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What’s Going On With Snap Stock?

Snap announced that it intends to offer a $650 million aggregate principal amount of convertible senior notes due 2030 in a private placement to qualified institutional buyers. Snap also intends to grant the initial purchasers of the notes an option to purchase up to an additional $100 million aggregate principal amount of notes.

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What’s Going On With Palantir’s Stock?

Palantir's first-quarter revenue increased 21% year-over-year to $634 million, beating the consensus estimate. However, the stock tumbled as investors reacted negatively to the company's light guidance for the second quarter and the full year. CNBC's Jim Cramer said he still believes Palantir is a strong company following the earnings report. "I like that conference call very, very much," Cramer said. "I say not to worry, that company is a good company to own right here, right now."

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