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Highlights of the day: 9 May

April 16, 2024
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FinMeUp
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FinMeUp

FinMeUp highlights of the day


Nvidia
Nvidia are being fined $5.5 million by the SEC for failing to properly disclose their Cryptocurrency mining revenue.

Twitter
Elon Musk is planning a new Twitter product called X and estimates that it will have more than 100 million users by 2028.
Musk also said that he plans to quintuple Twitters revenue to $26.4 billion by 2028.
Elon Musk is planning to start a payments business and grow it to $1.3 billion by 2028.

Palantir Q1 Earnings
Revenue: $446M vs. $443M Expected
EPS: $0.02 vs. $0.04 Expected
This is the second consecutive quarter that Palantir have missed earnings.
The share price is down more than 15% in premarket trading.
The CEO said this, "We at Palantir do not operate in the metaverse. There are enough challenges to address in this one. Our company is built for the world that is, not the world that ought to be."

Meta
Instagram will start testing its NFT integration this week.

Biggest winners and losers: 
JSE
Thungela +4.90%
AngloGold Ashanti -6.06% 

US
eBay +3.42%
AMD -8.35% 

Crypto (massive sell-off)
Bitcoin -6.5%
Ethereum -7.1%
BNB -10.8%
Cardano -11.3%
Terra -18%


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