This past Friday, the White House announced that President Joe Biden would award a posthumous Presidential Medal of Freedom to Steve Jobs, co-founder and former CEO of Apple (NYSE: AAPL).According to the White House in a recent statement, the Presidential Medal of Freedom is given to "individuals who have made exemplary contributions to the prosperity, values, or security of the United States, world peace, or other significant societal, public or private endeavors."
The initial public offering (IPO) market remained quiet last week, with only Ivanhoe Electric completing its offering. However, Ivanhoe was the first major IPO in the United States since mid-May, as volatility across the broader market has kept many would-be listers from pricing.Ivanhoe Electric Inc. (NYSE: IE) priced its shares at the lower end of its range to raise $169 million in its debut. The exploration-stage company plans to dual list on the New York Stock Excha...

Meta Platforms (Nasdaq: META) shares have severely underperformed over the last 2 years after being one of the best-performing stocks in the market since its IPO in 2012.

There are a variety of factors, but the largest may be the company's heavy spending as it positions itself for what it believes is the future of communication - the metaverse. Investors don't seem to share the company's confidence that the metaverse will be a big deal and that Facebook will be the company that builds it.

Another factor is changes in Apple's (NASDAQ: AAPL) privacy policy which limits the ability of companies like Facebook to track their users and deliver targeted ads. The net effect is that Facebook ads become less effective and thus less profitable.

The rise of TikTok has also curbed Facebook's growth, and Instagram is no longer the most popular app for teens and young adults. Facebook has tried to compete with Reelz and short videos on Facebook, but the efforts haven't yielded too much success. In a sense, it's reminiscent of Google's (NASDAQ: GOOGL) efforts in social media, but it was never able to figure it out despite having substantially more resources than the upstart, Facebook.

These struggles are shared by many tech companies, dealing with an environment where investors are more interested in cash flow than growth. One evidence of Facebook's change in directi...

Can FTX Be the JPMorgan of Crypto? One of the reasons for the creation of the Federal Reserve was the Panic of 1907 when the U.S. economy was on the brink of a collapse due to...
Can FTX Be the JPMorgan of Crypto? One of the reasons for the creation of the Federal Reserve was the Panic of 1907 when the U.S. economy was on the brink of a collapse due to...
Can FTX Be the JPMorgan of Crypto? One of the reasons for the creation of the Federal Reserve was the Panic of 1907 when the U.S. economy was on the brink of a collapse due to...
Can FTX Be the JPMorgan of Crypto? One of the reasons for the creation of the Federal Reserve was the Panic of 1907 when the U.S. economy was on the brink of a collapse due to...
FTC Sues Walmart for Failing to Block Sc... The U.S. Federal Trade Commission (FTC) is suing Walmart Inc (NYSE: WMT) alleging that the retail giant failed to prevent scammers from defr...
FTC Sues Walmart for Failing to Block Sc... The U.S. Federal Trade Commission (FTC) is suing Walmart Inc (NYSE: WMT) alleging that the retail giant failed to prevent scammers from defr...
FTC Sues Walmart for Failing to Block Sc... The U.S. Federal Trade Commission (FTC) is suing Walmart Inc (NYSE: WMT) alleging that the retail giant failed to prevent scammers from defr...
FTC Sues Walmart for Failing to Block Sc... The U.S. Federal Trade Commission (FTC) is suing Walmart Inc (NYSE: WMT) alleging that the retail giant failed to prevent scammers from defr...
California to Offer 'Inflation Relief' T... As decade's high inflation and soaring gas prices begin to impact consumers' buying power, California is looking to provide some relief to t...
California to Offer 'Inflation Relief' T... As decade's high inflation and soaring gas prices begin to impact consumers' buying power, California is looking to provide some relief to t...
California to Offer 'Inflation Relief' T... As decade's high inflation and soaring gas prices begin to impact consumers' buying power, California is looking to provide some relief to t...
California to Offer 'Inflation Relief' T... As decade's high inflation and soaring gas prices begin to impact consumers' buying power, California is looking to provide some relief to t...
Airbnb Officially Bans Parties at Listin... Since August of 2020, Airbnb (NASDAQ: ABNB) has enforced a ban against holding parties at the platform's listings, with the ban staying in e...
Airbnb Officially Bans Parties at Listin... Since August of 2020, Airbnb (NASDAQ: ABNB) has enforced a ban against holding parties at the platform's listings, with the ban staying in e...
Airbnb Officially Bans Parties at Listin... Since August of 2020, Airbnb (NASDAQ: ABNB) has enforced a ban against holding parties at the platform's listings, with the ban staying in e...
Airbnb Officially Bans Parties at Listin... Since August of 2020, Airbnb (NASDAQ: ABNB) has enforced a ban against holding parties at the platform's listings, with the ban staying in e...
FedEx Shares Higher Despite Earnings Mi... FedEx (NYSE: FDX) shares were higher following the company's fiscal Q4 results despite it missing analysts' estimates on the bottom line. Ho...
FedEx Shares Higher Despite Earnings Mi... FedEx (NYSE: FDX) shares were higher following the company's fiscal Q4 results despite it missing analysts' estimates on the bottom line. Ho...
FedEx Shares Higher Despite Earnings Mi... FedEx (NYSE: FDX) shares were higher following the company's fiscal Q4 results despite it missing analysts' estimates on the bottom line. Ho...
FedEx Shares Higher Despite Earnings Mi... FedEx (NYSE: FDX) shares were higher following the company's fiscal Q4 results despite it missing analysts' estimates on the bottom line. Ho...
Sen. Sanders Calls On DOT To Fine Airlin... Amid yet another wave of 2022 flight disruptions, Vermont Senator Bernie Sanders is
Sen. Sanders Calls On DOT To Fine Airlin... Amid yet another wave of 2022 flight disruptions, Vermont Senator Bernie Sanders is
Sen. Sanders Calls On DOT To Fine Airlin... Amid yet another wave of 2022 flight disruptions, Vermont Senator Bernie Sanders is
Sen. Sanders Calls On DOT To Fine Airlin... Amid yet another wave of 2022 flight disruptions, Vermont Senator Bernie Sanders is

Join now and unlock premium features