Polygon lays off about 30% of staff to focus on stablecoin payment development
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Guggenheim raises Meta (META.US) target price to $850: Betting on AI agent commercialization
Guggenheim Securities maintained its buy rating for Meta, raising the target price to $850, citing Meta's advantages in the AI field and the potential of the Muse agent. Despite short-term cash flow pressure, the institution believes that Meta's large user base and free strategy will support long-term commercialization, expecting accelerated monetization after 2027.
SOL reserve shrinkage prompts shareholder challenge: SkyAI (SKYA.US) acquisition takes an unexpected turn
SkyAI's planned $200 million buyback was halted by Bastion Trading due to a sharp drop in SOL reserves from 2 million to 600,000. Bastion Trading raised concerns over accounting discrepancies and conflicts of interest, demanding the buyback price be increased to $3.5 and that related warrants be excluded.
Netflix (NFLX.US) lays off 1,000 employees, stock price drops over 40%: Growth anxiety or a bottom signal?
Netflix announced the layoff of 1,000 employees ahead of its financial report, marking its largest downsizing since 2022. Despite strong revenue forecasts, market concerns have arisen due to stagnant user engagement and intensified competition from YouTube. This has led to a drop of over 40% in its share price this year, with analysts now focusing on its potential for recovery.
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