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HEAVY VOLUME !!!!!
RDBX
SoundHound said it offers an independent voice AI platform, which lets businesses deliver conversational experiences to their customers.
Soundhound AI Inc. shares up 64% today; Company recently completed SPAC merger deal last week.
SoundHound AI, Inc., formerly Archimedes Tech SPAC Partners Co., is a voice artificial intelligence (AI) technology company. Its independent voice AI platform allows brands in a range of industries to add conversational interfaces and wake words to any hardware, software, or mobile app. It is built on its proprietary Speech-to-Meaning and Deep Meaning Understanding technology. The Speech-to-Meaning engine delivers speed and accuracy and its Deep Meaning Understanding technology allows users to ask multiple questions and filter results all at once. Its products include the SoundHound App, HOUND Voice Search & Assistant, Midomi.com, and Houndify Voice AI Platform. The SoundHound App applies Houndify's advanced voice AI technology to music, enabling people to discover, explore and share the music around them. HOUND Voice Search & Assistant is the smart voice assistant available built on the Houndify platform with its advanced Speech-to-Meaning and Deep Meaning Understanding technologies.
Yes! ..... I was in DW*AC when it ran from 12.00 to 155.00+ in 24 hours!
10.64 hod.
$ 10.00+
Up 28% @ 24.27 >
FRGE
Redbox stock surge continues, but don't call it a short squeeze
12:46 pm ET May 2, 2022 (MarketWatch)
Print
By Emily Bary
Analysts say the company is seeing new interest from retail investors and looks to be in a more comfortable spot after a financing arrangement
Shares of Redbox Entertainment Inc. were continuing their massive surge Monday, which analysts saw as reflective of increased investor comfort in the wake of recent financing announcements as well as heightened interest among retail shareholders.
The company enables people to rent DVDs at kiosks, and it struggled during the pandemic amid a weak stretch for new theatrical releases. In early February, Redbox (RDBX) disclosed that rental activity had failed to recover as quickly as expected, while costs were rising, but it then announced in mid-April that it had secured $50 million in additional financing that was seen by some as a cushion ahead of an anticipated rebound in business trends later in the year.
"While we have remained positive on the opportunity for RDBX [Redbox] to monetize a customer demographic that, we believe, has remained firmly in place during the pandemic (i.e., late technology adopters and price-sensitive consumers), it was a need for financing to get the company through the current movie-title dry spell that pushed the stock down to the $2 level (with bankruptcy a definite possibility at that time)," B. Riley Securities analyst Eric Wold told MarketWatch.
The financing came with better terms than expected, Wold continued, allowing investors to "focus on both the recovery of the physical rental business in the second half of the year" as well as Redbox's advertising-based video-on-demand service, which he thought could be set up for continued growth as some subscription video-on-demand services stumble.
Redbox might also be winning the attention of a new crowd of investors, as it's currently a trending name on Stocktwits, a platform that lets investors discuss stocks. It "looks like this is driven by retail shareholder interest, similar to what we've seen with GameStop and AMC over the past several months," Wedbush analyst Alicia Reese told MarketWatch.
Redbox shares were up more than 40% in midday trading Monday after rocketing nearly 70% in Friday's session.
B. Riley's Wold also noted the chatter on Stocktwits and suggested that Redbox could use the rally to its benefit, by raising money through the sale of shares.
"With RDBX most likely in a situation where additional capital and a greater stock float could be of a benefit to the company, we would not be surprised if RDBX took advantage of this strong move in the equity in the near future to shore up its balance sheet," he said.
Redbox went public in October through a merger with a special-purpose acquisition company (SPAC). Its shares had fallen as much as 83% from the point of Redbox's public debut, while short interest rose, though with the recent rally, shares were down only about 8% over the course of Redbox's time as a public company.
Though Redbox short interest represents about 15% of the float, short interest is just 1.32 million shares, worth $7.9 million, according to Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners.
"With today's trading volume already at 87 million shares, even if every single shorted share was bought back (totally improbable), it would have had a minimal impact on RDBX's stock price today," he told MarketWatch.
In comparison, short interest as a percent of float is 22.3% for GameStop Corp. (GME), based on the latest exchange data, and is 19.4% for AMC Entertainment Holdings Inc. (AMC)
-Emily Bary
(END) Dow Jones Newswires
May 02, 2022 12:46 ET (16:46 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Agree! If not today, then this week. NUTX
Awesome revenues attracting investors!
Sorry you bought @ 67.00 > Tankathon dip! Maybe buy some $12.00's
LET'S GO NUTX ! > $$$$$
C'mon folks, load up asap!> RDBX
RDBX @ 5.82 in premarket.
8947 now! ST
8,895 followers on $RDBX
311 new "follows" on the ST since yesterday
That's 311 more traders that most likely are going to be purchasing shares tomorrow to help squeeze the shorts.
Get ready for a nice upside run throughout May. NUTX is a great $$$$$ opportunity.
Biden is a combination of having no direction, senility, lack of common sense, and greed. The Washington swamp machine is guiding Biden's every move. Even little datails of the one question allowed press conferences , and navigating how Biden exits from any stage or forum.
Benzinga Poll: Netflix, Disney+, Hulu Or HBO Max - Which Streaming Platform Has The Best Shows?
10:41 am ET May 1, 2022 (Benzinga) Print
As the streaming market continues to evolve, consumers are left to decide which services are worth a monthly subscription fee. This has led to discussions of a saturation point in the U.S. streaming market and some people ending their subscriptions with some of the largest companies.
What Happened: Streaming giant Netflix Inc (NASDAQ: NFLX) recently reported its first quarterly subscriber loss in more than ten years. The company remains the global leader with 221.6 million subscribers, but reported a loss of 200,000 in the first quarter. Netflix is also guiding to lose two million more subscribers in the second quarter.
HBO Max, which is a streaming platform from Warner Bros. Discovery (NASDAQ: WBD) saw a gain in the most recent quarter with a total of 76.8 million subscribers globally for HBO and HBO Max and 46.8 million subscribers in the U.S.
Disney+ ended the first quarter with 129.8 million subscribers, up 37% year-over-year. Hulu ended the first quarter with 45.3 million subscribers. Disney+ is owned by Walt Disney Co (NYSE: DIS) with the media giant also owning a majority stake in Hulu.
A new report shows that streaming platform usage reached 30% of American television viewers in March, the highest level in the 11 months Nielsen has measured viewing habits for streaming and cable platforms.
Nielsen reported Netflix as the market share leader for television use among streaming operators, followed by YouTube.
Related Link: Disney Vs. Netflix: Pushing Obi-Wan Kenobi Release Date Sets Up Epic Weekend Streaming Battle
Benzinga User Poll: The decline in Netflix subscribers and latest subscriber statistics led to a recent user poll by Benzinga on the company’s Twitter Inc (NYSE: TWTR) account.
Benzinga asked its Twitter followers “Which streaming service has the best shows right now?”
The possible answers were HBO Max, Netflix, Hulu and Disney+.
Here is a look at the results of the Benzinga user poll:
HBO Max: 39.9%
Netflix: 33.1%
Disney+: 16.1%
Hulu: 10.9%
Several users picked YouTube as a favorite write-in candidate. YouTube is owned by Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL).
Other streaming companies mentioned in the chat included RedBox Entertainment (NASDAQ: RDBX), Cinedigm Corp (NASDAQ: CIDM), ESPN+ and Outdoor Network.
Disney is scheduled to report second-quarter earnings on May 11, which could provide a deeper look into how the streaming market is shaping up.
The results of the poll could line up with HBO Max getting praise for its shows and the release of blockbuster movies on the platform.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Exactly! Yankees catchers are doing well at their position.
Elon Musk the Ben Franklin of our time !!!
Elon Musk has become a household name thanks to his success in the business world.
Born in South Africa, Musk’s early schooling life was difficult. Nicknamed ‘Muskrat,’ he was picked on a lot. As a result it is reported that 'in his loneliness, he read a lot of fantasy and science fiction.'
Since then Musk has gone on to become a world renowned business magnate, investor, engineer, and inventor.
But he still credits literature for his triumph. "I was raised by books. Books, and then my parents," Musk said in an interview in 2017.
One book Musk continually praises is "Benjamin Franklin: An American Life," by Walter Isaacson, the biographer who famously chronicled the life of Steve Jobs.
The biography explores the inner workings of Franklin, who, it can be argued, shared the same entrepreneurial drive Musk has.
In fact, the billionaire says Franklin is one of his personal heroes.
"I would say, certainly, he's one of the people I most admire," Musk says in an interview with Kevin Rose on his podcast Foundation. "Franklin was pretty awesome."
Franklin's story of building a printing business, inventing bifocal glasses and creating the lightning rod, among other feats, provided Musk with inspiration for creating new products and launching businesses.
"You can see how [Franklin] was an entrepreneur," the Tesla CEO says. "He started from nothing. He was just a runaway kid."
In the biography, there are five things we can learn from the American author, inventor, scientist and diplomat that inspired Musk.
1. You can teach yourself difficult skills
After running away from from his hometown, Boston, to Philadelphia at age 17, Franklin found work at a printing house. Surrounded by books and newspapers at his apprenticeship, he felt his own writing skills were not up to scratch.
So he decided to teach himself the craft.
Isaacson's biography features this telling account from Franklin: "I took some of the papers, and, making short hints of the sentiment in each sentence, laid them by a few days, and then, without looking at the book, tried to complete the papers again."
Similarly and arguably slightly more impressive, Musk is said to have taught himself about space exploration and rocket science simply by reading textbooks and talking to experts.
2. Improving yourself personally can help you professionally
Franklin was very keen on improving himself. When he was 21, he started his own kind of book club for intellectuals and artists. They would come together to talk about what they were reading and ideas they had on how to improve their community.
The club, called "Junto," had the two ingredients Musk credits with his own success: books and inspiration from other like-minded people.
Through this club, he learned about the importance of networking, which helped him throughout his career. The author and diplomat would go on to become the first U.S. ambassador to France and was one of the authors of the Declaration of Independence.
Franklin also worked to refine his communication skills, which helped him gain trust and respect from his peers. According to Isaacson, he was a "consummate networker" who was "gifted" in making diplomatic deals come to fruition.
3. Manage your time and money wisely
Isaacson recounts how Franklin would take every measure possible to stay focused on using his money and time wisely, vowing, "to apply myself industriously to whatever business I take in hand".
Franklin developed a strict daily schedule for himself, which included time for learning, physical exercise and self-reflection.
And though he took measures to hide it in front of company, he made an effort to save as much of his income as possible. Franklin was always thinking about he could improve himself as well as the city of Philadelphia. In addition to playing a crucial role in local and national politics, Franklin started a library, a hospital, an insurance company and a fire station.
He also took care to "not divert my mind from my business by any foolish project of suddenly growing rich," he wrote, "for industry and patience are the surest means of plenty".
Musk's career was also years in the making.
He started coding when he was 12 years old, tried his hand at finance, toyed with the idea of getting a Phd and had to deal with multiple setbacks while becoming an entrepreneur, including the more recent failure of some of his rocket launches. Despite this, he kept working.
4. Fast-track your career by reading
Franklin, like Musk, loved books. They helped him save money and gain skills faster than his colleagues.
For example, after the writer and inventor read a book on vegetarianism, he embraced the diet, realising it would help him out financially. He used the money he saved by not purchasing meat to buy books, Isaacson recounts.
While his coworkers left work to eat large meals, Franklin would eat a lean meal of biscuits and raisins and use his free time to study.
"I made the greater progress from that greater clearness of head and quicker apprehension which usually attend temperance in eating and drinking," Franklin wrote.
5. Innovation is born from solving the most basic problems
"[Franklin's] focus tended to be on how ordinary issues affect everyday lives, and on how ordinary people would build a better society," Isaacson writes. "But that did not make him an ordinary man.''
The inventor changed the way people read with his bifocal glasses as well as the way people heated their homes by creating the Franklin Stove, which could be used to cook food and heat a home from the center of a room.
And of course, he verified the nature of electricity during the 1750s with his famous kite experiment, which would fast-track the exploration of technology.
Musk appears to have a similar mentality for how he approaches the world. His drive to improve the process of making online payments and create more energy-efficient transportation helped shape PayPal and Tesla.
"I like autobiographies," Musk says. "I think [they] are pretty helpful."
It's no surprise then that Franklin is someone the billionaire entrepreneur looks up to.
If you want to find out more about ‘The Newton of Electricity,’ we have taken a deeper look at his life in a previous blog post titled: Be Patient, It’s Worth It.
Elon Musk is Ben Franklin of our times. Very creative with inventions and achievements!
Remember Ben Franklin > some of his inventions & achievements:
- lightning rod
- bifocals
- map of gulf stream
- odometer
- swim fins
- franklin stove
- Post Office ( way before Twitter)
Elon Musk is Ben Franklin of our times. Very creative with inventions and achievements!
Remember Ben Franklin > some of his inventions & achievements:
- lightning rod
- bifocals
- map of gulf stream
- odometer
- swim fins
- franklin stove
- Post Office ( way before Twitter)
Cyngn Announces Closing of $20 Million Private Placement Priced At-the-Market
4:20 pm ET April 29, 2022 (BusinessWire) Print
Cyngn (or the "Company") (NASDAQ: CYN), a developer of innovative autonomous driving software solutions for industrial and commercial applications, today closed its previously announced private placement pursuant to a securities purchase agreement entered into on April 28, 2022 with certain institutional and accredited investors for aggregate gross proceeds of approximately $20 million, before deducting fees to the placement agent and other offering expenses payable by the Company.
In connection with the offering, the Company issued 6,451,613 units and pre-funded units at a purchase price of $3.10 per unit, priced at-the-market under Nasdaq rules. The pre-funded units were sold at the same price, less the pre-funded warrant exercise price of $0.001. Each unit and pre-funded unit consist of one share of common stock or common stock equivalent, and one non-tradable warrant exercisable for one share of common stock for $2.98 (for a total of 6,451,613 shares underlying the warrants). The warrant has a term equal to five years from the issuance date. No actual units were issued in the offering.
Aegis Capital Corp. acted as the Exclusive Placement Agent in connection with the offering.
Additional details regarding the offering will be available in a Form 8-K to be filed by the Company with the U.S. Securities and Exchange Commission (the "SEC").
The shares of common stock and warrants described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (SEC) or an applicable exemption from such registration requirements. The securities were offered only to accredited investors. Pursuant to a registration rights agreement with the investors, the Company has agreed to file one or more registration statements with the SEC covering the resale of the shares of common stock and the shares issuable upon exercise of the warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Cyngn
Cyngn is an autonomous vehicle technology company that is focused on addressing industrial uses for autonomous vehicles. Cyngn believes that technological innovation is needed to enable adoption of autonomous industrial vehicles that will address the substantial industry challenges that exist today. These challenges include labor shortages, lagging technological advancements from incumbents, and high upfront investment requirements. Cyngn addresses these challenges with its Enterprise Autonomy Suite, which includes DriveMod (modular industrial vehicle autonomous driving software), Cyngn Insight (customer-facing software suite for monitoring/managing AV fleets and aggregating/analyzing data), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).
To learn more, please visit https://cyngn.com/.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as "may", "could", "expects", "projects," "intends", "plans", "believes", "predicts", "anticipates", "hopes", "estimates" and variations of such words and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks and are based upon several assumptions and estimates, which are inherently subject to significant uncertainties and contingencies, many of which are beyond the Company's control. Actual results (including the anticipated benefits of the offering described herein) may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in the Company's filings with the SEC. The forward-looking statements are applicable only as of the date on which they are made, and the Company does not assume any obligation to update any forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220428006399/en/
SOURCE: Cyngn">
Carolyne Sohn
Vice President, The Equity Group
csohn@equityny.com
(415) 568-2255
comtex tracking
RDBX up 68% @ 5.87 >
Biden's and Democrat ratings going to plummet even further. This summer refineries will choose refining diesel and jet fuel over gasoline. There will be a
massive problem when lighter fuels such as gasoline will be experiencing shortages.
When gasoline is $8.00+ gallon by election day, expect the the conservative Republicans to pick up 75 + seats in the Senate & House of Representatives.
Agree, especially w/ today's 23M+ vol.
Monday news > MEGA - GAPPER > Hope to see a nice CYN PR/Contract/News.
Time for some momo/fomo to kick in. Let's go NKTX!
Less traders and More investors now buying CYN shares.
Amazon / FEDEX/WEGMANS/ UPS / Kroger/ Walmart contracts would send CYN to $25.00+
Amazon / FEDEX/ WEGMANS/ UPS / Kroger/ Walmart contracts would send CYN to $25.00+
Agree! Waiting to see Q1 results next week.....
Nice trade! Maybe some news coming next week.
You bet ! An amazing run along with heavy volume!
CYN
CYN > 4.77
Looking @ 5.00+ by closing bell.
CYN
CLOSED > The offering is expected to close on or about April 29, 2022, subject to the satisfaction of customary closing conditions.
CYN
CLOSED > The offering is expected to close on or about April 29, 2022, subject to the satisfaction of customary closing conditions.
RDBX @ 4.11 up 22%