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Hims & Hers Health, Inc. ( NYSE:HIMS – Get Free Report )’s share price was up 3.6% during mid-day trading on Thursday . The stock traded as high as $29.47 and last traded at $29.16. Approximately 1,420,068 shares changed hands during trading, a decline of 86% from the average daily volume of 10,024,792 shares. The stock had previously closed at $28.15. Analysts Set New Price Targets A number of equities research analysts have commented on HIMS shares. Canaccord Genuity Group increased their target price on Hims & Hers Health from $28.00 to $38.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Hims & Hers Health from $23.00 to $27.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. TD Cowen reissued a “buy” rating and issued a $28.00 target price on shares of Hims & Hers Health in a research note on Wednesday, November 20th. Piper Sandler reaffirmed a “neutral” rating and set a $21.00 price target (up from $18.00) on shares of Hims & Hers Health in a research note on Tuesday, November 5th. Finally, Morgan Stanley initiated coverage on shares of Hims & Hers Health in a research report on Tuesday, December 17th. They issued an “overweight” rating and a $42.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.80. Get Our Latest Research Report on Hims & Hers Health Hims & Hers Health Stock Down 6.8 % Hims & Hers Health ( NYSE:HIMS – Get Free Report ) last released its quarterly earnings data on Monday, November 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.26. The business had revenue of $401.56 million for the quarter, compared to analyst estimates of $382.20 million. Hims & Hers Health had a return on equity of 10.97% and a net margin of 8.19%. The company’s revenue was up 77.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) EPS. Equities research analysts anticipate that Hims & Hers Health, Inc. will post 0.29 EPS for the current fiscal year. Insiders Place Their Bets In related news, COO Melissa Baird sold 58,750 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $19.57, for a total transaction of $1,149,737.50. Following the transaction, the chief operating officer now directly owns 630,166 shares of the company’s stock, valued at approximately $12,332,348.62. The trade was a 8.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, CFO Oluyemi Okupe sold 269,739 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $20.31, for a total value of $5,478,399.09. Following the completion of the transaction, the chief financial officer now owns 145,763 shares of the company’s stock, valued at approximately $2,960,446.53. This represents a 64.92 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 1,133,132 shares of company stock worth $28,059,037 over the last ninety days. 17.71% of the stock is owned by company insiders. Institutional Inflows and Outflows A number of institutional investors have recently made changes to their positions in the company. Quest Partners LLC grew its holdings in Hims & Hers Health by 5,944.1% during the 2nd quarter. Quest Partners LLC now owns 3,566 shares of the company’s stock valued at $72,000 after purchasing an additional 3,507 shares in the last quarter. CWM LLC boosted its position in Hims & Hers Health by 21.4% in the 3rd quarter. CWM LLC now owns 5,982 shares of the company’s stock valued at $110,000 after buying an additional 1,054 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of Hims & Hers Health during the second quarter valued at about $111,000. Quarry LP increased its position in shares of Hims & Hers Health by 91.0% during the third quarter. Quarry LP now owns 6,113 shares of the company’s stock worth $113,000 after acquiring an additional 2,913 shares during the last quarter. Finally, Amalgamated Bank increased its position in shares of Hims & Hers Health by 55.9% during the second quarter. Amalgamated Bank now owns 6,566 shares of the company’s stock worth $133,000 after acquiring an additional 2,354 shares during the last quarter. 63.52% of the stock is owned by institutional investors and hedge funds. About Hims & Hers Health ( Get Free Report ) Hims & Hers Health, Inc operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally. The company offers a range of curated prescription and non-prescription health and wellness products and services available to purchase on its websites and mobile application directly by customers. 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NEW YORK (AP) — It’s almost that time of year: Spotify is gearing up to release its annual Wrapped, personalized recaps of users' listening habits and year in audio. Read this article for free: Already have an account? As we navigate through unprecedented times, our journalists are working harder than ever to bring you the latest local updates to keep you safe and informed. Now, more than ever, we need your support. Starting at $14.99 plus taxes every four weeks you can access your Brandon Sun online and full access to all content as it appears on our website. or call circulation directly at (204) 727-0527. Your pledge helps to ensure we provide the news that matters most to your community! NEW YORK (AP) — It’s almost that time of year: Spotify is gearing up to release its annual Wrapped, personalized recaps of users' listening habits and year in audio. Read unlimited articles for free today: Already have an account? NEW YORK (AP) — It’s almost that time of year: Spotify is gearing up to release its annual Wrapped, personalized recaps of users’ listening habits and year in audio. Spotify has been giving its listeners breakdowns of their data since 2016. And each year, it’s become a bigger production — and internet sensation. Spotify said its 2023 Wrapped was the “biggest ever created,” in terms of audience reach and the kind of data it provided. So, what will 2024 have in store? Here’s a look at what to know ahead of this year’s Spotify Wrapped. What exactly is Spotify Wrapped? It’s the streaming service’s annual overview of individual listening trends, as well as trends around the world. Users learn their top artists, songs, genres, albums and podcasts, all wrapped into one interactive presentation. The campaign has become a social media sensation, as people share and compare their Wrapped data with their friends and followers online. Past iterations have provided users with all kinds of breakdowns and facts, including whether they’re among an artist’s top listeners, as well as a personalized playlist of their top 100 songs of that year to save, share and listen to whenever they’re feeling nostalgic. Spotify also creates a series of playlists that reflect national and global listening trends, featuring the top streamed artists and songs. In 2023, Taylor Swift was Spotify’s most streamed artist, unseating Bad Bunny who had held the title for three years in a row. Each year has something new in store. In 2019, Wrapped included a summary of users’ streaming trends for the entire decade. Last year, Spotify matched listeners to a Sound Town based on their artist affinities and how it lined up with those in other parts of the world. When is the expected release date? So far, the streaming platform has kept the highly anticipated release date of Wrapped under ... er, wraps. In past years, it’s been released after Thanksgiving, between Nov. 30 and Dec. 6. Each year, rumors tend to swell on social media around when Spotify stops collecting data in order to prepare their Wrapped results, and this year was no exception. Spotify quickly squashed those presumptions, assuring on social media that “Spotify Wrapped doesn’t stop counting on October 31st.” A representative for Spotify did not respond to a request for comment on when the company stops tracking data for Wrapped. Where can I find my Spotify Wrapped? When Wrapped is released, each user’s Spotify account will prompt them to view their interactive data roundup. It can be accessed through the Spotify smartphone app, or by logging on to the Spotify website. Wrapped is available to users with and without Premium subscriptions. What else can I learn with my Spotify data? There are a handful of third-party sites that you can connect your Spotify account to that will analyze your Wrapped data. How Bad is Your Spotify is an AI bot that judges your music taste. Receiptify gives you your top songs on a sharable graphic that looks like, yes, a receipt. Instafest gives you your own personal music festival-style lineup based on your top artists. How NPRCore Are You assesses how similar your music taste is to NPR Music’s. What if I don’t have Spotify? Other major streaming platforms such as Apple Music and YouTube Music have developed their own versions of Wrapped in recent years. Apple Music’s Replay not only gives its subscribers a year-end digest of their listening habits but monthly summaries as well — a feature that helps differentiate itself from the one-time Spotify recap. That’s released at the end of the calendar year. YouTube Music, meanwhile, has a similar end-of-the-year release for its listeners, as well as periodic seasonal releases throughout the year. It released its annual Recap for users earlier this month. Advertisement AdvertisementAuthored by Sam Dorman via The Epoch Times (emphasis ours), The Supreme Court made a wave of historic and game-changing decisions in 2024 on topics ranging from presidential immunity to social media and ballot disqualification. The presidential election combined with rising administrative law disputes helped tee up controversies that put the court and its decisions in the spotlight. Legal precedent flowing from those decisions created rippling effects for other cases and how entire branches of government are expected to make decisions. Here are several of the biggest cases this term. One of the most politically controversial cases this term stemmed from President-elect Donald Trump’s now-dismissed election interference case in Washington. In Trump v. United States, Trump appealed the case with the argument that under the Constitution, presidents should enjoy immunity from criminal prosecution. It was the first major Supreme Court precedent establishing presidential immunity since 1982 in Nixon v. Fitzgerald, wherein the court held that presidents enjoy immunity from civil liability for actions taken within the outer perimeter of his duties. By taking up the case earlier this year, the Supreme Court created a lengthy delay for the pre-trial process and the case was eventually dismissed because of Trump’s election win. The court’s decision set a major historical precedent by outlining the contours of criminal immunity. For unofficial acts, presidents are not immune, while for official acts, presidents enjoy certain levels of immunity, according to the decision. The majority offered some broad guidance on distinguishing between official and unofficial acts but acknowledged that doing so “can be difficult.” Chief Justice John Roberts said that lower courts should not inquire into a president’s motives and that they could not deem something unofficial “merely because it allegedly violates a generally applicable law.” While courts should base their distinctions on what a president’s discretionary authority entails, some conduct could qualify “even when not obviously connected to a particular constitutional or statutory provision.” Trump has attempted to apply that decision to his other criminal cases, including one still playing out in New York. For example, Trump argued in New York that prosecutors improperly used evidence, including testimony, that was prohibited under the immunity decision. However, New York Supreme Court Justice Juan Merchan said that the evidence in question related “entirely to unofficial conduct” and was therefore not protected. It’s unclear how exactly the new precedent should be applied, and future cases involving presidents could help iron out the details. While the Supreme Court offered a broad outline of immunity, it remanded Trump’s election case in Washington for further determinations by the lower court regarding specific conduct. The case has since been dismissed . Before the immunity ruling in June, Trump prompted another historic ruling from the high court in March. In Trump v. Anderson, the court wrestled with how to interpret a provision of the 14th Amendment that disqualifies insurrectionists from serving in certain government offices. The legal debate surrounding the topic was extensive with multiple critical points on which the court could base its decision. Some argued that Trump, as a former president, wasn’t the type of “officer of the United States” who was subject to disqualification under Section 3 of the 14th Amendment. Others disagreed with the Colorado Supreme Court’s decision that Trump had engaged in insurrection—on Jan. 6, 2021—as covered by that section. A unanimous Supreme Court ultimately held that states, including Colorado, could not disqualify candidates for federal office as Congress was responsible for enforcing Section 3. Like the immunity decision, the decision in Trump v. Anderson also revealed divisions in the court. The court’s decision was 9–0 but justices produced separate concurrences that raised speculation that Justice Sonia Sotomayor might have initially intended to dissent. Justice Amy Coney Barrett issued a standalone concurrence in which she suggested the court’s more liberal justices used overly heated rhetoric while agreeing that the court’s conservatives went too far in their majority opinion. Sotomayor’s concurrence, which was joined by Justices Elena Kagan and Ketanji Brown Jackson, accused the majority of attempting to insulate all alleged insurrectionists from future challenges to their holding federal office. Another high-profile case arose from Jan. 6 defendants challenging the Department of Justice’s (DOJ) application of a financial reform law in their prosecutions. The DOJ had charged some defendants with violating the Sarbanes-Oxley Act of 2002, which contains provisions related to document destruction and obstructing an official proceeding. The section in question reads: “Whoever corruptly—alters, destroys, mutilates, or conceals a record, document, or other object, or attempts to do so, with the intent to impair the object’s integrity or availability for use in an official proceeding; or otherwise obstructs, influences, or impedes any official proceeding, or attempts to do so, shall be fined under this title or imprisoned not more than 20 years, or both.” The DOJ had argued that the second portion, starting with “or otherwise obstructs” allowed prosecutions that targeted obstructive conduct in a catch-all way that included methods other than those mentioned at the beginning of the section. A majority of the Supreme Court, including Justice Ketanji Brown Jackson, disagreed in Fischer v. United States and held the following: “To prove a violation of §1512(c)(2), the Government must establish that the defendant impaired the availability or integrity for use in an official proceeding of records, documents, objects, or other things used in an official proceeding, or attempted to do so.” It’s unclear how Trump and his DOJ will apply the Fischer decision to the defendants’ unique circumstances. Sarbanes-Oxley carries a 20-year maximum sentence. In November, the DOJ said it was reviewing cases of “approximately 259 defendants who, at the time Fischer was decided, were charged with or convicted of violating 18 U.S.C. § 1512 to determine whether the charge should continue to be prosecuted.” The DOJ said that after Fischer, the government “decided to forgo the Section 1512(c)(2) charge for approximately 96 defendants, will continue to pursue the charge for approximately 13 defendants, and continues to assess the remaining defendants.” Read the rest here...
Troops sustain onslaught against oil thieves, recover 80,000 litres of stolen crudeThe Monsoon Session of Parliament is set to commence on Monday, with expectations of heated debates as the government and opposition prepare to clash over a range of critical issues. Scheduled to run from 25 November to 20 December, the session comes on the heels of assembly election results in Maharashtra and Jharkhand. Amid anticipations of a stormy session, Parliamentary Affairs Minister Kiren Rijiju appealed for smooth conduct in both the Lok Sabha and Rajya Sabha during an all-party meeting on Sunday. “The government is open to discussing all issues, but our only request is to ensure smooth conduct of proceedings,” Rijiju said, emphasising the importance of peaceful discussions to ensure all members have an opportunity to participate. The meeting, chaired by Defence Minister Rajnath Singh, witnessed participation from 42 leaders and floor managers representing 30 parties. The government highlighted its legislative agenda, which includes at least 17 bills, while opposition leaders raised various issues for inclusion in the session’s discussions. Parliament Monsoon Session: Waqf Amendment Bill Listed For Consideration The government has listed 16 bills for consideration during the session, including the Waqf (Amendment) Bill, the Coastal Shipping Bill, the Indian Ports Bill, and the Merchant Shipping Bill, aimed at fulfilling India’s maritime treaty obligations, news agency PTI reported. Other significant items include: Punjab Courts (Amendment) Bill: To enhance the monetary jurisdiction of Delhi district courts from ₹3 lahks to ₹20 lahks and First Batch of Supplementary Demands for Grants (2024-25): Presentation, discussion, and voting. The Waqf (Amendment) Bill is pending in the Lok Sabha and will be considered after the Joint Parliamentary Committee (JPC) submits its report, likely by the end of the first week of the session. However, opposition members have sought an extension, accusing committee chair Jagdambika Pal of hastening proceedings. The Bharatiya Vayuyan Vidheyak, passed by the Lok Sabha, is also pending in the Rajya Sabha. According to the Rajya Sabha Secretariat, 19 sittings are scheduled for the session, during which the government aims to address economic and social welfare issues, including discussions on the Mukhyamantri Majhi Ladki Bahin Yojana and other key development schemes. Parliament Monsoon Session: Constitution Day Celebration On 26 November, Parliament will commemorate the 75th anniversary of the Constitution’s adoption with an event in the Central Hall of the Samvidhan Sadan, the old Parliament building. President Droupadi Murmu will attend the event, during which key documents related to the Constitution’s drafting will be unveiled. ALSO READ | Congress Demands Discussion On Adani, Pollution, Train Accidents During Parliament Winter Session Parliament Monsoon Session: INDIA Bloc Leaders To Chalk Out Floor Strategy As Congress Seeks To Raise Adani Bribery Allegations, Manipur Violence The INDIA bloc aims to formulate a coordinated strategy to address concerns over economic policies, social justice, and the ongoing ethnic violence in Manipur. The Congress has prioritised the Adani bribery allegations for discussion as the first issue when Parliament convenes. Additionally, the party intends to address issues such as the ongoing ethnic violence in Manipur, the alarming air pollution in northern India, and recent train accidents, PTI reported. Leaders from other opposition parties, including the CPI, CPI(M), TMC, AAP, DMK, Shiv Sena (UBT), and NCP, are expected to support these demands. The INDIA bloc, representing the opposition, will meet under Congress President Mallikarjun Kharge on Monday to strategise a united response to the government’s legislative agenda. The session begins amidst contrasting political moods, with the NDA celebrating a victory in Maharashtra while the INDIA bloc retained power in Jharkhand. These outcomes are expected to influence the tone of debates, with both camps likely to use the results to bolster their narratives. Rijiju assured that suggestions from the all-party meeting would be shared with the Lok Sabha Speaker and Rajya Sabha Chairman. He also stressed the government’s commitment to inclusivity in finalising the session’s agenda through the business advisory committees of both Houses. As Parliament prepares for what is expected to be a contentious session, all eyes are on the government and opposition to see how they navigate critical and contentious issues like the Waqf Amendment Bill. While there is speculation that the government might introduce bills related to simultaneous elections during this session, these are not currently on the official agenda.
Braun to restructure Indiana agencies into a Cabinet-style modelNoneDay of martyrs, oppressed observed Protesters associated with Majlis Wahdat-e-Muslimeen sit on the road at Numaish during a demonstration organised by the religious party over the Parachinar situation — PPI/File Rawalpindi : Tehreek-e-Nifaz-e-Fiqh-e-Jafariya (TNFJ) observed the “Day of Martyrs and the Oppressed” nationwide with a spirit of national solidarity to pay tribute to the sacrifices of martyrs of religion and the nation, says a press release. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); This was in commemoration of Shaheed-e-Maidan Safdar Ali Naqvi and Shaheed-e-Zindan Ashraf Ali Rizvi, who embraced martyrdom during the struggle for Azadari (mourning rituals) and other Shia demands. Solidarity was also expressed with the oppressed people of Parachinar (Kurram Agency). On this occasion, after Friday prayers, protest gatherings were held in central mosques, where religious scholars condemned the deteriorating and extremely dire situation in Parachinar. They expressed deep concern over the large number of innocent civilians being martyred and the continued loss of lives due to the lack of essential food and medicine during the severe winter. This situation was termed a failure of both the provincial and federal governments. In Rawalpindi, the TNFJ Regional Council organized a protest rally titled “Azmat-e-Shuhada” from Liaquat Bagh Chowk to Committee Chowk on Murree Road. The rally was led by TNFJ Pakistan’s Vice President Bawa Syed Farzand Ali Shah Kazmi, Secretary General Allama Raja Basharat Hussain Imami, Regional President Allama Shabihul Hassanain Kazmi, General Secretary Shaukat Abbas Jafri, religious scholars, political and social figures, and mourning procession leaders. Thousands of protesters marched on Murree Road, passing through Committee Chowk to the shrine of Sakhi Shah De Tahlian.
Peyton Falzone announced on social media on Wednesday that he has de-committed from Virginia Tech. The star quarterback at Nazareth who was voted the Eastern Pennsylvania Conference’s offensive player of the year, Falzone had committed to Virginia Tech in June. But in recent weeks he has announced on the same X platform that he has or will be visiting places such as Wisconsin, Iowa and Ohio State. “After deep thought and consideration, I’ve made the difficult decision to decommit from Virgnia Tech at this time,” he wrote. “From Day One, my family and I were treated with love and respect by the entire staff at Virginia Tech. I am deeply thankful to [head] coach Ben Pry, coach [Tyler] Bowen [the team’s offensive coordinator] and everyone in the Hokie family who believed in me and supported my development. I’ll always have great respect and love for Blacksburg. Reflecting on discussions with my family, I felt it was necessary to make this change. It didn’t feel right to be visiting othe schools while being locked in with Virginia Tech. I owe it to myself, my family, and the schools recruiting me to be fully invested in every opportunity I receive during this important time.” Falzone, listed at 6-foot-5 and 200 pounds, is coming off a stellar junior season in which led the Blue Eagles to a 7-4 record, 4-3 in the EPC. He has a four-star rating and is considered one of the nation’s top quarterback prospects in the Class of 2026. In Top247 rankings earlier this month, he was rated No. 195 nationally and the No. 16 quarterback. He threw for 2,136 yards and 23 touchdowns with just five interceptions among his 267 throws. He also ran for 743 yards and eight touchdowns, averaging a league-best 10.6 yards per carry. Over the past two years, he has thrown for 4,664 yards and 42 touchdowns and has ran for 1,183 yards and 19 TDs. “Re-opening my commitment, I am eager to embrace the next steps in this journey,” he said. “I’m looking forward to working hard this offseason, not only continuing growing as a quarterback, but also as a teammate and leader. This new chapter is an opportunity to grown and I’m excited for what lies ahead.”
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A wild first season of the expanded Big 12 is down to what should be a chaotic final weekend. Through all the upsets, unexpected rises and falls, there are nine teams still in the mix to play in the conference championship game. No. 14 Arizona State and No. 17 Iowa State have the best odds, yet a multitude of scenarios could play out — 256 to be exact. There's even the possibility of an eight-team tie. It may take a mathematician to figure out which teams are in the Dec. 7 game in Arlington, Texas — even for the ones who win. Travis Hunter, Colorado. The Buffaloes' two-way star has excelled on both sides of the field, making him one of the favorites to win the Heisman Trophy. Cam Skattebo, Arizona State. The senior running back can do a little of everything, but excels at punishing would-be tacklers. He's one of the nation's leaders in yards after contact and the focal point of the Sun Devils' offense. Shadeur Sanders, Colorado. If it weren't for Hunter, Sanders might be the Heisman favorite. The son of coach Deion Sanders, Shedeur is fifth nationally with 3,488 yards passing and has been a big part of the Buffaloes' turnaround. DJ Giddens, Kansas State. The Wildcats' running back is one of the nation's most versatile players. He is ninth nationally with 1,271 rushing yards and has added 21 receptions for 258 yards. Tetairoa McMillan, Arizona. The Wildcats have struggled this season, but McMillan has not. He is third nationally with 1,251 receiving yards with seven touchdowns on 78 catches. Jacob Rodriguez, Texas Tech. The Red Raiders' junior linebacker leads the Big 12 with 68 tackles, averaging 10.2 per game. He also has four sacks. Brendan Mott, Kansas State. He's a menace to opposing quarterbacks, leading the Big 12 with 8 1/2 sacks. The Big 12 has nine teams already bowl eligible and two more a win away. The winner of the Big 12 championship game will be in the mix for a College Football Playoff spot. Arizona State, Iowa State, No. 19 BYU, Colorado, Kansas State, Baylor, TCU, Texas Tech and West Virginia have already clinched bowl berths. Kansas and Cincinnati can get into the postseason with wins this weekend. Gus Malzahn, UCF. Despite successes in recruiting, the Knights are 10-14 in two seasons since moving to the Big 12. Maybe not enough to get shown the door this year, but another mediocre season could lead UCF to make a change. Kyle Whittingham, Utah. Whittingham was one of the Pac-12's best coaches, leading the Utes to consecutive conference titles. Utah was expected to contend for the Big 12 title its first year in the league, but enters the final weekend 1-7 in conference play, which could push Whittingham toward retirement since it's doubtful he'd be fired. Neal Brown, West Virginia. The Mountaineers' coach was in a precarious spot at the end of last season and West Virginia hasn't lived up to expectations this season. The Mountaineers are eligible to go to a bowl game for the second straight season, but Brown could be on the hot seat even after signing a contract extension before the season. Josiah Trotter, West Virginia. The redshirt freshman is the latest Trotter to have success at the linebacker position, following the footsteps of his father, former Philadelphia Eagles player Jeremiah Trotter, and brother Jeremiah Trotter Jr., a current Eagles linebacker. Sam Leavitt, Arizona State. The Michigan State transfer has been just what the Sun Devils' needed: an agile quarterback who extends plays with his legs and rarely makes bad decisions. Bryson Washington, Baylor. The Bears' running back has rushed for 812 yards — 196 against TCU — and 10 TDs. TCU has the Big 12's highest rated 2025 recruiting class with six four-star players among 26 commitments, according to the 247 Sports composite. Receiver Terry Shelton of Carrollton, Texas, is the highest-rated recruit at 71st nationally. Baylor is next with five five-star players among its 20 commitments, including running back Michael Turner, rated 13th at his position out of North Richland Hills, Texas. Texas Tech is ranked seventh in the Big 12, but has four four-star recruits. Get local news delivered to your inbox!FBRX Stock Soars to 52-Week High, Reaching $21.47
Force Sensors Market to reach Huge Growth by 2031: Tekscan, TE Connectivity, Sensitronics, Texas Instruments, ATI Industrial AutomationVideo-sharing platform Rumble announced that it plans to allocate up to $20 million in Bitcoin for its crypto treasury. The video-sharing and cloud services company announced yesterday that its board has approved a strategy to diversify its corporate treasury by allocating up to $20 million of spare cash to Bitcoin. “We believe that the world is still in the early stages of the adoption of Bitcoin, which has recently accelerated with the election of a crypto-friendly U.S. presidential administration and increased institutional adoption. Unlike any government-issued currency, Bitcoin is not subject to dilution through endless money-printing, enabling it to be a valuable inflation hedge and an excellent addition to our treasury,” said Rumble Chairman and CEO Chris Pavlovski. Related Stories Octa answers the important question: how long will the Bitcoin bull run continue? Crypto-Strophe sinks 203,722 traders as Bitcoin melts below $93K The Chairman went further to reveal his vision for Rumble to become the leading video and cloud services platform for the crypto community. “We are also excited to strengthen our ties with crypto and to bolster our efforts to become the leading video and cloud services platform for the crypto community,” Pavlovski added. Rumble announces this move when Bitcoin is retracting and has failed to breach the $100,000 mark. Rumble however noted that the strategy is flexible and might be paused or discontinued at any time. Rumble joins the ranks of Microstrategy and other corporate firms investing in Bitcoin and setting up strategic reserves. Microstrategy remains the largest corporate holder of Bitcoin. The Business intelligence firm got into Bitcoin in 2020 during the lockdown and has grown its Bitcoin holdings to $386,700. Rumble’s move to put $20 million into crypto is not an isolated case as several firms have also made moves to invest in crypto especially Bitcoin. These public companies are usually seeking to leverage Bitcoin and a store of value and hedge against inflation. Genius Group, an artificial intelligence firm, recently disclosed plans to invest $4 million to the crypto as part of its “Bitcoin-first” strategy. Other firms include Anixa Biosciences, a cancer-focused biotech firm, which announced on Nov. 22 its decision to allocate a portion of its treasury to Bitcoin stressing the crypto asset’s ability to serve as a perfect hedge against inflation. Bitcoin is currently exchanging hands for $93,649 dropping from its peak $99,000 price level from days ago. Analysts still believe the asset will cross the psychological $100,000 barrier before the year ends. Microstrategy stocks are highly sought after due to its heavy investment in Bitcoin. The business intelligence firm has acquired the most of BTC and plans to buy even more over the next three years.
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