What comes next for Meta's Threads?
07/27/2023 23:34Meta's new Threads app is one of the fastest-growing apps in history, which CEO Mark Zuckerberg predicts could reach 1 billion users. Carnegie Mellon University's Heinz College Professor Ari Lightman and JMP Securities Equity Research Analyst Andrew Boone sit down with Yahoo Finance's Rachelle Akuffo to discuss the growth outlook for Threads as Meta figures out monetization strategies, how to boost user engagement, and avoid user cannibalization between apps like Facebook and Instagram.
TechCrunch
Helpful secures $7.5M to launch family caregiver app
Demands on family caregivers increase as their loved one ages, and each week can be full of doctor’s visits, therapy and daily reminders. All of that care adds up: Data shows the amount of time spent on caregiving in the U.S. amounts to some $600 billion of unpaid care. A new app called Helpful wants to be, well, more helpful to the more than 53 million Americans acting as caregivers by managing the administrative part of a family member’s care plan.
The Wall Street Journal
Why Elon Musk’s Plan to Build a Super App Won’t Be Easy
Elon Musk has waxed poetic about turning X, the social-media platform formerly known as Twitter, into an “everything app,” capable of handling massive financial operations for users, and this week, he set an ambitious deadline. “In the months to come, we will add comprehensive communications and the ability to conduct your entire financial world,” Musk tweeted Monday evening. While the idea of a super app is appealing to companies that want more ways to make money and grow their user base, it is easier said than done—even on a yearslong timeline.
Barrons.com
Datadog Shares Spike as Analyst Sees Boost From AI
Datadog shares are trading sharply higher Tuesday after the provider of IT monitoring and analytics tools snagged an upgrade from Wolfe Research analyst Alex Zukin, who raised his rating on the stock to Outperform from Peer Perform. Zukin set a price target on Datadog (ticker: DDOG) of $140, implying about 25% upside from recent levels. Datadog has long been one of the fastest growing and expensive stocks in enterprise software.
Zacks
3 Internet Software Stocks to Buy From a Prospering Industry
The Zacks Internet software industry participants like Meta (META), Fortinet (FTNT) and Palo Alto Networks (PANW) are benefiting from high demand for SaaS due to the increasing need for remote working, learning and diagnosis software, as well as cybersecurity applications.
Bloomberg
Microsoft’s Azure Slowdown Offsets Optimism About AI Growth
(Bloomberg) -- Microsoft Corp. posted tepid quarterly sales growth and forecast a continued slowdown in its Azure cloud-services business, overshadowing optimism about customer interest in new artificial intelligence-powered products. Shares were down about 3% Wednesday morning in New York.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentPowell Has Stopped Handing Gifts to Wall Street on Fed DayFed Raises Interest Rates to 22-Year High, Leaves Door Open f
TipRanks
Bank of America Says These 2 Stocks Could Double Your Money — Here’s Why They Could Rally
Get ready for long-term gains – that’s the message from Bank of America. In a recent note, the bank lays out just why it believes that the S&P 500 will hit 5,000 by next year. That would represent a gain of about 9.5% from current levels. The bank’s chief equity technician, Stephen Suttmeier, sees the market in a secular bull phase – that is, a long-term upward trend lasting one or two decades. In his view, the secular trend started back in 2013 and is likely to hold until the latter years of th