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Highlights of the day: 22 April

Feb. 29, 2024
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FinMeUp
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FinMeUp

FinMeUo highlights of the day


Sibanye Stillwater
- Sibanye has invested in Glint Pay, a global fintech company that uses gold as a currency.
- EBITDA reported at R68.6 billion, which represents a 39% increase.

CNN
- The news streaming service, CNN+, is shutting down on April 30 only 1 month after it launched.
- The company spent $300 million dollars on CNN+ only to acquire 10,000 customers.

American Express
- EPS $2.73, beating analyst expectations by 11.89% 
- Revenue 29% higher than the same period last year.

Twitter x Stripe
- Stripe announced a feature that allows Twitter users to get paid in a cryptocurrency stablecoin via ticketed spaces and the super follow feature.

Biggest winners and losers: 
JSE
- Pick n Pay +4.1%
- Kumba Iron Ore -11.25% (after losing 12.6% yesterday)

US
- Pinduoduo +5.1%
- Verizon -5.0% 

Crypto
Tough day for the crypto markets:
- Bitcoin -6.2%
- Ethereum -5.6%
- Solana -8.1%


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