StockTwits, founded in 2008 by Howard Lindzon and Soren Macbeth, is a leading social media platform designed specifically for investors and traders to share real-time market insights, ideas, and strategies. Headquartered in New York City, the company pioneered the use of "cashtags" (e.g., $AAPL) to organize financial discussions, initially integrating with Twitter before evolving into a standalone network.
Canaccord stated that while net-new annual recurring revenue (ARR) jumped to $221 million from $194 million in the previous quarter, overall ARR and subscription revenue growth continued to decelerate year-on-year.
Benchmark Brent crude prices fell 53 cents to $67.52 per barrel at 5.04 a.m. ET, while U.S. West Texas Intermediate crude prices fell 0.8% to $63.65 per barrel.
CEO and Chairman Charles Giancarlo said, “Our strong second quarter results demonstrate ever more customers' confidence in the value of the Pure Storage platform to advance their data storage and management."
Company-specific catalysts, including earnings news and changes in index constituents, led to heightened activity in some stocks in Wednesday’s after-hours session.
Nvidia’s CFO clarified that the company hasn’t yet resumed H20 sales in China despite a select number of the company’s China-based customers receiving licenses over the past few weeks.
