Shares of Take-Two Interactive (TTWO) fell on Thursday despite strong fourth-quarter results. The company gave a weak outlook, weighing on the stock price.
Cracker Barrel Old Country Store (CBRL) shares are under pressure after the company cut its dividend plan by nearly 80%. This is due to the company switching focus to upgrading its brand and physical locations.
Reddit (RDDT) stock is soaring after the company announced a new partnership with OpenAI. The deal will allow OpenAI to use Reddit’s data to train language models at scale.
Yahoo Finance’s Josh Lipton and Julie Hyman explain the details.
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video transcript
Take-Two stock fell after reporting fourth-quarter earnings and the video game maker’s full-year forecast for next year was lower than expected, with the company posting full-year net bookings of $5.5 billion to $5.6 billion.
This is far less than expected, which was about $7 billion.
Talk about adjusted even-out and adjusted earnings per share estimates, even though that week’s outlook takes two days into the fiscal fourth quarter.
And here’s one more important thing. We’re excited to announce that the long-awaited Grand Theft Auto Six is ​​coming in the fall of 2025.
Previously, fans were told that the release would be next year, with no specific timing given, but they also learned that the restaurant chain announced plans to cut its dividend by about 80% to 25 cents per share. As a result, the stock price of Cracker Barrel, a long-established country store, plummeted. .
The cuts come as the company looks to spend millions of dollars upgrading its brand and stores.
After announcing a 14% partnership with OpenAI, the CEO said that we must be better than others to compete in an increasingly tough environment, and the agreement grants OpenAI access to Reddit’s internal data. , Reddit’s chairman rose because it enables open AI tools such as: Chad GP T training with reddit content.
The deal also brings new AI capabilities to the social media company’s site, and makes OpenAI an advertising partner for Reddit.
Josh, that’s what Reddit was talking about when they announced IP O, and I might be interested in this kind of thing as well.
Yeah.
Yeah.
know.
I’d like to know how Reddit users feel about this.
That’s an interesting question, let’s ask it.
