Zynga to launch ReVamp game on Snapchat » 09:0509/1709/17/21
Zynga (ZNGA) announced…
Zynga (ZNGA) announced that ReVamp, an upcoming multiplayer social deception game, will launch soon in select markets exclusively for Snapchat (SNAP). The vampire-themed game will be the first social deception title on Snapchat, giving Snapchatters their first chance to sink their teeth into this popular genre. ReVamp is a real-time multiplayer imposter game where players aim to reveal who the vampire player is among their group of friends while they renovate the rooms of an old mansion. In the game, human players must complete renovation tasks, such as demolition and building, to improve their chances of survival while identifying and defeating the vampire during the voting phase. Vampire players must avoid suspicion while picking off human players by completing a list of fake tasks throughout the mansion.
Snap Q3 revenue estimates too low, says Jefferies » 07:4809/1709/17/21
Jefferies analyst Brent…
Jefferies analyst Brent Thill argues that Q3 revenue estimates for Snap (SNAP) - which imply a 20% point deceleration on a two-year stack from Q2 - are "too low" given drivers he sees that include resurging ad pricing and ad unit growth from reopening. The analyst, who believes tailwinds will "far outweigh the potential impact" of Apple's (AAPL) privacy change, calls Snap his best growth idea and he sees multiple years of 50%-plus revenue growth. Thill keeps a Buy rating and $90 price target on Snap shares.
VeriSign CEO sells 8K shares of common stock » 17:2309/1609/16/21
In a regulatory filing,…
In a regulatory filing, VeriSign disclosed that its CEO James Bidzos sold 8K shares of common stock on September 14th in a total transaction size of $1.78M, reducing his stake by about 1%.
Del Taco launches new Del Yeah! rewards app » 09:0309/1609/16/21
Del Taco Restaurants has…
Del Taco Restaurants has introduced its new loyalty app, Del Yeah! Rewards, in partnership with Cheetah Digital. The new app will offer a reward platform where guests can earn more free food, experiences and more and level up in the app's new tiered system. Members of ALL tiers get free coffee with any purchase every day before 11 a.m., as well as a birthday reward. "At Del, ensuring our customers leave our restaurants feeling satisfied and appreciated has always been a critical part of who we are as a brand, so it was essential for us to capture this in the design of the new Del Yeah! Rewards app," said Erin Levzow, Del Taco's Vice President of Marketing Technology. "As with any relationship, the more you put into it, the more you get out, which is exactly the approach we took here. Each time the app is utilized, our guest is investing their hard-earned money and time in Del Taco and for that, we want to thank them by gifting them food and exclusive experiences the more time they spend with us. Alongside personalization, convenience was another major factor that we wanted to touch on, so we've made it easy to meet the guest where they are whether that's delivery through the Del Yeah! Rewards App, in-store, drive-thru and more." Developed in partnership with customer engagement platform Cheetah Digital, Del Yeah! Rewards enables the brand to unlock its own customer data for the benefit of its guests. The user-friendly app delivers a simplistic interface designed to resonate with each user by delivering unique messages and offers in a way they're most apt to respond to.
Twitter call buyer realizes 34% same-day gains » 08:0009/1609/16/21
Notable profits for the…
Notable profits for the buyer who lifted the $2.61 offer for 15,069 Twitter (TWTR) Oct-21 60 calls yesterday at 11:08ET when underlying shares were trading at $60.12. Shares closed at $61.84, and the calls at $3.50 for a mark-to-market profit of 34%, or $1341K, on the $3931K outlay.
#SocialStocks: Facebook faces new probe regarding negative impact on teenagers » 15:4609/1509/15/21
ZM, PINS, SNAP, TWTR, FB
European Commission announces new European Chips Act, for digital competition » 13:5509/1509/15/21
AMD, INTC, MCHP, MU, QCOM, TXN, NVDA, MRVL, TSM
President of the European…
President of the European Commission, Ursula von der Leyen, said in a policy speech at the European Parliament in Strasbourg on Wednesday that the Commission defended against "the pressures of erosion and fragmentation," brought on by the Covid pandemic. A focus of the EC president's speech was that digital remains "the make-or-break issue." Ursula von der Leyen went further to say that, "There is no digital without chips." "We depend on state-of-the-art chips manufactured in Asia. So this is not just a matter of our competitiveness. This is also a matter of tech sovereignty. So let's put all of our focus on it. We will present a new European Chips Act. We need to link together our world-class research, design and testing capacities. We need to coordinate EU and national investment along the value chain" noted the President of the European Commission, Ursula von der Leyen,earlier on Wednesday. Publicly traded companies in the space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM), Texas Instruments (TXN), Taiwan Semiconductor (TSMC) Reference Link
Quick 18% gain for $3.9M call purchase in Twitter » 13:1909/1509/15/21
Quick 18% gain for $3.9M…
Quick 18% gain for $3.9M call purchase in Twitter. Shares trading up 91c, or 1.5%, near $61.10 this afternoon with handsome gains on one of the the largest trades of the day, a 133-leg sweep buy of 15069 Oct 60 calls from $2.48 to $2.66 just after 11am when shares were $60.12.
Twitter call volume above normal and directionally bullish » 11:2509/1509/15/21
Bullish option flow…
Bullish option flow detected in Twitter with 57,594 calls trading, 3x expected, and implied vol increasing over 1 point to 36.02%. Oct-21 60 calls and Sep-21 62 calls are the most active options, with total volume in those strikes near 30,700 contracts. The Put/Call Ratio is 0.16. Earnings are expected on October 26th.
Capital One reports August net charge-offs 1.54% vs. 1.45% last month » 06:3309/1509/15/21
Reports August 30-plus…
Reports August 30-plus day delinquencies 1.79% vs. 1.71% last month.