content/uploads/2023/01/muln1600-3.png 1600w\" width=\"768\"/> </div>\n<figcaption>\n<p>Source: Sam the Leigh . Shutterstock.com</p>\n</figcaption>\n</figure>\n<div>\n<p>On Monday, <strong><a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a></strong> (NASDAQ:<strong>MULN</strong>) announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new terms, the EV startup would provide its backers 296.9 million of common stock and pre-funded warrants for a $45 million capital injection. This replaces an agreement that offers Series D Preferred Stock and regular warrants for the money.</p>\n<p>Together, this means shareholders face immediate dilution. Once the funding deal is complete, Mullen’s share count will rise from 172.5 million — based on its May 10-Q filing — to approximately 548 million if investors include a separate $20 million deal from last week. That math works out to:\n</p>\n<ul>\n<li><strong>172.5 million</strong> shares from its May 12, 2023 10-Q filing</li>\n<li><strong>19.5 million</strong> shares of common stock for Acuitas Capital (June 5)</li>\n<li>Pre-funded warrants exercisable for <strong>8 million</strong> shares of common stock for Acuitas (June 5)</li>\n<li>Warrants exercisable for <strong>51 million</strong> shares of common stock for Acuitas (June 5)</li>\n<li><strong>54.7 million</strong> shares of common stock (June 12)</li>\n<li>Pre-funded warrants exercisable for <strong>49.5 million</strong> shares of common stock (June 12)</li>\n<li>Warrants exercisable for <strong>192.7 million</strong> shares of common stock (June 12)</li>\n</ul>\n<p>Put another way, Mullen’s shareholders have seen shares outstanding rise 3.2X in less than five weeks.</p>\n<p>The firm followed up on Tuesday with a plan to increase its 2022 Equity Incentive Stock Plan by 52 million shares at its August annual meeting. It will also attempt to approve up to a 1-for-10 reverse stock split and move its charter to Maryland to give the board “the power to amend the charter of the corporation, without a stockholder vote, to increase or decrease the aggregate number of authorized shares.”</p>\n<p>That bodes poorly for those who remain invested in MULN stock. The company only has until September 2023 to regain compliance with the <strong>Nasdaq’s</strong> required minimum $1 bid price, and these significant dilutions (and the potential future ability to create more) suggest the company has little chance of making that happen.</p>\n<p>Mullen was always running on borrowed time. And the realities of its “death spiral financing” are finally catching up.</p>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2>Mullen Stock: Selling $1 Bills for 43 Cents</h2>\n<p>Mullen’s June 12 financing deal highlights its reliance on a toxic method of fundraising — the use of convertible instruments to raise cash. I outline here how this form of financing creates a “death spiral” since these dilutive issuances create a negative feedback loop for share prices.</p>\n<blockquote><p>For every cent a stock falls below the exercise price, the amount of dilution rises exponentially. At 50 cents, Mullen would need to issue 550 million new shares ($275 million divided by a 50-cent conversion price). At 25 cents, that comes to 1.1 billion shares, and so on. These new shares then depress prices even further. Investors know that millions of new shares are coming onto the market, so they revalue existing shares accordingly. The incentives are so perverse that even creditors might become tempted to short shares of companies they own to protect from downside risk.</p></blockquote>\n<p>The EV firm’s most recent deal accelerates this trend. As late as last week, Mullen raised $20 million in exchange for 77.6 million new stock and equivalents. That was 25.8 cents of cash raised for every Mullen share issued.</p>\n<p>The latest deal now requires the firm to hand over 296.9 million shares for a $45 million cash injection, a far worse valuation. Mullen’s stock now only generates 15.2 cents per share in this latest deal.</p>\n<p>From a cynical perspective, that means Mullen is “selling” $1 bills for 43 cents. Every 15.2 cents of stock and warrants bought by creditors can get immediately turned around for Mullen’s current market value of 35 cents, or a 0.43-to-1 profit ratio. The dilution caused by these issuances will only worsen future funding rounds.</p>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2>When Will Mullen Reverse Split Its Shares?</h2>\n<p>Mullen must trade above $1 for at least 10 consecutive days by Sept. 5, 2023 to regain compliance with the Nasdaq Exchange’s minimum bid price rules. A brief period of above-$1 prices last month has proved insufficient to remove Mullen from the Nasdaq’s list of non-compliant companies.</p>\n<p>That means Mullen’s management must reverse-split shares again to avoid a delisting.</p>\n<p>In an alternate reality, they would have <em>already</em> performed a reverse split. Mullen’s stock currently trades at 35 cents, so dividing shares outstanding by 10 would theoretically send prices to $3.50 — well above the $1 minimum bid price. (Nasdaq rules prohibit cumulative reverse splits of more than 1-for-250 over two years, and Mullen’s recent 1-for-25 split means it can only reverse split another 1-for-10).</p>\n<p>But in practice, the company is limited by Delaware’s corporate governance rules. The state typically requires the majority of outstanding shares to approve a reverse split and Mullen’s meme status makes it difficult to reach a quorum. That means Mullen must wait until its annual meeting to approve conversion to a Maryland corporation if it plans to enact a split unilaterally.</p>\n<p>By then, it could be too late. The company already faces delisting from the <strong>Russell 3000</strong> and <strong>Russell 2000</strong> indices later this month, and the selling pressure by funds that hold Mullen could send shares to the point where a 1-for-10 reverse split won’t achieve a $1 share price.</p>\n<p>Mullen’s lack of meaningful revenue will also add to the concern. Though the firm expects some cash inflow from a 1,000-vehicle deal in August, the funding will likely prove insufficient to balance its budget.</p>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2>What Should Investors Do?</h2>\n<p>Profit-seeking speculators can still gain through buying puts on the company’s stock. 50-cent puts expiring next month are available for as little as 23 cents, meaning that investors will profit if the stock drops below 27 cents.</p>\n<p>Even longer-dated puts have a high chance of paying out. Mullen’s 50-cent puts expiring in October sell for 35 cents, putting their breakeven price at 15 cents. Mullen’s stock could easily hit this level if the firm fails to meet Nasdaq listing rules.</p>\n<p>Of course, investors should be wary of betting too much on Mullen’s demise. Its meme potential means even the slightest bit of positive news from its upcoming Randy Marion deliveries this August could send shares skyrocketing. The high implied volatility of Mullen’s shares also means bearish options buyers face exceptionally high theta decay. But if you still hold onto MULN stock, it’s probably best to sell while you still can. According to data from Fintel.io, retail investors have already cut their positions by a third since late May. And you don’t want to be the one holding the bag in any firm going through a financing death spiral.</p>\n<p><i>As of this writing, Tom Yeung <em>did not hold (either directly or indirectly) any positions in the securities mentioned in this article.</em> The opinions expressed in this article are those of the writer, subject to the </i><i>InvestorPlace.com</i><i> </i><i>Publishing Guidelines</i><i>.</i></p>\n<div>\n<p>Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit &amp; Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.</p>\n</div>\n<div>\n<p>Consumer Discretionary, Automotive, Electric Vehicles</p>\n</div>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n</div>\n<div>\n<div hidden=\"true\">\n<div>\n<svg fill=\"none\" height=\"32\" viewbox=\"0 0 261 32\" width=\"261\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M38.8652 7.49652H42.2492V25.7517H38.8652V7.49652ZM60.0112 7.49652H63.3142V25.7517H60.0921L50.9278 13.1733V25.7517H47.6248V7.49652H50.8469L60.0112 20.0749V7.49652ZM66.5201 7.49652H70.2279L75.4578 21.8955L80.7685 7.49652H84.3144L77.1417 25.7517H73.5957L66.5201 7.49652ZM87.4232 7.49652H100.457V10.5418H90.8072V15.0601H99.5019V18.1054H90.8072V22.7064H100.781V25.7517H87.4232V7.49652ZM113.637 10.8563C112.666 10.5253 111.872 10.3598 111.063 10.3598C110.253 10.3598 109.622 10.5253 109.136 10.8563C108.65 11.1873 108.407 11.601 108.407 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Shutterstock.com\n\n\n\nOn Monday, Mullen Automotive (NASDAQ:MULN) announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new...</p>\n\n<a href=\"https://investorplace.com/2023/06/muln-stock-alert-mullen-automotive-adds-297-million-shares-in-a-day/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","MULN":"Mullen Automotive","QID":"纳指两倍做空ETF","PSQ":"纳指反向ETF","QQQ":"纳指100ETF","BK4099":"汽车制造商","QLD":"纳指两倍做多ETF"},"source_url":"https://investorplace.com/2023/06/muln-stock-alert-mullen-automotive-adds-297-million-shares-in-a-day/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2343995887","content_text":"Source: Sam the Leigh . Shutterstock.com\n\n\n\nOn Monday, Mullen Automotive (NASDAQ:MULN) announced it had reached a deal with its creditors to amend its Series D Preferred Stock Agreement. Under the new terms, the EV startup would provide its backers 296.9 million of common stock and pre-funded warrants for a $45 million capital injection. This replaces an agreement that offers Series D Preferred Stock and regular warrants for the money.\nTogether, this means shareholders face immediate dilution. Once the funding deal is complete, Mullen’s share count will rise from 172.5 million — based on its May 10-Q filing — to approximately 548 million if investors include a separate $20 million deal from last week. That math works out to:\n\n\n172.5 million shares from its May 12, 2023 10-Q filing\n19.5 million shares of common stock for Acuitas Capital (June 5)\nPre-funded warrants exercisable for 8 million shares of common stock for Acuitas (June 5)\nWarrants exercisable for 51 million shares of common stock for Acuitas (June 5)\n54.7 million shares of common stock (June 12)\nPre-funded warrants exercisable for 49.5 million shares of common stock (June 12)\nWarrants exercisable for 192.7 million shares of common stock (June 12)\n\nPut another way, Mullen’s shareholders have seen shares outstanding rise 3.2X in less than five weeks.\nThe firm followed up on Tuesday with a plan to increase its 2022 Equity Incentive Stock Plan by 52 million shares at its August annual meeting. It will also attempt to approve up to a 1-for-10 reverse stock split and move its charter to Maryland to give the board “the power to amend the charter of the corporation, without a stockholder vote, to increase or decrease the aggregate number of authorized shares.”\nThat bodes poorly for those who remain invested in MULN stock. The company only has until September 2023 to regain compliance with the Nasdaq’s required minimum $1 bid price, and these significant dilutions (and the potential future ability to create more) suggest the company has little chance of making that happen.\nMullen was always running on borrowed time. And the realities of its “death spiral financing” are finally catching up.\n\n\n\n\n\n\nMullen Stock: Selling $1 Bills for 43 Cents\nMullen’s June 12 financing deal highlights its reliance on a toxic method of fundraising — the use of convertible instruments to raise cash. I outline here how this form of financing creates a “death spiral” since these dilutive issuances create a negative feedback loop for share prices.\nFor every cent a stock falls below the exercise price, the amount of dilution rises exponentially. At 50 cents, Mullen would need to issue 550 million new shares ($275 million divided by a 50-cent conversion price). At 25 cents, that comes to 1.1 billion shares, and so on. These new shares then depress prices even further. Investors know that millions of new shares are coming onto the market, so they revalue existing shares accordingly. The incentives are so perverse that even creditors might become tempted to short shares of companies they own to protect from downside risk.\nThe EV firm’s most recent deal accelerates this trend. As late as last week, Mullen raised $20 million in exchange for 77.6 million new stock and equivalents. That was 25.8 cents of cash raised for every Mullen share issued.\nThe latest deal now requires the firm to hand over 296.9 million shares for a $45 million cash injection, a far worse valuation. Mullen’s stock now only generates 15.2 cents per share in this latest deal.\nFrom a cynical perspective, that means Mullen is “selling” $1 bills for 43 cents. Every 15.2 cents of stock and warrants bought by creditors can get immediately turned around for Mullen’s current market value of 35 cents, or a 0.43-to-1 profit ratio. The dilution caused by these issuances will only worsen future funding rounds.\n\n\n\n\n\n\nWhen Will Mullen Reverse Split Its Shares?\nMullen must trade above $1 for at least 10 consecutive days by Sept. 5, 2023 to regain compliance with the Nasdaq Exchange’s minimum bid price rules. A brief period of above-$1 prices last month has proved insufficient to remove Mullen from the Nasdaq’s list of non-compliant companies.\nThat means Mullen’s management must reverse-split shares again to avoid a delisting.\nIn an alternate reality, they would have already performed a reverse split. Mullen’s stock currently trades at 35 cents, so dividing shares outstanding by 10 would theoretically send prices to $3.50 — well above the $1 minimum bid price. (Nasdaq rules prohibit cumulative reverse splits of more than 1-for-250 over two years, and Mullen’s recent 1-for-25 split means it can only reverse split another 1-for-10).\nBut in practice, the company is limited by Delaware’s corporate governance rules. The state typically requires the majority of outstanding shares to approve a reverse split and Mullen’s meme status makes it difficult to reach a quorum. That means Mullen must wait until its annual meeting to approve conversion to a Maryland corporation if it plans to enact a split unilaterally.\nBy then, it could be too late. The company already faces delisting from the Russell 3000 and Russell 2000 indices later this month, and the selling pressure by funds that hold Mullen could send shares to the point where a 1-for-10 reverse split won’t achieve a $1 share price.\nMullen’s lack of meaningful revenue will also add to the concern. Though the firm expects some cash inflow from a 1,000-vehicle deal in August, the funding will likely prove insufficient to balance its budget.\n\n\n\n\n\n\nWhat Should Investors Do?\nProfit-seeking speculators can still gain through buying puts on the company’s stock. 50-cent puts expiring next month are available for as little as 23 cents, meaning that investors will profit if the stock drops below 27 cents.\nEven longer-dated puts have a high chance of paying out. Mullen’s 50-cent puts expiring in October sell for 35 cents, putting their breakeven price at 15 cents. Mullen’s stock could easily hit this level if the firm fails to meet Nasdaq listing rules.\nOf course, investors should be wary of betting too much on Mullen’s demise. Its meme potential means even the slightest bit of positive news from its upcoming Randy Marion deliveries this August could send shares skyrocketing. The high implied volatility of Mullen’s shares also means bearish options buyers face exceptionally high theta decay. But if you still hold onto MULN stock, it’s probably best to sell while you still can. According to data from Fintel.io, retail investors have already cut their positions by a third since late May. And you don’t want to be the one holding the bag in any firm going through a financing death spiral.\nAs of this writing, Tom Yeung did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\n\nTom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.\n\n\nConsumer Discretionary, Automotive, Electric Vehicles\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2023/06/muln-stock-alert-mullen-automotive-adds-297-million-shares-in-a-day/.\n©2023 InvestorPlace Media, LLC\n\n\n\n\nSponsored Headlines","news_type":1},"isVote":1,"tweetType":1,"viewCount":737,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187044829454488,"gmtCreate":1686704675265,"gmtModify":1686704679091,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Why every day drop drop till zero&nbsp;","listText":"Why every day drop drop till zero&nbsp;","text":"Why every day drop drop till zero","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187044829454488","repostId":"2343678244","repostType":2,"repost":{"id":"2343678244","kind":"highlight","pubTimestamp":1686669580,"share":"https://ttm.financial/m/news/2343678244?lang=&edition=fundamental","pubTime":"2023-06-13 23:19","market":"us","language":"en","title":"MULN Stock Alert: Mullen Announces Phenix Truck Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2343678244","media":"InvestorPlace","summary":"Mullen Automotive  will collaborate with Phenix Truck Bodies & Van Equipmentto develop a lightweight truck body for its Class 3 electric vehicle .The Class 3 EV has a range of 130 miles and a max payload of 5,802 lbs.MULN stock is down about 95% year-to-date .Mullen Automotive  stock is in the spotlight after the electric vehicle  company announced that it would begin developing a lightweight truck body for its Class 3 EV in collaboration with Phenix Truck Bodies & Van Equipment. Phenix will take on the brunt of the work and develop a “unique, light-weight body configuration designed to satisfy the needs of Class 3 service body truck fleets.”MULN Stock: Mullen Announces Class 3 Collaboration with Phenix. For those with range anxiety, Mullen Automotive Advanced Energy Solution’s  energy management module  seeks to fix that. The module was tested on Mullen’s Class 1 EV cargo van, showing a “more than 75% increase in range for a 42-kWh lithium-ion battery pack.” Mullen seeks to introduce ","content":"<html><body><div>\n<div>\n<ul><li><strong><a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a></strong> (<strong>MULN</strong>) will collaborate with <strong>Phenix Truck Bodies &amp; Van Equipment </strong>to develop a lightweight truck body for its Class 3 electric vehicle (<span>EV</span>).</li><li>The Class 3 EV has a range of 130 miles and a max payload of 5,802 lbs.</li><li>MULN stock is down about 95% year-to-date (YTD).</li></ul> </div>\n<div></div>\n<div>\n<div><img height=\"900\" src=\"https://investorplace.com/wp-content/uploads/2022/03/muln-1600.png\" width=\"1600\"/><div>Source: Ringo Chiu / Shutterstock</div></div>\n<p><strong>Mullen Automotive</strong> (NASDAQ:<strong>MULN</strong>) stock is in the spotlight after the electric vehicle (EV) company announced that it would begin developing a lightweight truck body for its Class 3 EV in collaboration with <strong>Phenix Truck Bodies &amp; Van Equipment</strong>. Phenix will take on the brunt of the work and develop a “unique, light-weight body configuration designed to satisfy the needs of Class 3 service body truck fleets.”</p>\n<p>Mullen aims to offer the finished product as an alternative to internal combustion engine (<span>ICE</span>) vehicles. Once the body is successfully up-fitted, it will be made available to Phenix’s commercial fleet customers for testing.</p>\n<p>“Phenix, in its 45-year history, has outfitted vehicles for some of the largest commercial public utility customers in the western U.S. with [a] focus on Southern California,” said Mullen CEO David Michery, “Having the opportunity to add our commercial EVs into the mix with Phenix and their large fleet business is a great step forward for our commercial business.”</p>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2>MULN Stock: Mullen Announces Class 3 Collaboration with Phenix</h2>\n<p>Phenix characterizes itself as “Southern California’s Largest And Most Complete Truck Body &amp; Van Equipment Manufacturer And Distributor.” Its long-term customers include several utility companies, such as Southern California Gas Company and Southern California Edison. This collaboration could be beneficial to Mullen if it’s able to snag one of these customers.</p>\n<p>The Class 3 EV, or Mullen THREE, has a range of 130 miles and a max payload of 5,802 lbs. The range of the vehicle seems limited, which could pose problems for potential customers. Mullen’s facility in Tunica, Mississippi will produce the vehicle, while deliveries have been forecast to begin in August and September.</p>\n<p>For those with range anxiety, <strong>Mullen Automotive Advanced Energy Solution’s</strong> (MAEO) energy management module (EMM) seeks to fix that. The module was tested on Mullen’s Class 1 EV cargo van, showing a “more than 75% increase in range for a 42-kWh lithium-ion battery pack.” Mullen seeks to introduce the EMM into all of its commercial and consumer vehicles. Few updates have been provided since the initial announcement, leading many shareholders to doubt the technological claims.</p>\n<p><em><strong>On Penny Stocks and Low-Volume Stocks: </strong>With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.</em></p>\n<p><em><strong>Read More:<u> </u></strong></em><em><u><span>Penny Stocks — How to Profit Without Getting Scammed</span></u></em></p>\n<p><i>On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </i><span><i>Publishing Guidelines</i></span><i>.<span> </span></i></p>\n<div>\n<p>Eddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace’s Today’s Market team, which centers on the latest news involving popular stocks.</p>\n</div>\n<div>\n<p>Consumer Discretionary, Automotive, Electric Vehicles</p>\n</div>\n<div>\n<p>Meme Stocks, Penny Stocks</p>\n</div>\n<div>\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n</div>\n<div>\n<div hidden=\"true\">\n<div>\n<svg fill=\"none\" height=\"32\" viewbox=\"0 0 261 32\" width=\"261\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M38.8652 7.49652H42.2492V25.7517H38.8652V7.49652ZM60.0112 7.49652H63.3142V25.7517H60.0921L50.9278 13.1733V25.7517H47.6248V7.49652H50.8469L60.0112 20.0749V7.49652ZM66.5201 7.49652H70.2279L75.4578 21.8955L80.7685 7.49652H84.3144L77.1417 25.7517H73.5957L66.5201 7.49652ZM87.4232 7.49652H100.457V10.5418H90.8072V15.0601H99.5019V18.1054H90.8072V22.7064H100.781V25.7517H87.4232V7.49652ZM113.637 10.8563C112.666 10.5253 111.872 10.3598 111.063 10.3598C110.253 10.3598 109.622 10.5253 109.136 10.8563C108.65 11.1873 108.407 11.601 108.407 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMULN Stock Alert: Mullen Announces Phenix Truck Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-06-13 23:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/06/muln-stock-alert-mullen-announces-phenix-truck-deal/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mullen Automotive (MULN) will collaborate with Phenix Truck Bodies & Van Equipment to develop a lightweight truck body for its Class 3 electric vehicle (EV).The Class 3 EV has a range of 130 miles and...</p>\n\n<a href=\"https://investorplace.com/2023/06/muln-stock-alert-mullen-announces-phenix-truck-deal/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","MULN":"Mullen Automotive","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","BK4585":"ETF&股票定投概念","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","ICE":"洲际交易所","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4588":"碎股","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","EMM":"GLOBAL X EMERGING MARKETS ETF","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4099":"汽车制造商","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","BK4112":"金融交易所和数据"},"source_url":"https://investorplace.com/2023/06/muln-stock-alert-mullen-announces-phenix-truck-deal/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2343678244","content_text":"Mullen Automotive (MULN) will collaborate with Phenix Truck Bodies & Van Equipment to develop a lightweight truck body for its Class 3 electric vehicle (EV).The Class 3 EV has a range of 130 miles and a max payload of 5,802 lbs.MULN stock is down about 95% year-to-date (YTD). \n\n\nSource: Ringo Chiu / Shutterstock\nMullen Automotive (NASDAQ:MULN) stock is in the spotlight after the electric vehicle (EV) company announced that it would begin developing a lightweight truck body for its Class 3 EV in collaboration with Phenix Truck Bodies & Van Equipment. Phenix will take on the brunt of the work and develop a “unique, light-weight body configuration designed to satisfy the needs of Class 3 service body truck fleets.”\nMullen aims to offer the finished product as an alternative to internal combustion engine (ICE) vehicles. Once the body is successfully up-fitted, it will be made available to Phenix’s commercial fleet customers for testing.\n“Phenix, in its 45-year history, has outfitted vehicles for some of the largest commercial public utility customers in the western U.S. with [a] focus on Southern California,” said Mullen CEO David Michery, “Having the opportunity to add our commercial EVs into the mix with Phenix and their large fleet business is a great step forward for our commercial business.”\n\n\n\n\n\n\nMULN Stock: Mullen Announces Class 3 Collaboration with Phenix\nPhenix characterizes itself as “Southern California’s Largest And Most Complete Truck Body & Van Equipment Manufacturer And Distributor.” Its long-term customers include several utility companies, such as Southern California Gas Company and Southern California Edison. This collaboration could be beneficial to Mullen if it’s able to snag one of these customers.\nThe Class 3 EV, or Mullen THREE, has a range of 130 miles and a max payload of 5,802 lbs. The range of the vehicle seems limited, which could pose problems for potential customers. Mullen’s facility in Tunica, Mississippi will produce the vehicle, while deliveries have been forecast to begin in August and September.\nFor those with range anxiety, Mullen Automotive Advanced Energy Solution’s (MAEO) energy management module (EMM) seeks to fix that. The module was tested on Mullen’s Class 1 EV cargo van, showing a “more than 75% increase in range for a 42-kWh lithium-ion battery pack.” Mullen seeks to introduce the EMM into all of its commercial and consumer vehicles. Few updates have been provided since the initial announcement, leading many shareholders to doubt the technological claims.\nOn Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.\nRead More: Penny Stocks — How to Profit Without Getting Scammed\nOn the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. \n\nEddie Pan specializes in institutional investments and insider activity. He writes for InvestorPlace’s Today’s Market team, which centers on the latest news involving popular stocks.\n\n\nConsumer Discretionary, Automotive, Electric Vehicles\n\n\nMeme Stocks, Penny Stocks\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2023/06/muln-stock-alert-mullen-announces-phenix-truck-deal/.\n©2023 InvestorPlace Media, LLC\n\n\n\n\nSponsored Headlines","news_type":1},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9947259475,"gmtCreate":1683214099098,"gmtModify":1683214104192,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a>","text":"$Mullen Automotive(MULN)$","images":[{"img":"https://community-static.tradeup.com/news/769870ccd7005184e92c10234880be06","width":"1125","height":"2196"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947259475","isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9947200018,"gmtCreate":1683133767835,"gmtModify":1683133771387,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Bad news&nbsp;","listText":"Bad news&nbsp;","text":"Bad news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947200018","repostId":"2332745089","repostType":2,"repost":{"id":"2332745089","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1683132600,"share":"https://ttm.financial/m/news/2332745089?lang=&edition=fundamental","pubTime":"2023-05-04 00:50","market":"hk","language":"en","title":"Press Release: Mullen Automotive Inc. Announces 1-for 25 Reverse Stock Split effective May 4, 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2332745089","media":"Dow Jones","summary":"Mullen Automotive Inc. Announces 1-for 25 Reverse Stock Split effective May 4, 2023 \n\n\n  BREA, Calif","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  <a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a> Inc. Announces 1-for 25 Reverse Stock Split effective May 4, 2023 \n</p>\n<p>\n  BREA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (\"Mullen\" or the \"Company\"), an emerging electric vehicle manufacturer, announced today that it will effect a 1-for-25 reverse stock split (\"Reverse Stock Split\") of its common stock, par value $0.001 per share (\"Common Stock\"), that will become effective on May 4, 2023, at 12:01 a.m., Eastern Time. Mullen's Common Stock will continue to trade on The Nasdaq Capital Market (\"Nasdaq\") under the existing symbol \"MULN\" and will begin trading on a split-adjusted basis when the market opens on May 4, 2023. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P 208. \n</p>\n<p>\n  The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq.  There is no guarantee the Company will meet the minimum bid price requirement. \n</p>\n<p>\n  At the Company's reconvened Special Meeting of Stockholders held on January 19, 2023, the Company's stockholders approved a proposal to authorize a reverse stock split of the Company's Common Stock, at a ratio within the range of 1-for-2 to 1-for-25. The Company's board of directors approved a 1-for-25 reverse split ratio, and on May 3, 2023, the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split effective May 4, 2023. \n</p>\n<p>\n  The 1-for-25 reverse stock split will automatically combine and convert 25 current shares of the Company's Common Stock into one issued and outstanding share of Common Stock. Proportional adjustments also will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the Company's stock incentive plans and certain existing agreements. The Reverse Stock Split will not change the par value of the Common Stock nor the authorized number of shares of Common Stock, preferred stock or any series of preferred stock. \n</p>\n<p>\n  No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up to the nearest whole share. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity (other than as a result of the rounding of shares to the nearest whole share in lieu of issuing fractional shares). \n</p>\n<p>\n  The Company's transfer agent, Continental Stock Transfer &amp; Trust Company, will serve as exchange agent for the Reverse Stock Split. Registered stockholders holding pre-split shares of the Company's Common Stock electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker's particular processes, and will not be required to take any action in connect with the Reverse Stock Split. \n</p>\n<p>\n  About Mullen \n</p>\n<p>\n  Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (\"EVs\") that will be manufactured in two Company-owned United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen Commercial Class 1 and 3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (\"ELMS\") assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. \n</p>\n<p>\n  To learn more about the Company, visit www.MullenUSA.com. \n</p>\n<p>\n  Forward-Looking Statements \n</p>\n<p>\n  Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as \"continue,\" \"will,\" \"may,\" \"could,\" \"should,\" \"expect,\" \"expected,\" \"plans,\" \"intend,\" \"anticipate,\" \"believe,\" \"estimate,\" \"predict,\" \"potential\" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to how Mullen's stock will perform after the reverse stock split, Mullen's ability to timely implement the Reverse Stock Split, the success of the Reverse Stock Split, and Mullen's ability to regain compliance with the Nasdaq Listing standards. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date. \n</p>\n<p>\n  Contact: \n</p>\n<p>\n  Mullen Automotive Inc. \n</p>\n<p>\n  +1 (714) 613-1900 \n</p>\n<p>\n  www.MullenUSA.com \n</p>\n<p>\n  Corporate Communications: \n</p>\n<p>\n  InvestorBrandNetwork <a href=\"https://laohu8.com/S/IBN\">$(IBN)$</a> \n</p>\n<p>\n  Los Angeles, California \n</p>\n<p>\n  www.InvestorBrandNetwork.com \n</p>\n<p>\n  310.299.1717 Office \n</p>\n<p>\n  Editor@InvestorBrandNetwork.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 03, 2023 12:50 ET (16:50 GMT)\n</p>\n</font>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: Mullen Automotive Inc. Announces 1-for 25 Reverse Stock Split effective May 4, 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: Mullen Automotive Inc. Announces 1-for 25 Reverse Stock Split effective May 4, 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-05-04 00:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  <a href=\"https://laohu8.com/S/MULN\">Mullen Automotive</a> Inc. Announces 1-for 25 Reverse Stock Split effective May 4, 2023 \n</p>\n<p>\n  BREA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (\"Mullen\" or the \"Company\"), an emerging electric vehicle manufacturer, announced today that it will effect a 1-for-25 reverse stock split (\"Reverse Stock Split\") of its common stock, par value $0.001 per share (\"Common Stock\"), that will become effective on May 4, 2023, at 12:01 a.m., Eastern Time. Mullen's Common Stock will continue to trade on The Nasdaq Capital Market (\"Nasdaq\") under the existing symbol \"MULN\" and will begin trading on a split-adjusted basis when the market opens on May 4, 2023. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P 208. \n</p>\n<p>\n  The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq.  There is no guarantee the Company will meet the minimum bid price requirement. \n</p>\n<p>\n  At the Company's reconvened Special Meeting of Stockholders held on January 19, 2023, the Company's stockholders approved a proposal to authorize a reverse stock split of the Company's Common Stock, at a ratio within the range of 1-for-2 to 1-for-25. The Company's board of directors approved a 1-for-25 reverse split ratio, and on May 3, 2023, the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split effective May 4, 2023. \n</p>\n<p>\n  The 1-for-25 reverse stock split will automatically combine and convert 25 current shares of the Company's Common Stock into one issued and outstanding share of Common Stock. Proportional adjustments also will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the Company's stock incentive plans and certain existing agreements. The Reverse Stock Split will not change the par value of the Common Stock nor the authorized number of shares of Common Stock, preferred stock or any series of preferred stock. \n</p>\n<p>\n  No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up to the nearest whole share. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity (other than as a result of the rounding of shares to the nearest whole share in lieu of issuing fractional shares). \n</p>\n<p>\n  The Company's transfer agent, Continental Stock Transfer &amp; Trust Company, will serve as exchange agent for the Reverse Stock Split. Registered stockholders holding pre-split shares of the Company's Common Stock electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker's particular processes, and will not be required to take any action in connect with the Reverse Stock Split. \n</p>\n<p>\n  About Mullen \n</p>\n<p>\n  Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (\"EVs\") that will be manufactured in two Company-owned United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen Commercial Class 1 and 3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (\"ELMS\") assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. \n</p>\n<p>\n  To learn more about the Company, visit www.MullenUSA.com. \n</p>\n<p>\n  Forward-Looking Statements \n</p>\n<p>\n  Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as \"continue,\" \"will,\" \"may,\" \"could,\" \"should,\" \"expect,\" \"expected,\" \"plans,\" \"intend,\" \"anticipate,\" \"believe,\" \"estimate,\" \"predict,\" \"potential\" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to how Mullen's stock will perform after the reverse stock split, Mullen's ability to timely implement the Reverse Stock Split, the success of the Reverse Stock Split, and Mullen's ability to regain compliance with the Nasdaq Listing standards. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date. \n</p>\n<p>\n  Contact: \n</p>\n<p>\n  Mullen Automotive Inc. \n</p>\n<p>\n  +1 (714) 613-1900 \n</p>\n<p>\n  www.MullenUSA.com \n</p>\n<p>\n  Corporate Communications: \n</p>\n<p>\n  InvestorBrandNetwork <a href=\"https://laohu8.com/S/IBN\">$(IBN)$</a> \n</p>\n<p>\n  Los Angeles, California \n</p>\n<p>\n  www.InvestorBrandNetwork.com \n</p>\n<p>\n  310.299.1717 Office \n</p>\n<p>\n  Editor@InvestorBrandNetwork.com \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 03, 2023 12:50 ET (16:50 GMT)\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4535":"淡马锡持仓","MULN":"Mullen Automotive","QQQ":"纳指100ETF","BOLT":"Bolt Biotherapeutics, Inc.","LU0066902890.USD":"HSBC GIF INDIAN EQUITY \"AD\" (USD) INC","CRCT":"Cricut, Inc.","BK4588":"碎股","TERN":"Terns Pharmaceuticals, Inc.","QID":"纳指两倍做空ETF","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","BK4207":"综合性银行","BK4099":"汽车制造商","IBN":"印度工业信贷投资银行","TQQQ":"纳指三倍做多ETF","BK4548":"巴美列捷福持仓","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF",".IXIC":"NASDAQ Composite","BK4585":"ETF&股票定投概念","BK4523":"印度概念","BK4139":"生物科技","SQQQ":"纳指三倍做空ETF"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2332745089","content_text":"Mullen Automotive Inc. Announces 1-for 25 Reverse Stock Split effective May 4, 2023 \n\n\n  BREA, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive Inc. (NASDAQ: MULN) (\"Mullen\" or the \"Company\"), an emerging electric vehicle manufacturer, announced today that it will effect a 1-for-25 reverse stock split (\"Reverse Stock Split\") of its common stock, par value $0.001 per share (\"Common Stock\"), that will become effective on May 4, 2023, at 12:01 a.m., Eastern Time. Mullen's Common Stock will continue to trade on The Nasdaq Capital Market (\"Nasdaq\") under the existing symbol \"MULN\" and will begin trading on a split-adjusted basis when the market opens on May 4, 2023. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 62526P 208. \n\n\n  The Reverse Stock Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq.  There is no guarantee the Company will meet the minimum bid price requirement. \n\n\n  At the Company's reconvened Special Meeting of Stockholders held on January 19, 2023, the Company's stockholders approved a proposal to authorize a reverse stock split of the Company's Common Stock, at a ratio within the range of 1-for-2 to 1-for-25. The Company's board of directors approved a 1-for-25 reverse split ratio, and on May 3, 2023, the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation to effect the Reverse Stock Split effective May 4, 2023. \n\n\n  The 1-for-25 reverse stock split will automatically combine and convert 25 current shares of the Company's Common Stock into one issued and outstanding share of Common Stock. Proportional adjustments also will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the Company's stock incentive plans and certain existing agreements. The Reverse Stock Split will not change the par value of the Common Stock nor the authorized number of shares of Common Stock, preferred stock or any series of preferred stock. \n\n\n  No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up to the nearest whole share. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity (other than as a result of the rounding of shares to the nearest whole share in lieu of issuing fractional shares). \n\n\n  The Company's transfer agent, Continental Stock Transfer & Trust Company, will serve as exchange agent for the Reverse Stock Split. Registered stockholders holding pre-split shares of the Company's Common Stock electronically in book-entry form are not required to take any action to receive post-split shares. Stockholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such broker's particular processes, and will not be required to take any action in connect with the Reverse Stock Split. \n\n\n  About Mullen \n\n\n  Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of electric vehicles (\"EVs\") that will be manufactured in two Company-owned United States-based assembly plants. Mullen's EV development portfolio includes the Mullen FIVE EV Crossover, Mullen Commercial Class 1 and 3 EVs and Bollinger Motors, which features both the B1 and B2 electric SUV trucks and Class 4-6 commercial offerings. On Sept. 7, 2022, Bollinger Motors became a majority-owned EV truck company of Mullen Automotive, and on Dec. 1, 2022, Mullen closed on the acquisition of all of Electric Last Mile Solutions' (\"ELMS\") assets, including all IP and a 650,000-square-foot plant in Mishawaka, Indiana. \n\n\n  To learn more about the Company, visit www.MullenUSA.com. \n\n\n  Forward-Looking Statements \n\n\n  Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as \"continue,\" \"will,\" \"may,\" \"could,\" \"should,\" \"expect,\" \"expected,\" \"plans,\" \"intend,\" \"anticipate,\" \"believe,\" \"estimate,\" \"predict,\" \"potential\" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to how Mullen's stock will perform after the reverse stock split, Mullen's ability to timely implement the Reverse Stock Split, the success of the Reverse Stock Split, and Mullen's ability to regain compliance with the Nasdaq Listing standards. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date. \n\n\n  Contact: \n\n\n  Mullen Automotive Inc. \n\n\n  +1 (714) 613-1900 \n\n\n  www.MullenUSA.com \n\n\n  Corporate Communications: \n\n\n  InvestorBrandNetwork $(IBN)$\n\n\n  Los Angeles, California \n\n\n  www.InvestorBrandNetwork.com \n\n\n  310.299.1717 Office \n\n\n  Editor@InvestorBrandNetwork.com \n\n\n  (END) Dow Jones Newswires\n\n\n  May 03, 2023 12:50 ET (16:50 GMT)","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9999562115,"gmtCreate":1660555446541,"gmtModify":1676534427591,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/CSSE\">$Chicken Soup For The Soul Entertainment Inc.(CSSE)$</a>ii never buy this share, I bought ?suspens?end up like this[Cry]&nbsp;[Facepalm]&nbsp;","listText":"<a href=\"https://ttm.financial/S/CSSE\">$Chicken Soup For The Soul Entertainment Inc.(CSSE)$</a>ii never buy this share, I bought ?suspens?end up like this[Cry]&nbsp;[Facepalm]&nbsp;","text":"$Chicken Soup For The Soul Entertainment Inc.(CSSE)$ii never buy this share, I bought ?suspens?end up like this[Cry] [Facepalm]","images":[{"img":"https://community-static.tradeup.com/news/fbb0ac8913fe47717b5ce14c88894341","width":"1080","height":"1920"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":21,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999562115","isVote":1,"tweetType":1,"viewCount":1286,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9954535199,"gmtCreate":1676454899711,"gmtModify":1676454903403,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/VLDR\">$Velodyne Lidar Inc(VLDR)$&nbsp;</a>Hi I am holding vldr stocks, now suspended! What will be happen to my stocks? Anyone can answer 🙏thanks&nbsp;","listText":"<a href=\"https://ttm.financial/S/VLDR\">$Velodyne Lidar Inc(VLDR)$&nbsp;</a>Hi I am holding vldr stocks, now suspended! What will be happen to my stocks? Anyone can answer 🙏thanks&nbsp;","text":"$Velodyne Lidar Inc(VLDR)$ Hi I am holding vldr stocks, now suspended! What will be happen to my stocks? Anyone can answer 🙏thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9954535199","isVote":1,"tweetType":1,"viewCount":1371,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572055614914535","authorId":"3572055614914535","name":"Ychia1761","avatar":"https://static.tigerbbs.com/86fc697237da30bd6102449174caafb8","crmLevel":2,"crmLevelSwitch":0,"idStr":"3572055614914535","authorIdStr":"3572055614914535"},"content":"What happened to this stock? Stop experiencing","text":"What happened to this stock? Stop experiencing","html":"What happened to this stock? Stop experiencing"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899985296,"gmtCreate":1628152115515,"gmtModify":1703502165758,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FSLY\">$Fastly, Inc.(FSLY)$</a>anything go down wil come up again, just hold it and average it","listText":"<a href=\"https://laohu8.com/S/FSLY\">$Fastly, Inc.(FSLY)$</a>anything go down wil come up again, just hold it and average it","text":"$Fastly, Inc.(FSLY)$anything go down wil come up again, just hold it and average it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/899985296","isVote":1,"tweetType":1,"viewCount":2041,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574823700698255","authorId":"3574823700698255","name":"starry123","avatar":"https://static.tigerbbs.com/87d54ddf9f429d363c691c937e6c97a4","crmLevel":5,"crmLevelSwitch":1,"idStr":"3574823700698255","authorIdStr":"3574823700698255"},"content":"thanks I need this haha","text":"thanks I need this haha","html":"thanks I need this haha"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045159192,"gmtCreate":1656582795816,"gmtModify":1676535857996,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BBIG\">$Vinco Ventures, Inc.(BBIG)$</a>dont really understand, means that we own both bbig shares too? Can we trade bbig shares?","listText":"<a href=\"https://ttm.financial/S/BBIG\">$Vinco Ventures, Inc.(BBIG)$</a>dont really understand, means that we own both bbig shares too? Can we trade bbig shares?","text":"$Vinco Ventures, Inc.(BBIG)$dont really understand, means that we own both bbig shares too? Can we trade bbig shares?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045159192","isVote":1,"tweetType":1,"viewCount":1263,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577186234531628","authorId":"3577186234531628","name":"BurstSeed","avatar":"https://static.tigerbbs.com/38a0a44494d7f14ff4c51bf097d5387c","crmLevel":2,"crmLevelSwitch":0,"idStr":"3577186234531628","authorIdStr":"3577186234531628"},"content":"BBIG will open today with $1.34 ($1.97-$0.63). Thats why TYDE open at $6.30 premarket. But why the fk become $3+ cos some MM do a sell off causing it to drop. We should hold TYDE !!","text":"BBIG will open today with $1.34 ($1.97-$0.63). Thats why TYDE open at $6.30 premarket. But why the fk become $3+ cos some MM do a sell off causing it to drop. We should hold TYDE !!","html":"BBIG will open today with $1.34 ($1.97-$0.63). Thats why TYDE open at $6.30 premarket. But why the fk become $3+ cos some MM do a sell off causing it to drop. We should hold TYDE !!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942747160,"gmtCreate":1681314921150,"gmtModify":1681314924546,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":15,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942747160","repostId":"2326492479","repostType":4,"repost":{"id":"2326492479","kind":"highlight","pubTimestamp":1681312358,"share":"https://ttm.financial/m/news/2326492479?lang=&edition=fundamental","pubTime":"2023-04-12 23:12","market":"us","language":"en","title":"Elon Musk Complains about Selling Tesla Stock to Buy Twitter","url":"https://stock-news.laohu8.com/highlight/detail?id=2326492479","media":"Markets Insider","summary":"Elon Musk said he only sold Tesla stock because it was \"desperately needed\" for the Twitter deal. Th","content":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b42a31eb7dcd40e25b0d2f2353becacb\" tg-width=\"700\" tg-height=\"525\"/></p><ul><li><p>Elon Musk said he only sold Tesla stock because it was &#34;desperately needed&#34; for the Twitter deal. </p></li><li><p>The billionaire owner told the BBC that he sold Tesla stock even though he didn&#39;t want to.</p></li><li><p>When directly asked how much he is worth, Musk replied: &#34;I don&#39;t know.&#34; </p></li></ul><p>Elon Musk said he sold Tesla stock only because it was &#34;desperately needed&#34; to complete his Twitter deal - and claimed that he doesn&#39;t know his net worth, in an impromptu interview with the BBC late Tuesday night.</p><p>&#34;I sold a lot of Tesla stock to close this deal. I did not want to sell the Tesla stock,&#34; Musk told BBC correspondent James Clayton at Twitter&#39;s headquarters. </p><p>&#34;People couldn&#39;t parse the difference between &#39;I&#39;m selling Tesla stock because I&#39;ve lost faith in Tesla,&#39; which I haven&#39;t, or that it&#39;s desperately needed for Twitter,&#34; he said. </p><p>Musk sold about $23 billion worth of Tesla stock last year, largely to finance his $44 billion Twitter purchase. </p><p>He said that there are only &#34;brief windows&#34; where he can sell his Tesla stock, adding that such sales are often wrongly perceived as him lacking confidence in his electric-vehicle company. </p><p>&#34;The Tesla stock sales caused the Tesla stock to plummet, which is not good,&#34; he said. </p><p>Tesla shares sank 65% in 2022, but have rallied 52% to $187 this year. They still trade well below their peak price of over $400 in November 2021.</p><p>The stock represents a significant chunk of Musk&#39;s estimated $181 billion fortune as of Wednesday.</p><p>When he was directly asked how much he is worth, the Tesla, Twitter, and SpaceX CEO replied: &#34;I don&#39;t know.&#34; </p></body></html>","source":"marketsinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Complains about Selling Tesla Stock to Buy Twitter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Complains about Selling Tesla Stock to Buy Twitter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-12 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/elon-musk-sell-tesla-stock-buy-twitter-deal-net-worth-2023-4><strong>Markets Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk said he only sold Tesla stock because it was \"desperately needed\" for the Twitter deal. The billionaire owner told the BBC that he sold Tesla stock even though he didn't want to.When ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/elon-musk-sell-tesla-stock-buy-twitter-deal-net-worth-2023-4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4516":"特朗普概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4585":"ETF&股票定投概念","TWTR":"Twitter","BK4534":"瑞士信贷持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4508":"社交媒体","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4527":"明星科技股","LU2063271972.USD":"富兰克林创新领域基金","TSLA":"特斯拉","BK4077":"互动媒体与服务","BK4550":"红杉资本持仓","BK4579":"人工智能","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4551":"寇图资本持仓","BK4574":"无人驾驶","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BK4581":"高盛持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4099":"汽车制造商","BK4511":"特斯拉概念","BK4548":"巴美列捷福持仓"},"source_url":"https://markets.businessinsider.com/news/stocks/elon-musk-sell-tesla-stock-buy-twitter-deal-net-worth-2023-4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2326492479","content_text":"Elon Musk said he only sold Tesla stock because it was \"desperately needed\" for the Twitter deal. The billionaire owner told the BBC that he sold Tesla stock even though he didn't want to.When directly asked how much he is worth, Musk replied: \"I don't know.\" Elon Musk said he sold Tesla stock only because it was \"desperately needed\" to complete his Twitter deal - and claimed that he doesn't know his net worth, in an impromptu interview with the BBC late Tuesday night.\"I sold a lot of Tesla stock to close this deal. I did not want to sell the Tesla stock,\" Musk told BBC correspondent James Clayton at Twitter's headquarters. \"People couldn't parse the difference between 'I'm selling Tesla stock because I've lost faith in Tesla,' which I haven't, or that it's desperately needed for Twitter,\" he said. Musk sold about $23 billion worth of Tesla stock last year, largely to finance his $44 billion Twitter purchase. He said that there are only \"brief windows\" where he can sell his Tesla stock, adding that such sales are often wrongly perceived as him lacking confidence in his electric-vehicle company. \"The Tesla stock sales caused the Tesla stock to plummet, which is not good,\" he said. Tesla shares sank 65% in 2022, but have rallied 52% to $187 this year. They still trade well below their peak price of over $400 in November 2021.The stock represents a significant chunk of Musk's estimated $181 billion fortune as of Wednesday.When he was directly asked how much he is worth, the Tesla, Twitter, and SpaceX CEO replied: \"I don't know.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202819930964144,"gmtCreate":1690545940924,"gmtModify":1690545943662,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a>Every day drop drop drop , lousy management!","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$&nbsp;</a>Every day drop drop drop , lousy management!","text":"$Mullen Automotive(MULN)$ Every day drop drop drop , lousy management!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202819930964144","isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942388002,"gmtCreate":1681135545507,"gmtModify":1681135550874,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942388002","repostId":"1115200718","repostType":2,"repost":{"id":"1115200718","kind":"news","pubTimestamp":1681135258,"share":"https://ttm.financial/m/news/1115200718?lang=&edition=fundamental","pubTime":"2023-04-10 22:00","market":"us","language":"en","title":"Top Calls on Wall Street:  Block, McDonald's, Warner Bros. and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1115200718","media":"TheFly","summary":"Top 5 Upgrades:Stifel upgraded NetApp (NTAP) to Buy from Hold with an unchanged price target of $75 ","content":"<html><head></head><body><p><strong>Top 5 Upgrades:</strong></p><ul><li><p>Stifel upgraded <strong>NetApp</strong> (NTAP) to Buy from Hold with an unchanged price target of $75 after meeting with management. NetApp pointed to several company-specific initiatives and catalysts that should help boost margins and earnings in coming quarters, regardless of how the macro environment plays out, the analyst tells investors in a research note.</p></li><li><p>Northcoast upgraded <strong>McDonald&#39;s</strong> (MCD) to Buy from Neutral with a $321 price target.</p></li><li><p>Susquehanna upgraded <strong>TFI International</strong> (TFII) to Positive from Neutral with a price target of $135, down from $138. The firm says its upgrade is &#34;not a call on the quarter,&#34; noting that its Q1 EPS estimates is 4% below consensus and that it sees risk of a full year guidance cut.</p></li><li><p>JPMorgan upgraded <strong>Northern Trust</strong> (NTRS) to Neutral from Underweight with a price target of $96.50, down from $97. The company should benefit from the recent banking sector turmoil through gaining deposits in its wealth management business.</p></li><li><p>UBS upgraded <strong>Western Union</strong> (WU) to Neutral from Sell following a 20% year-to-date stock decline. In the near-term, revenue growth will likely continue to be pressured by a difficult competitive environment and promotional pricing, but a recent recovery in digital transaction growth and stronger customer retention suggests Western Union may still generate revenue within its guided 2023 range of down 2%-4%, the analyst tells investors.</p></li></ul><p><strong>Top 5 Downgrades:</strong></p><ul><li><p>Keefe Bruyette downgraded <strong>Block</strong> (SQ) to Market Perform from Outperform with a price target of $75, down from $90. Block is facing a &#34;growing number of risks&#34; that will keep investors out of the name over the next year, primarily around rising competition in acquiring, and potential for regulatory scrutiny in Cash App, the analyst tells investors in a research note.</p></li><li><p>Goldman Sachs removed <strong>Norfolk Southern </strong>(NSC) from the firm&#39;s Conviction List but keeps a Buy rating on the shares with a price target of $257, down from $266. While the $10B in lost market cap since the Norfolk Southern derailment on February 3 could already be reflected in the share price, the company faces uncertainty surrounding the &#34;all-in&#34; legal ramifications, potential fines, lawsuits, and capex pressures due to possible increased regulatory pressure to add safety equipment and technology.</p></li><li><p>RBC Capital downgraded <strong>Incyte</strong> (INCY) to Sector Perform from Outperform with a price target of $79, down from $81. RBC&#39;s physician survey indicates that appetite for novel JAK inhibitors that could compete with Incyte&#39;s Jakafi may be higher than expected and moderate its medium-term growth, the analyst tells investors.</p></li><li><p>Evercore ISI downgraded <strong>Essex Property Trust </strong>(ESS) to In Line from Outperform with a price target of $236, down from $243. The firm didn&#39;t make any material changes to revenue or NOI growth across the apartment or single-family rental space as part of its Q1 residential REIT preview note, but it is downgrading Essex to In Line given adverse regulatory changes and additional tech job losses.</p></li><li><p>HSBC downgraded <strong>America Movil</strong> (AMX) to Hold from Buy with a price target of $21.50, down from $22.50. The analyst says fixed segment weakness &#34;tempers&#34; the mobile positivity in Mexico and Brazil.</p></li></ul><p><strong>Top 5 Initiations:</strong></p><ul><li><p>BTIG initiated coverage of <strong>GE HealthCare</strong> (GEHC) with a Neutral rating and no price target. With the shares up 34% since the spinoff, the firm sees &#34;limited room for upside.&#34; GE HealthCare&#39;s organic growth in fiscal 2022 came out to 7.3% year-over-year, but on the back of an easier compare, the analyst tells investors in a research note.</p></li><li><p>Truist initiated coverage of <strong>Warner Bros. Discovery</strong> (WBD) with a Buy rating and $19 price target. The firm expects the HBO Max relaunch to drive renewed subscriber and average revenue per user momentum and for the company&#39;s multi-year deleveraging to support the equity value.</p></li><li><p>Seibert Williams initiated coverage of <strong>Southwestern Energy</strong> (SWN) with a Hold rating and $6 price target. Deals have made Southwestern among the largest domestic natural gas producers with critical scale in both Appalachia and the Haynesville shale, but these deals have left the company with above average net-debt/EBITDA leverage and &#34;disadvantaged legacy hedges,&#34; said the firm.</p></li><li><p>Wedbush initiated coverage of <strong>Rallybio</strong> (RLYB) with an Outperform rating and $17 price target. The firm sees Rallybio holding a unique mix of differentiated assets and experienced management team that can execute on strategic goals and initiatives, the analyst tells investors in a research note.</p></li><li><p>JMP Securities initiated coverage of <strong>Ribbon Communications</strong> (RBBN) with an Outperform rating and $6 price target. The company is strategically positioned to benefit from several catalysts, such as the build-out of 5G networks and the modernization of legacy carrier networks, the analyst tells investors in a research note.</p></li></ul></body></html>","source":"lsy1666364704704","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Calls on Wall Street:  Block, McDonald's, Warner Bros. and More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop Calls on Wall Street:  Block, McDonald's, Warner Bros. and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-10 22:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3692083&headline=NTAP;MCD;TFII;SQ;NSC;INCY;GEHC;WBD;NTRS;SWN;WU;ESS;AMX;RLYB;RBBN-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic><strong>TheFly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:Stifel upgraded NetApp (NTAP) to Buy from Hold with an unchanged price target of $75 after meeting with management. NetApp pointed to several company-specific initiatives and catalysts ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3692083&headline=NTAP;MCD;TFII;SQ;NSC;INCY;GEHC;WBD;NTRS;SWN;WU;ESS;AMX;RLYB;RBBN-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCD":"麦当劳","SQ":"Block","WBD":"Warner Bros. Discovery"},"source_url":"https://thefly.com/landingPageNews.php?id=3692083&headline=NTAP;MCD;TFII;SQ;NSC;INCY;GEHC;WBD;NTRS;SWN;WU;ESS;AMX;RLYB;RBBN-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations&utm_source=https://thefly.com/&utm_medium=referral&utm_campaign=referral_traffic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115200718","content_text":"Top 5 Upgrades:Stifel upgraded NetApp (NTAP) to Buy from Hold with an unchanged price target of $75 after meeting with management. NetApp pointed to several company-specific initiatives and catalysts that should help boost margins and earnings in coming quarters, regardless of how the macro environment plays out, the analyst tells investors in a research note.Northcoast upgraded McDonald's (MCD) to Buy from Neutral with a $321 price target.Susquehanna upgraded TFI International (TFII) to Positive from Neutral with a price target of $135, down from $138. The firm says its upgrade is \"not a call on the quarter,\" noting that its Q1 EPS estimates is 4% below consensus and that it sees risk of a full year guidance cut.JPMorgan upgraded Northern Trust (NTRS) to Neutral from Underweight with a price target of $96.50, down from $97. The company should benefit from the recent banking sector turmoil through gaining deposits in its wealth management business.UBS upgraded Western Union (WU) to Neutral from Sell following a 20% year-to-date stock decline. In the near-term, revenue growth will likely continue to be pressured by a difficult competitive environment and promotional pricing, but a recent recovery in digital transaction growth and stronger customer retention suggests Western Union may still generate revenue within its guided 2023 range of down 2%-4%, the analyst tells investors.Top 5 Downgrades:Keefe Bruyette downgraded Block (SQ) to Market Perform from Outperform with a price target of $75, down from $90. Block is facing a \"growing number of risks\" that will keep investors out of the name over the next year, primarily around rising competition in acquiring, and potential for regulatory scrutiny in Cash App, the analyst tells investors in a research note.Goldman Sachs removed Norfolk Southern (NSC) from the firm's Conviction List but keeps a Buy rating on the shares with a price target of $257, down from $266. While the $10B in lost market cap since the Norfolk Southern derailment on February 3 could already be reflected in the share price, the company faces uncertainty surrounding the \"all-in\" legal ramifications, potential fines, lawsuits, and capex pressures due to possible increased regulatory pressure to add safety equipment and technology.RBC Capital downgraded Incyte (INCY) to Sector Perform from Outperform with a price target of $79, down from $81. RBC's physician survey indicates that appetite for novel JAK inhibitors that could compete with Incyte's Jakafi may be higher than expected and moderate its medium-term growth, the analyst tells investors.Evercore ISI downgraded Essex Property Trust (ESS) to In Line from Outperform with a price target of $236, down from $243. The firm didn't make any material changes to revenue or NOI growth across the apartment or single-family rental space as part of its Q1 residential REIT preview note, but it is downgrading Essex to In Line given adverse regulatory changes and additional tech job losses.HSBC downgraded America Movil (AMX) to Hold from Buy with a price target of $21.50, down from $22.50. The analyst says fixed segment weakness \"tempers\" the mobile positivity in Mexico and Brazil.Top 5 Initiations:BTIG initiated coverage of GE HealthCare (GEHC) with a Neutral rating and no price target. With the shares up 34% since the spinoff, the firm sees \"limited room for upside.\" GE HealthCare's organic growth in fiscal 2022 came out to 7.3% year-over-year, but on the back of an easier compare, the analyst tells investors in a research note.Truist initiated coverage of Warner Bros. Discovery (WBD) with a Buy rating and $19 price target. The firm expects the HBO Max relaunch to drive renewed subscriber and average revenue per user momentum and for the company's multi-year deleveraging to support the equity value.Seibert Williams initiated coverage of Southwestern Energy (SWN) with a Hold rating and $6 price target. Deals have made Southwestern among the largest domestic natural gas producers with critical scale in both Appalachia and the Haynesville shale, but these deals have left the company with above average net-debt/EBITDA leverage and \"disadvantaged legacy hedges,\" said the firm.Wedbush initiated coverage of Rallybio (RLYB) with an Outperform rating and $17 price target. The firm sees Rallybio holding a unique mix of differentiated assets and experienced management team that can execute on strategic goals and initiatives, the analyst tells investors in a research note.JMP Securities initiated coverage of Ribbon Communications (RBBN) with an Outperform rating and $6 price target. The company is strategically positioned to benefit from several catalysts, such as the build-out of 5G networks and the modernization of legacy carrier networks, the analyst tells investors in a research note.","news_type":1},"isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906623930,"gmtCreate":1659537200223,"gmtModify":1705981369221,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BBIG\">$Vinco Ventures, Inc.(BBIG)$</a>NO HOPE?","listText":"<a href=\"https://ttm.financial/S/BBIG\">$Vinco Ventures, Inc.(BBIG)$</a>NO HOPE?","text":"$Vinco Ventures, Inc.(BBIG)$NO HOPE?","images":[{"img":"https://community-static.tradeup.com/news/4688b58ba5ba82b981a70985ea11edcb","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9906623930","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577186234531628","authorId":"3577186234531628","name":"BurstSeed","avatar":"https://static.tigerbbs.com/38a0a44494d7f14ff4c51bf097d5387c","crmLevel":2,"crmLevelSwitch":0,"idStr":"3577186234531628","authorIdStr":"3577186234531628"},"content":"Hang on for me","text":"Hang on for me","html":"Hang on for me"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9044999956,"gmtCreate":1656686280275,"gmtModify":1676535877074,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a>wwhy drop","listText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a>wwhy drop","text":"$Semiconductor Bull 3X Shares(SOXL)$wwhy drop","images":[{"img":"https://community-static.tradeup.com/news/38cc53524c65b882e7cc15cdb48473a8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044999956","isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9942388826,"gmtCreate":1681135634165,"gmtModify":1681135637460,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Buy more","listText":"Buy more","text":"Buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942388826","repostId":"1187260837","repostType":4,"repost":{"id":"1187260837","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1681133738,"share":"https://ttm.financial/m/news/1187260837?lang=&edition=fundamental","pubTime":"2023-04-10 21:35","market":"us","language":"en","title":"Tesla's Stock Slumped 4% after Slowing in China Auto Sales in March","url":"https://stock-news.laohu8.com/highlight/detail?id=1187260837","media":"Tiger Newspress","summary":"Tesla's stock slumped 4% after slowing in China auto sales in March.Tesla's stock sank 10.8% over th","content":"<html><head></head><body><p>Tesla&#39;s stock slumped 4% after slowing in China auto sales in March.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cb7799c1b6ea9207f9ac2f0d948ea76e\" tg-width=\"826\" tg-height=\"839\"/></p>Tesla&#39;s stock sank 10.8% over the past four sessions, and a fifth straight loss would represent the longest losing streak since the seven-day loss streak that ended Dec. 27, 2022.<p></p><p>The China Passenger Car Association said overnight that passenger cars sold in China in March rose 0.3% to 1.59 million, compared with 10.4% growth in February, according to a Dow Jones Newswires report.</p><p>Sales for the first quarter dropped 13.4% from a year ago, as January sales plunged 38%, the report said. Tesla recorded $18.15 billion in revenue from China in 2022, or 22.3% of total sales.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Stock Slumped 4% after Slowing in China Auto Sales in March</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Stock Slumped 4% after Slowing in China Auto Sales in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-04-10 21:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Tesla&#39;s stock slumped 4% after slowing in China auto sales in March.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cb7799c1b6ea9207f9ac2f0d948ea76e\" tg-width=\"826\" tg-height=\"839\"/></p>Tesla&#39;s stock sank 10.8% over the past four sessions, and a fifth straight loss would represent the longest losing streak since the seven-day loss streak that ended Dec. 27, 2022.<p></p><p>The China Passenger Car Association said overnight that passenger cars sold in China in March rose 0.3% to 1.59 million, compared with 10.4% growth in February, according to a Dow Jones Newswires report.</p><p>Sales for the first quarter dropped 13.4% from a year ago, as January sales plunged 38%, the report said. Tesla recorded $18.15 billion in revenue from China in 2022, or 22.3% of total sales.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187260837","content_text":"Tesla's stock slumped 4% after slowing in China auto sales in March.Tesla's stock sank 10.8% over the past four sessions, and a fifth straight loss would represent the longest losing streak since the seven-day loss streak that ended Dec. 27, 2022.The China Passenger Car Association said overnight that passenger cars sold in China in March rose 0.3% to 1.59 million, compared with 10.4% growth in February, according to a Dow Jones Newswires report.Sales for the first quarter dropped 13.4% from a year ago, as January sales plunged 38%, the report said. Tesla recorded $18.15 billion in revenue from China in 2022, or 22.3% of total sales.","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095185870,"gmtCreate":1644851898189,"gmtModify":1676533968078,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$</a>will go up a bit, as drop too much","listText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$</a>will go up a bit, as drop too much","text":"$Senseonics(SENS)$will go up a bit, as drop too much","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095185870","isVote":1,"tweetType":1,"viewCount":851,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9054223154,"gmtCreate":1655395230578,"gmtModify":1676535630106,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a>[Cry]&nbsp;","listText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a>[Cry]&nbsp;","text":"$Semiconductor Bull 3X Shares(SOXL)$[Cry]","images":[{"img":"https://community-static.tradeup.com/news/ecd6e8cee760556789ce8b2c6905d9dc","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054223154","isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":149038330,"gmtCreate":1625687052820,"gmtModify":1703746379520,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>above $1&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>above $1&nbsp;","text":"$Sundial Growers Inc.(SNDL)$above $1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149038330","isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328746040,"gmtCreate":1615561636380,"gmtModify":1704784625543,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Monday will go up","listText":"Monday will go up","text":"Monday will go up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/328746040","repostId":"1104628946","repostType":2,"repost":{"id":"1104628946","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615561247,"share":"https://ttm.financial/m/news/1104628946?lang=&edition=fundamental","pubTime":"2021-03-12 23:00","market":"us","language":"en","title":"Marijuana stocks fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1104628946","media":"Tiger Newspress","summary":"Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.","content":"<p>Tilray&nbsp;Inc&nbsp;down&nbsp;6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.</p><p><img src=\"https://static.tigerbbs.com/78fc26b0f02217c25526a73d40b1f353\" tg-width=\"420\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marijuana stocks fall</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarijuana stocks fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-12 23:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tilray&nbsp;Inc&nbsp;down&nbsp;6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.</p><p><img src=\"https://static.tigerbbs.com/78fc26b0f02217c25526a73d40b1f353\" tg-width=\"420\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACB":"奥罗拉大麻公司","CGC":"Canopy Growth Corporation","CRON":"Cronos Group Inc.","APHA":"Aphria Inc.","SNDL":"SNDL Inc.","TLRY":"Tilray Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104628946","content_text":"Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095773552,"gmtCreate":1645010104311,"gmtModify":1676533985863,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>when when can break even!!!","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>when when can break even!!!","text":"$Palantir Technologies Inc.(PLTR)$when when can break even!!!","images":[{"img":"https://static.itradeup.com/news/be54b24ded5e8cba75a254681d983d99","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095773552","isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":835845803,"gmtCreate":1629706973302,"gmtModify":1676530105931,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/835845803","repostId":"1163822738","repostType":4,"isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149038984,"gmtCreate":1625686994648,"gmtModify":1703746381337,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>sell 0.92&nbsp; &nbsp;too early,","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>sell 0.92&nbsp; &nbsp;too early,","text":"$Sundial Growers Inc.(SNDL)$sell 0.92 too early,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149038984","isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104594266,"gmtCreate":1620396851455,"gmtModify":1704343128950,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>revenue increase 253% why price no rocket ?","listText":"<a href=\"https://laohu8.com/S/DKNG\">$DraftKings Inc.(DKNG)$</a>revenue increase 253% why price no rocket ?","text":"$DraftKings Inc.(DKNG)$revenue increase 253% why price no rocket ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/104594266","isVote":1,"tweetType":1,"viewCount":1637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924708651,"gmtCreate":1672324412474,"gmtModify":1676538672432,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$ &nbsp;</a>wwill&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;mullen bankrupt, ? worries, lost more than 80%","listText":"<a href=\"https://ttm.financial/S/MULN\">$Mullen Automotive(MULN)$ &nbsp;</a>wwill&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;mullen bankrupt, ? worries, lost more than 80%","text":"$Mullen Automotive(MULN)$ wwill mullen bankrupt, ? worries, lost more than 80%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9924708651","isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4123969118936632","authorId":"4123969118936632","name":"Jamjam77","avatar":"https://community-static.tradeup.com/news/d4d2f96020de22713e4f071efa05a6bd","crmLevel":9,"crmLevelSwitch":1,"idStr":"4123969118936632","authorIdStr":"4123969118936632"},"content":"Mullen debt is low compare to other ev company , other will bankrupt but not mullen","text":"Mullen debt is low compare to other ev company , other will bankrupt but not mullen","html":"Mullen debt is low compare to other ev company , other will bankrupt but not mullen"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808946599,"gmtCreate":1627553480611,"gmtModify":1703492233122,"author":{"id":"3565225896317833","authorId":"3565225896317833","name":"yngwin111","avatar":"https://static.tigerbbs.com/7b6da8ffb6e7348c5800f5edb3ff9e62","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565225896317833","authorIdStr":"3565225896317833"},"themes":[],"htmlText":"Delisted will have compensation? Will be better than ipo price or higher? Possible?","listText":"Delisted will have compensation? Will be better than ipo price or higher? Possible?","text":"Delisted will have compensation? Will be better than ipo price or higher? Possible?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/808946599","repostId":"1108176649","repostType":2,"repost":{"id":"1108176649","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627551538,"share":"https://ttm.financial/m/news/1108176649?lang=&edition=fundamental","pubTime":"2021-07-29 17:38","market":"us","language":"en","title":"China's Didi denies 'rumour' that it could go private","url":"https://stock-news.laohu8.com/highlight/detail?id=1108176649","media":"Tiger Newspress","summary":"Chinese ride-hailing giant Didi Global Inc said on Thursday that a \"rumour\" that it could go private","content":"<p>Chinese ride-hailing giant Didi Global Inc said on Thursday that a \"rumour\" that it could go private was not true.The company issued its statement shortly after a report in the Wall Street Journal said that Didi was considering going private to placate Chinese authorities and compensate investor losses following its recent initial public offering.</p>\n<p>Didi Global shares narrowed to 17% after rising more than 40% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/100d707799c7a8b795f464a07dc64ae2\" tg-width=\"903\" tg-height=\"642\" width=\"100%\" height=\"auto\"></p>\n<p>Ride-hailing giant&nbsp;Didi Global&nbsp;Inc.&nbsp;is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter.</p>\n<p>The Beijing-headquartered company has been in discussions with bankers, regulators and key investors about how it could resolve some of the problems that emerged after Didi listed on the New York Stock Exchange on June 30, the people said. A take-private deal that would involve a tender offer for its publicly traded shares is one of the preliminary options being considered, they added.</p>\n<p>Didi raised about $4.4 billion in its initial public offering after selling American depositary shares at $14 apiece, in the biggest stock sale by a Chinese company since the 2014 blockbuster listing of&nbsp;Alibaba Group Holding&nbsp;Ltd.</p>\n<p>Its shares briefly topped $18 in their first days of trading, before the Cyberspace Administration of China stunned investors and the company on July 2 by&nbsp;launching a data-security probe&nbsp;into Didi and blocking its China business from adding new users. Two days later, the cybersecurity regulator told app-store operators to&nbsp;take down&nbsp;the company’s popular Chinese mobile app.</p>\n<p>The crackdown worsened on July 9, when 25 more Didi apps—including ones used by drivers—were ordered to be removed from app stores, potentially crippling the company’s operations. China also said in early July that it would&nbsp;tighten rules&nbsp;for companies selling shares abroad, signaling its displeasure with recent listings by Didi and others.</p>\n<p>The unexpected moves caused Didi’s shares to plunge below their IPO price. They closed at $8.87 on Wednesday, giving the company a market capitalization of about $43 billion, according to FactSet.</p>\n<p>Numerous U.S. law firms that represent Didi shareholders who lost money have filed securities class-action lawsuits against the company, its IPO underwriters and board. The suits in many cases have alleged that false and misleading statements were made before the company’s IPO, which was led by units of&nbsp;Goldman Sachs Group&nbsp;Inc.,Morgan Stanley&nbsp;and&nbsp;JPMorgan Chase&amp; Co.</p>\n<p>Weeks before Didi went public, China’s security watchdog suggested to the company that it&nbsp;delay its listing plans&nbsp;and conduct a thorough examination of its network security, The Wall Street Journal reported. Despite the regulator’s suggestion—which the company never disclosed—Didi went ahead with its listing plans.</p>\n<p>Didi started contemplating the go-private plan around mid-July after the regulatory actions escalated, according to people familiar with the matter.</p>\n<p>A take-private offer could be funded partly or predominantly with money that Didi raised from U.S. and global investors in the IPO. The price that the company would offer to investors has yet to be determined, but it could be around or above the $14-per-share IPO price, one of the people said.</p>\n<p>Didi has asked its major underwriters to gauge investors’ views regarding a privatization plan, as well as the pricing range that they would accept, the people said.</p>\n<p>The plan is still under deliberation and would need approval from Didi’s board and major pre-IPO investors including&nbsp;SoftBank Group&nbsp;Corp.’s&nbsp;Vision Fund.</p>\n<p>CAC, the cybersecurity watchdog, is supportive of the privatization plan in principle, according to one of the people. SoftBank is unlikely to help fund a deal, the person said. The Japanese conglomerate’s first Vision Fund previously poured about $12 billion into Didi and holds a 20% stake in the company.</p>\n<p>Representatives of Didi, SoftBank, the CAC and the banks didn’t immediately respond to requests for comment.</p>\n<p>Didi is also considering bringing in state-backed investors who could help finance the deal and help guide the company as it tries to remedy its data-security issues, according to people familiar with the matter.</p>\n<p>The cybersecurity watchdog said earlier this month that there were serious problems involving the illegal collection of personal data by the company, and instructed Didi Chuxing, its China business, to address the issues to “ensure the safety of the personal information of users.”</p>\n<p>Didi said at the time that it “sincerely accepts and firmly obeys the requirements made by relevant authorities.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi denies 'rumour' that it could go private</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi denies 'rumour' that it could go private\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-29 17:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Chinese ride-hailing giant Didi Global Inc said on Thursday that a \"rumour\" that it could go private was not true.The company issued its statement shortly after a report in the Wall Street Journal said that Didi was considering going private to placate Chinese authorities and compensate investor losses following its recent initial public offering.</p>\n<p>Didi Global shares narrowed to 17% after rising more than 40% in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/100d707799c7a8b795f464a07dc64ae2\" tg-width=\"903\" tg-height=\"642\" width=\"100%\" height=\"auto\"></p>\n<p>Ride-hailing giant&nbsp;Didi Global&nbsp;Inc.&nbsp;is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter.</p>\n<p>The Beijing-headquartered company has been in discussions with bankers, regulators and key investors about how it could resolve some of the problems that emerged after Didi listed on the New York Stock Exchange on June 30, the people said. A take-private deal that would involve a tender offer for its publicly traded shares is one of the preliminary options being considered, they added.</p>\n<p>Didi raised about $4.4 billion in its initial public offering after selling American depositary shares at $14 apiece, in the biggest stock sale by a Chinese company since the 2014 blockbuster listing of&nbsp;Alibaba Group Holding&nbsp;Ltd.</p>\n<p>Its shares briefly topped $18 in their first days of trading, before the Cyberspace Administration of China stunned investors and the company on July 2 by&nbsp;launching a data-security probe&nbsp;into Didi and blocking its China business from adding new users. Two days later, the cybersecurity regulator told app-store operators to&nbsp;take down&nbsp;the company’s popular Chinese mobile app.</p>\n<p>The crackdown worsened on July 9, when 25 more Didi apps—including ones used by drivers—were ordered to be removed from app stores, potentially crippling the company’s operations. China also said in early July that it would&nbsp;tighten rules&nbsp;for companies selling shares abroad, signaling its displeasure with recent listings by Didi and others.</p>\n<p>The unexpected moves caused Didi’s shares to plunge below their IPO price. They closed at $8.87 on Wednesday, giving the company a market capitalization of about $43 billion, according to FactSet.</p>\n<p>Numerous U.S. law firms that represent Didi shareholders who lost money have filed securities class-action lawsuits against the company, its IPO underwriters and board. The suits in many cases have alleged that false and misleading statements were made before the company’s IPO, which was led by units of&nbsp;Goldman Sachs Group&nbsp;Inc.,Morgan Stanley&nbsp;and&nbsp;JPMorgan Chase&amp; Co.</p>\n<p>Weeks before Didi went public, China’s security watchdog suggested to the company that it&nbsp;delay its listing plans&nbsp;and conduct a thorough examination of its network security, The Wall Street Journal reported. Despite the regulator’s suggestion—which the company never disclosed—Didi went ahead with its listing plans.</p>\n<p>Didi started contemplating the go-private plan around mid-July after the regulatory actions escalated, according to people familiar with the matter.</p>\n<p>A take-private offer could be funded partly or predominantly with money that Didi raised from U.S. and global investors in the IPO. The price that the company would offer to investors has yet to be determined, but it could be around or above the $14-per-share IPO price, one of the people said.</p>\n<p>Didi has asked its major underwriters to gauge investors’ views regarding a privatization plan, as well as the pricing range that they would accept, the people said.</p>\n<p>The plan is still under deliberation and would need approval from Didi’s board and major pre-IPO investors including&nbsp;SoftBank Group&nbsp;Corp.’s&nbsp;Vision Fund.</p>\n<p>CAC, the cybersecurity watchdog, is supportive of the privatization plan in principle, according to one of the people. SoftBank is unlikely to help fund a deal, the person said. The Japanese conglomerate’s first Vision Fund previously poured about $12 billion into Didi and holds a 20% stake in the company.</p>\n<p>Representatives of Didi, SoftBank, the CAC and the banks didn’t immediately respond to requests for comment.</p>\n<p>Didi is also considering bringing in state-backed investors who could help finance the deal and help guide the company as it tries to remedy its data-security issues, according to people familiar with the matter.</p>\n<p>The cybersecurity watchdog said earlier this month that there were serious problems involving the illegal collection of personal data by the company, and instructed Didi Chuxing, its China business, to address the issues to “ensure the safety of the personal information of users.”</p>\n<p>Didi said at the time that it “sincerely accepts and firmly obeys the requirements made by relevant authorities.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108176649","content_text":"Chinese ride-hailing giant Didi Global Inc said on Thursday that a \"rumour\" that it could go private was not true.The company issued its statement shortly after a report in the Wall Street Journal said that Didi was considering going private to placate Chinese authorities and compensate investor losses following its recent initial public offering.\nDidi Global shares narrowed to 17% after rising more than 40% in premarket trading.\n\nRide-hailing giant Didi Global Inc. is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter.\nThe Beijing-headquartered company has been in discussions with bankers, regulators and key investors about how it could resolve some of the problems that emerged after Didi listed on the New York Stock Exchange on June 30, the people said. A take-private deal that would involve a tender offer for its publicly traded shares is one of the preliminary options being considered, they added.\nDidi raised about $4.4 billion in its initial public offering after selling American depositary shares at $14 apiece, in the biggest stock sale by a Chinese company since the 2014 blockbuster listing of Alibaba Group Holding Ltd.\nIts shares briefly topped $18 in their first days of trading, before the Cyberspace Administration of China stunned investors and the company on July 2 by launching a data-security probe into Didi and blocking its China business from adding new users. Two days later, the cybersecurity regulator told app-store operators to take down the company’s popular Chinese mobile app.\nThe crackdown worsened on July 9, when 25 more Didi apps—including ones used by drivers—were ordered to be removed from app stores, potentially crippling the company’s operations. China also said in early July that it would tighten rules for companies selling shares abroad, signaling its displeasure with recent listings by Didi and others.\nThe unexpected moves caused Didi’s shares to plunge below their IPO price. They closed at $8.87 on Wednesday, giving the company a market capitalization of about $43 billion, according to FactSet.\nNumerous U.S. law firms that represent Didi shareholders who lost money have filed securities class-action lawsuits against the company, its IPO underwriters and board. The suits in many cases have alleged that false and misleading statements were made before the company’s IPO, which was led by units of Goldman Sachs Group Inc.,Morgan Stanley and JPMorgan Chase& Co.\nWeeks before Didi went public, China’s security watchdog suggested to the company that it delay its listing plans and conduct a thorough examination of its network security, The Wall Street Journal reported. Despite the regulator’s suggestion—which the company never disclosed—Didi went ahead with its listing plans.\nDidi started contemplating the go-private plan around mid-July after the regulatory actions escalated, according to people familiar with the matter.\nA take-private offer could be funded partly or predominantly with money that Didi raised from U.S. and global investors in the IPO. The price that the company would offer to investors has yet to be determined, but it could be around or above the $14-per-share IPO price, one of the people said.\nDidi has asked its major underwriters to gauge investors’ views regarding a privatization plan, as well as the pricing range that they would accept, the people said.\nThe plan is still under deliberation and would need approval from Didi’s board and major pre-IPO investors including SoftBank Group Corp.’s Vision Fund.\nCAC, the cybersecurity watchdog, is supportive of the privatization plan in principle, according to one of the people. SoftBank is unlikely to help fund a deal, the person said. The Japanese conglomerate’s first Vision Fund previously poured about $12 billion into Didi and holds a 20% stake in the company.\nRepresentatives of Didi, SoftBank, the CAC and the banks didn’t immediately respond to requests for comment.\nDidi is also considering bringing in state-backed investors who could help finance the deal and help guide the company as it tries to remedy its data-security issues, according to people familiar with the matter.\nThe cybersecurity watchdog said earlier this month that there were serious problems involving the illegal collection of personal data by the company, and instructed Didi Chuxing, its China business, to address the issues to “ensure the safety of the personal information of users.”\nDidi said at the time that it “sincerely accepts and firmly obeys the requirements made by relevant authorities.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}