Goldman Sachs Downgrades Spotify to Neutral on Stock Risk/Reward
Goldman Sachs cut Spotify's stock rating to "Neutral" (from "Buy"). They think the stock price already reflects its strong future revenue growth.
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AppLovin: UBS Raises Price Target to $810
UBS hiked AppLovin's stock target to $810, calling it a "top pick". They expect better Axon 2.0 tech and solid advertiser demand.
OpenAI Bets Big: Building Proprietary Ad Infrastructure for ChatGPT Growth
OpenAI is hiring engineers for a new "ChatGPT Growth team" to build advanced internal ad infrastructure, signaling a major push for scale, revenue generation, and independence from outside marketing agencies.
Activist Investors Push Clear Channel Outdoor to Sell Due to $5 Billion Debt
Activist investors want Clear Channel Outdoor to sell due to its massive $5 billion debt. CCOH finished shifting to a US-focused ad company, but high debt remains the chief concern for analysts and shareholders.
Fox Corp. May Join the Group Buying TikTok's US Operations
Fox Corp. is in talks to invest in the U.S. portion of TikTok alongside other major American players like Oracle and Dell.
Reddit in Talks With Google, OpenAI on Fresh Data-Sharing Deal
Reddit is seeking new AI deals with Google & OpenAI for "dynamic pricing," wanting more value for its valuable, user-generated data used to train AI. They hope to convert Google traffic into active users and are already set to earn $203M from existing deals.