Communication Stocks

Crypto-centred Decrypt raises US$10 mn after spin-off from ConsesSys

 Crypto-centred Decrypt raises US$10 mn after spin-off from ConsesSys

Highlights  Decrypt was co-founded by Josh Quittner, Ilan Hazan and Ryan Bubinski in 2018. On Tuesday, Decrypt announced raising US$10 million after its spin-off from ConsenSys Mesh.  Decrypt Media reaches an average of five million ...

Read More...
What happened to GTT Communications (GTT) stock on Friday?

What happened to GTT Communications (GTT) stock on Friday?

Summary The New York Stock Exchange suspended GTT Communications’ trading and started delisting proceedings. GTT Communications does not expect to file the restated statements and delayed filings before August 17. The stock, which return...

Read More...
BuzzFeed eyes US$1.5bn-valuation after SPAC deal

BuzzFeed eyes US$1.5bn-valuation after SPAC deal

News, media, and entertainment company BuzzFeed Inc. has said that it is in talks for a stock listing via a SPAC merger. BuzzFeed expects a valuation of US$1.5 billion after the merger with 890 fifth Avenue Partners Inc., the company said on Thurs...

Read More...
GTT Communication (GTT) stock is rallying. A bounce back on cards?

GTT Communication (GTT) stock is rallying. A bounce back on cards?

GTT Communications, Inc. (NYSE: GTT) stock jumped more than 25 percent on Thursday’s pre-market trading and continues its rally after the markets opened. The stock’s value more than doubled this month. However, the share price is down ...

Read More...
Why is Globalstar Inc. (GSAT) trading high?

Why is Globalstar Inc. (GSAT) trading high?

Summary Globalstar Inc. (GSAT) has surged around 44% in the last five days. Mid-cap GSAT is trading in high volume for the past two days, possibly due to the Reddit WallStreetBets forum. Cash and Cash equivalent has grown almost 228% QoQ at th...

Read More...
Three Communication Stocks To Explore

Three Communication Stocks To Explore

Summary Television operator Dish Network Corp recorded US$4.50 billion in revenue in Q1. Fox Corp. registered a net income of US$582 million in Q1 of 2021. Wireless service provider Verizon Communications’ revenue rose 2.4% YoY to US$7.8...

Read More...
Why Is AMC Entertainment Stock Trending?

Why Is AMC Entertainment Stock Trending?

Summary The stock of Kansas City-based movie exhibition company surged over 7 percent on Monday. With the CDC’s latest guidelines on masks and social distancing, theatres could open to their full capacity. AMC raised approximately US$428...

Read More...
Why Is AMC Entertainment Stock Trending?

Why Is AMC Entertainment Stock Trending?

Summary The stock of Kansas City-based movie exhibition company surged over 7 percent on Monday. With the CDC’s latest guidelines on masks and social distancing, theatres could open to their full capacity. AMC raised approximately US$428...

Read More...
AT&T To Combine WarnerMedia With Discovery In US$43B Deal

AT&T To Combine WarnerMedia With Discovery In US$43B Deal

Summary AT&T’s shareholders to hold 71 percent stake in the new company while Discovery shareholders will keep the rest. Discovery President and CEO David Zaslav will head the new global entertainment company. The deal, which got app...

Read More...
Disney Hits 103 Million Subscribers in Q2, Revenues Down 13%

Disney Hits 103 Million Subscribers in Q2, Revenues Down 13%

The Walt Disney Company (NYSE: DIS) results for the second quarter ended April 3, 2021, was out on Friday. Its quarterly revenues were down 13% to US$15.6 billion, compared to US$18 billion in the quarter ended March 28, 2020. The company attribut...

Read More...
FuboTV Shares Rise On Record Q1 Revenue Growth

FuboTV Shares Rise On Record Q1 Revenue Growth

Summary First quarter revenue and subscriber figures exceeded FuboTV’s estimate. Revenue grew 135 percent year over year to US$119.7 million. Subscribers in the first quarter doubled to 590,430. Full year 2021 revenue now anticipated to...

Read More...