After Alphabet reported weaker than expected Q1 results, Stifel thinks it could take a long time for the company's mobile monetization and video/cloud initiatives to bear fruit. The firm adds that the company's network business appears to be decelerating, while its profitability is being hurt by the shift away from desktop search revenue. However, the firm keeps a Buy rating on the stock.
Welcome to "#SocialStocks," The Fly's weekly recap of Wall Street's reactions to social media stock news. GOVERNMENT SCRUTINY: The Biden... To see the rest of the story go to thefly.com. See Story Here
Shares of Reddit (RDDT) jumped again in Tuesday trading as they extended their run following the launch of options on the stock the day before. Of note, the... To see the rest of the story go to thefly.com. See Story Here