Latest news with #MOMENTUM
The Star
22-05-2025
- Business
- The Star
Tinder CEO Iosotaluno to step down in July
FILE PHOTO: Tinder Chief Operating Officer Faye Iosotaluno speaks during the Reuters-hosted MOMENTUM event in Austin, Texas, U.S., October 11, 2022. REUTERS/Spencer Selvidge/File Photo (Reuters) -Tinder CEO Faye Iosotaluno said on Thursday that she would step down in July, as the dating app aims to attract more users. Iosotaluno, who has led Tinder since January 2024, oversaw the dating platform's increased focus on personalization through deeper integration of artificial intelligence into its recommendation system. Tinder parent Match Group's CEO, Spencer Rascoff, in a LinkedIn post said he would step in to lead the Tinder team. "Tinder is in great hands with Spencer and the leadership team," Iosotaluno said in her LinkedIn post, where she announced her departure. Rascoff was appointed Match CEO in February, with a focus on tackling a slowdown in user engagement. Match earlier this month reported a 5% fall in paying users during the first quarter. The company also announced plans to cut 13% of its workforce as part of Rascoff's turnaround strategy. The online dating industry has been facing challenges, with ongoing inflation, a shortage of innovative features, and market stagnation drawing users away from popular dating apps such as Tinder and Bumble. (Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi)
Yahoo
09-04-2025
- Business
- Yahoo
Corcept Therapeutics (NasdaqCM:CORT) Rises 36% in Last Quarter
Corcept Therapeutics saw a remarkable 36% increase in its share price in the last quarter, driven by several key developments. The company's significant announcement on March 31, detailing the successful Phase 3 trial results of the ROSELLA study, likely provided a strong boost to investor confidence, as it highlighted a 30% reduction in disease progression risk for its treatment in ovarian cancer. This positive momentum was further supported by the initiation of the BELLA and MOMENTUM trials, showcasing Corcept's continuous efforts in advancing its pipeline. These developments, against a backdrop of a challenging market environment that saw a 12% decline, underscore their potential significance for Corcept's growth. We've identified 1 warning sign with Corcept Therapeutics and understanding the impact should be part of your investment process. Explore 21 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. Corcept Therapeutics' recent share price surge, partly driven by successful Phase 3 trial results, aligns with its broader growth trajectory. Over the past five years, the company's total return, including share price and dividends, reached a substantial 489.38%, highlighting its impressive long-term performance. In comparison, Corcept has outpaced the broader market return of 5.8% over the past year, showcasing its resilience in the pharmaceuticals sector. The implications of the clinical trial successes are significant for Corcept's financial forecast. The positive trial outcomes are likely to support revenue growth through increased prescriptions and potential market expansion, particularly with the anticipated FDA news for relacorilant enhancing its market potential. Analysts project that these developments, along with new market opportunities in oncology, could drive earnings upwards, potentially reaching US$768 million by April 2028. The recent share price movement towards US$91.93 places it at a 35.5% discount relative to the consensus price target of US$143.25, reflecting investor optimism tempered with caution pending future approvals and market conditions. Dive into the specifics of Corcept Therapeutics here with our thorough balance sheet health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:CORT. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
