EchoStar Stock Surges as FCC Approves $40 Billion Spectrum Sale to SpaceX and AT&T
AT&T buys 50 MHz for 5G ($23B) and SpaceX gets 65 MHz for Starlink direct-to-device ($17B).
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#Event-Driven Stocks↓
C3 AI Q4 Bookings Miss Expectations Despite Meeting Revenue Targets as Siebel Returns as CEO
C3 AI met revenue goals, reduced losses, saw the CEO return, and achieved cost savings, but weak bookings hit shares.
eBay Slams the Door on GameStop’s Bold $56 Billion Takeover Attempt
eBay rejected GameStop’s $56B takeover offer, saying it’s risky, not realistic, and could hurt its growth and add too much debt.
GitLab Prepares for the “Agentic Era” with Major Restructuring and Layoffs
GitLab plans job cuts, adds AI to automate work, and restructures teams to adapt to a new AI-driven era.
Beazer Homes Rejects Dream Finders’ Takeover Offers – Calls $25.75 Bid “Too Low”
Beazer Homes rejected Dream Finders’ buyout offers, saying it’s undervalued and worth more, and will keep growing independently.
BuzzFeed Shake-Up: Byron Allen Buys Majority Stake for $120M and Becomes New CEO
BuzzFeed is sold mostly to Byron Allen for $120M. He becomes CEO, invests in AI and streaming to save the struggling company.