Justin Post

Peloton Interactive Inc (NASDAQ: PTON) shares dropped 35% Friday after the company reported a wider-than-expected loss and aggressively cut its full-year guidance. Peloton reported a fiscal first-quarter EPS loss of $1.25 on revenue of $805.2 million. Both numbers fell short of consensus...

LYFT Inc (NASDAQ: LYFT) shares traded higher by 8.8% and Uber Technologies Inc (NASDAQ: UBER) gained 6.8% Wednesday after Lyft reported third-quarter earnings and revenue beats and said driver shortages are easing. Lyft reported third-quarter adjusted EPS of 5 cents on revenue of $864.4 million....

Facebook, Inc. (NASDAQ: FB) Thursday launched a series of new products in the augmented and virtual reality category during its Facebook Connect Conference. The rebranding of Facebook to Meta highlights the growing importance of non-Facebook apps like Instagram and WhatsApp, and could make a...

Amazon.com, Inc. (NASDAQ: AMZN) shares dropped 2.9% on Friday after the company reported an ugly earnings miss and disappointing guidance. Amazon reported third-quarter adjusted EPS of $6.12 on revenue of $110.8 billion. Both numbers missed consensus analyst estimates of $8.92 and $111.6 billion,...

Twitter Inc (NYSE: TWTR) shares tumbled 9.6% on Wednesday after the company disappointed the market with lackluster sales guidance. On Thursday, Twitter reported third-quarter adjusted EPS of 18 cents, beating consensus analyst estimates of 15 cents. Revenue of $1.284 billion fell just short of...

Alphabet Inc (NASDAQ: GOOGL)(NASDAQ: GOOG) reported its third-quarter revenues and earnings ahead of the Street expectations. Despite that, the stock remained broadly flat after the release. Here is a preview of the results by leading analysts. Alphabet’s Results Earnings: $27.99 per share,...

Facebook, Inc. (NASDAQ: FB) shares were retreating Tuesday after the social media giant reported yet another quarter of huge profits and impressive growth. On Thursday, Facebook reported third-quarter adjusted EPS of $3.22 beating consensus analyst estimates of $3.19. Revenue of $29.01 billion...

Snap Inc (NYSE: SNAP) shares plunged 23.2% on Friday morning following a disastrous third-quarter earnings report on Thursday afternoon and other social media stocks traded lower in sympathy. One of Friday’s big losers was Facebook, Inc. (NASDAQ: FB), and at least one Wall Street analyst...

Following changes Apple, Inc. (NASDAQ: AAPL) made to its App Store policies, Google parent company Alphabet, Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) has announced it will be cutting fees for app subscriptions sold in the Play Store from 30% to 15%. On Friday, Bank of America analyst Justin Post said...

Facebook, Inc. (NASDAQ: FB) informed advertisers Wednesday that changes Apple, Inc. (NASDAQ: AAPL) made to its iOS operating system are negatively impacting ad performance in the third quarter. However, Bank of America analyst Justin Post says the 4% sell-off in Facebook’s stock is an...

Social distancing drove a boom in the delivery business in 2020, and one analyst said Thursday that DoorDash Inc (NYSE: DASH) will be one of the biggest long-term winners from the local delivery era. The DoorDash Analyst: Bank of America analyst Justin Post upgraded DoorDash from Neutral to Buy and...

Social media stocks experienced some major volatility throughout second-quarter earnings season. On Thursday, Bank of America analyst Justin Post recapped the second quarter and highlighted which social media platforms were the biggest winners. User Growth: Post said Twitter Inc (NYSE: TWTR)...

Peloton Interactive Inc (NASDAQ: PTON) shares dropped 8.3% on Friday morning after the home exercise company reported a sharp drop in revenue growth. On Thursday, Peloton reported a fiscal fourth-quarter adjusted EPS loss of $1.05, much larger than the 45-cent loss analysts were expecting. Revenue...

A California judge ruled Proposition 22, the state's gig worker law, as unconstitutional on Friday. Although an appeal is imminent, the ruling is a “sentiment setback” both for the gig economy industry and Uber Technologies Inc (NYSE: UBER), according to BofA Securities. The...

Uber Technologies Inc (NYSE: UBER) shares gained 5.6% on Thursday after the company reported better-than-expected second-quarter revenue and earnings, but said its core business once again generated a half a billion dollar loss. Uber reported a second-quarter adjusted EPS of 58 cents on $3.93...