BMO Capital analyst Brian Pitz reiterated a Market Perform rating for Meta Platforms with a price target of $450, highlighting the growing pressures on social media platforms to increase creator payouts to retain quality content. Pitz noted that enhancing payouts for longer-form content could raise Meta's annual revenue costs by $3-5 billion.
Tilray Brands, Inc. (NASDAQ: TLRY) (TSX: TLRY) announced on Wednesday the Good Supply launch of its 'Summer Shareability' campaign. The Canadian cannabis giant said "The brand is putting their most shareable and convenient formats front and center, along with exciting flavors that are perfect for any warm weather gathering," to celebrate the summer months.
Wednesday’s highly anticipated Federal Open Market Committee (FOMC) meeting could set the stage for a bullish run in the cryptocurrency market if one important indicator aligns, according to a crypto analyst.
Robinhood said it had 24.1 million funded customers at the end of May, up approximately 120,000 from April and up 960,000 on a year-over-year basis. Net Deposits were $3.6 billion in May and $29.4 billion over the last 12 months. Assets Under Custody at the end of the month were $135 billion, up 9% from April and up 65% year-over-year.