The Meta tag, the new name of the company formerly known as Facebook, is seen at its headquarters in Menlo Park, California, October 28, 2021.
Carlos Barria | Reuters
Check out which companies are making the headlines at midday Friday.
ID pads Shares of Facebook’s parent company fell about 3% after Russia Restricted access to Instagram And the open a criminal investigation On Meta, after the company changed hate speech rules to allow violent threats against Russia and its military over its invasion of Ukraine. In addition, regulators in the European Union and the United Kingdom have opened antitrust investigations into Meta On her “Jedi Blue” advertising deal of 2018.
Rivian Cars – Rivian’s stock price fell 6.3% at midday, after the electric car maker I mentioned a profit loss in the fourth quarter and forecast modest vehicle production for 2022. Rivian expects to deliver only 25,000 vehicles in fiscal 2022.
DocuSign Shares of the electronic signature company fell 22% after DocuSign issued disappointing full-year revenue guidance. The company expected revenue for 2022 to be between $2.47 billion and $2.48 billion, well below StreetAccount’s forecast of $2.61 billion.
charging flash The electric vehicle charging company lost 10% after reporting a larger-than-expected loss for the quarter. However, Blink said momentum remains strong as the business community and government agencies tout the benefits of a robust electric vehicle infrastructure.
inspiration Oracle shares rose 1% mid-day after the software company released its latest Quarterly results. Oracle’s revenue of $10.51 billion is in line with the Refinitiv consensus estimate. The company earned an adjusted $1.13 per share, but it wasn’t clear if that matched expectations of $1.18 per share.
Pearson Shares of the educational publisher jumped 16% after the company rejected an $8.5 billion offer from Apollo Global Management. Pearson said the private equity firm offered two unpopular approaches, with proposals that reduce the value of the company.
monastery Machinery shares added about 2% after Wells Fargo issued a $455 share price target, which means an increase of 20%. The company said Deere differentiates itself from its competitors by embracing technological advances.
Didi World – The passenger services company saw a 37.4% decline after a Bloomberg report It suspends plans to list its shares in Hong Kong. According to the report, Didi has failed to meet Chinese regulators’ demands regarding how it handles sensitive user data.
Zumiez The apparel maker’s stock fell about 7% after the company reported quarterly results that did not live up to analyst expectations. Zumiez also issued guidance for the current quarter that also missed estimates.
– CNBC’s Samantha Soobin and Sarah Main contributed reporting
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