Twitter, Affirm, Robinhood and more

Traders work on the floor of the New York Stock Exchange.


Check out the companies making headlines in midday trading.

Twitter – Shares of the social media platform fell 9.7% after Elon Musk said his take-private deal is on hold pending more information about how many fake accounts exist on Twitter . Still, Musk said he was “still involved in the acquisition.”

Affirm — Shares of the buy-now, pay-later lender rose 31.4% after Affirm beat expectations for the fiscal third quarter. The company reported a loss of 19 cents a share on sales of $355 million. Analysts polled by Refinitiv had projected a loss of 51 cents a share on sales of $344 million. Affirm also announced a multi-year extension of its partnership with Shopify.

Robinhood — Shares of the investment app rose 24.9% on Friday after crypto exchange FTX CEO Sam Bankman-Fried bought a 7.6% stake in Robinhood for $648 million, after the stock hit an all-time low this week. His new position makes him the company’s third-largest shareholder.

Duolingo — Shares rose 34% after the language software company released better-than-expected quarterly earnings and earnings. Duolingo issued an upbeat quarterly sales forecast and reported a record number of active users.

Feigen — Feigen’s shares fell 25% on disappointing quarterly results. The healthcare apparel maker posted earnings of 5 cents a share on sales of $110.1 million. Analysts were expecting earnings of 6 cents a share on sales of $117.3 million, according to StreetAccount. The company also issued a weaker-than-expected sales guidance for the year.

Krispy Kreme – Shares of the donut chain rose 10.4% after an upgrade from HSBC. “We anticipate that higher pricing and scale resulting from aggressive point-of-access expansion will keep earnings expectations on track,” HSBC said.

Toast – Toast’s shares rose 4.9% after the restaurant technology and payments platform reported a loss for the most recent quarter that was smaller than Wall Street analysts had expected. The company also issued an upbeat sales forecast for the year.

Poshmark – Poshmark rose 23.9% after the company reported a quarterly loss of 18 cents a share. Wall Street analysts expected a loss of 22 cents per share, according to Refinitiv. Quarterly revenue of $90.9 million also beat estimates of $87.5 million.

The Honest Company — Shares of The Honest Company rose 8.2% after the personal care and home products maker reported a quarterly loss and sales in line with analysts’ expectations. The company also reiterated its sales guidance for the full year.

Ford Motor – Shares of the automaker rose 8.5% after Morgan Stanley upgraded the stock from underweight to equal weight as the market underestimated certain parts of the company’s business.

– CNBC’s Jesse Pound, Sarah Min, Yun Li and Hannah Miao contributed coverage Twitter, Affirm, Robinhood and more

Jane Marczewski

Jane Marczewski is a Worldtimetodays U.S. News Reporter based in Canada. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Jane Marczewski joined Worldtimetodays in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing:

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