Latest news with #Platforms
Business Wire
03-08-2025
- Business
- Business Wire
APPLOVIN INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of AppLovin Corporation
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ('KSF'), announces that KSF has commenced an investigation into AppLovin Corporation (NasdaqGS: APP). On February 26, 2025, analyst research reports highlighted that the Company was engaging in 'Ad Fraud' and other dubious practices including reverse engineering and exploiting advertising data from Meta Platforms, and utilizing manipulative practices to artificially inflate their own ad click-through and app download rates, such as by having ads click on themselves or utilizing design gimmicks to trigger forced shadow downloads, erroneously inflating installation numbers and, in turn, its profit figures. Then, on March 26, 2025, Muddy Waters Research reported that the Company systematically used proprietary third-party data in ways that violated the terms of service of Facebook, Google, Snap, Reddit, as well as other platforms, potentially leading to backlash and service blocking and threatening the sustainability of the Company's revenue growth. Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information in violation of federal securities laws, which remains ongoing. KSF's investigation is focusing on whether AppLovin's officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws. If you have information that would assist KSF in its investigation, or have been a long-term holder of AppLovin shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn ( or visit to learn more. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services To learn more about KSF, you may visit
Economic Times
31-07-2025
- Business
- Economic Times
US stock futures hit record peaks as Meta, Microsoft results get AI boost
Futures tied to the S&P 500 and Nasdaq surged to record highs on Thursday after strong earnings from tech giants Meta and Microsoft reinforced investor confidence that artificial intelligence investments are paying off. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Futures tied to the S&P 500 and Nasdaq surged to record highs on Thursday after strong earnings from tech giants Meta and Microsoft reinforced investor confidence that artificial intelligence investments are paying Platforms soared 11.5% in premarket trading after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising issued a record capital spending outlook of $30 billion for the current quarter and reported higher-than-expected sales in its Azure cloud computing business. The stock surged 8.3%.Other tech heavyweights such as Amazon and Nvidia also climbed 3.2% and 1.6%, respectively, while Microsoft was on track to hit a $4 trillion market capitalization for the first 05:53 a.m. ET, Dow E-minis were up 151 points, or 0.34%, Nasdaq 100 E-minis were up 302.5 points, or 1.29%, and S&P 500 E-minis were up 60.5 points, or 0.95%.The Wall Street indexes are also set for monthly gains amid easing trade tensions and renewed enthusiasm around Wednesday, the S&P 500 and blue-chip Dow ended lower as Federal Reserve Chair Jerome Powell diluted investor expectations for an interest rate cut in September after the central bank kept rates unchanged, as widely said it was too early to predict a September rate cut, adding that current policy is not restricting the economy. The statement came after stronger-than-expected GDP data for the second on Personal Consumption Expenditure (PCE) - the Fed's preferred inflation gauge - for June is due to be released at 08:30 a.m. ET. Traders see a 56.8% chance for a September rate cut, according to the CME Group's FedWatch also braced for Friday's non-farm payrolls data and tariff deadline set by U.S. President Donald Trump, who has vowed to not grant any extension to trading partners that fail to secure a officials said European liquor could face 15% tariffs from August 1 until a different agreement is reached, with talks set to continue in the announced a trade deal with South Korea on Wednesday, setting an import tariff of 15% for the Asian country, down from a threatened 25%.However, caution prevailed after he threatened to impose a 25% tariff on India, even as the two nations remain at the negotiating other stocks, Applied Digital soared 26% after the data center operator surpassed estimates for quarterly revenue, thanks to AI-driven demand for its cloud infrastructure.
Wall Street Journal
25-07-2025
- Business
- Wall Street Journal
Meta to Halt Political Advertising in EU, Citing Transparency Rules
Meta META 0.39%increase; green up pointing triangle Platforms said it would stop political adverts being displayed on its social networks in the European Union from October, citing an incoming law designed to tackle misinformation and foreign interference in elections. 'From early October 2025, we will no longer allow political, electoral and social issue ads on our platforms in the EU,' the company said in a blog post on Friday.
Economic Times
18-07-2025
- Business
- Economic Times
Jio extends its ‘unlimited offer' with free JioHotstar access. What are the key benefits for its users?
Agencies This is an AI-generated image. After a strong response during the cricket season, Jio has extended its 'Unlimited Offer' this quarter, offering users on Rs 299 and above plans a 90-day free JioHotstar subscription in 4K for TV and mobile, along with a 50-day free trial of JioFiber or AirFiber for home use against a refundable deposit of Rs Platforms reported strong financial and operational performance for the quarter ended June 2025, with EBITDA rising 23.9% year-on-year to ₹18,135 crore. Net profit grew 24.8% to ₹7,110 crore. The company added 9.9 million net subscribers during the quarter, supported by gains in the mobility segment and record additions in home broadband connections. Monthly churn stood at 1.8%, while total subscriber base reached 498.1 million as of June 30, 2025. JioTrue5G users crossed the 200-million mark, reaching 212 million by the end of the quarter. Fixed broadband connections touched nearly 20 million, and JioAirFiber became the world's largest fixed wireless access (FWA) service with 7.4 million also launched JioGames Cloud, a cloud-based gaming platform offering access to over 500 titles across devices without dedicated hardware. Average revenue per user (ARPU) rose to ₹208.7, aided by tariff hikes and seasonal factors. Per capita data usage reached 37 GB/month, with total data traffic up 24% year-on-year to 54.7 billion GB. Free JioHotstar Subscription: All eligible Jio prepaid and postpaid users will get a complimentary JioHotstar subscription under the "Jio Home Unlimited Offer 2025". Who Can Avail the Offer – Prepaid Users: Jio prepaid users who recharge with ₹349 or above plans that include at least 1.5 GB data per day are eligible. Who Can Avail the Offer – Postpaid Users: Jio postpaid users with plans starting from ₹349 per month or more (including new customers or those changing their plan) are eligible. Not Eligible: The offer is not applicable to users of JioBharat, JioPhone, or voice-only value plans. Other Eligibility Conditions: To avail the offer, users must be active Jio prepaid or postpaid subscribers and enrolled in the Jio Prime membership. Offer Validity: The offer is available for a limited time starting from July 1, 2025. The end date will be decided by Jio. Offer Benefits: The benefits will be available during the validity period of the eligible recharge or postpaid plan. Free JioHotstar Access: Jio prepaid and postpaid users on eligible plans can get up to 3 months of complimentary JioHotstar (JHS) subscription in 4K. Eligibility – Prepaid Users: Recharge with ₹349 or above (plans with 1.5 GB/day or more). Recharge within 48 hours of expiry to continue benefits for the 2nd and 3rd months. Prepaid Benefits: Recharge valid for 28–30 days: 1 month JHS. Recharge valid for 28–56 days: 2 months JHS (recharge again within 48 hrs for 3rd). Recharge valid beyond 56 days: 3 months JHS. Eligibility – Postpaid Users: Active postpaid plan of ₹349/month or higher. Valid for new activations or plan changes during the offer period. Eligible postpaid users get full 3-month JHS subscription. Not Eligible: JioBharat, JioPhone, and voice-only value plans. Jio Home WiFi Offer 50-Day Free Home Internet Trial : Eligible Jio prepaid/postpaid users get a free trial of JioFiber or JioAirFiber for 50 days. : Eligible Jio prepaid/postpaid users get a free trial of or for 50 days. Eligibility – Prepaid : New users recharging with ₹349. Existing users recharging with ₹349+ plans (1.5 GB/day or more). ₹100 data add-on recharge is also eligible. : Eligibility – Postpaid : Active monthly plan of ₹349 or above. ₹100 data add-on recharge also qualifies. : Upfront Payment : ₹500 refundable deposit, returned as five ₹100 vouchers after 6 months (one voucher redeemable at a time). : ₹500 refundable deposit, returned as five ₹100 vouchers after 6 months (one voucher redeemable at a time). How to Avail : Express interest via MyJio app or . Offer activation is on a first-come, first-served basis and subject to technical feasibility. : Post Offer : After 50 days, users will be auto-migrated to the ₹599 JioFiber/JioAirFiber postpaid plan. :
Finextra
08-07-2025
- Business
- Finextra
Worldpay Embedded Payments now available worldwide
Worldpay Embedded Payments are now available around the world as the fintech giant grows its platform capabilities for payment integrations that are smooth and can grow with the business. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The expansion gives businesses the power to offer customised, real-time payments right on their platforms, which makes things easier for users and more efficient for the business. The demand for embedded financial services is growing fast with 90% of small- and medium-sized businesses indicating access to financial products and services from within their software platforms is critical, according to Worldpay® research. To meet this demand, Worldpay is expanding its Worldpay for Platforms offering to Canada and the United Kingdom, while deepening its presence in Australia. This offering empowers software providers to embed highly secure, scalable payment experiences directly within their platforms. With global scale, deep payments expertise, and personalized relationship management, Worldpay helps thousands of SaaS providers deliver great experiences and accelerate their growth. 'As business software tools converge into unified experiences, we're investing in embedded payments to help SaaS providers become the everything platforms for their users,' said Matt Downs, head of Worldpay for Platforms. 'We are committed to serving our current software platforms and new clients in the key geographies where they do business by making embedded solutions easier to integrate and elevating the experiences they provide their users.' This latest expansion of Worldpay Embedded Payments shows that the company is dedicated to making platform-driven commerce work in all areas and industries. Worldpay for Platforms is making complex financial services easier for developers to create native software experiences that enable automated reconciliation and single point of service support for merchants. One such customer benefitting from Worldpay for Platforms' Canadian expansion is accommodation platform CampLife: 'Because we are able to embed and customize the payment experience within our software offering, Worldpay is helping us drive value for our clients with an enhanced, seamless end-to-end experience,' said Tyler Duffy, president at CampLife. 'Not only does this improve the lives of our clients who use our software to manage their business, it brings new levels of convenience to the camping experience when people are booking their getaways.' Worldpay for Platforms provides a fully managed payments service that reduces risk, simplifies compliance, and allows platform providers to focus on their core services. This service enables easier payment integration, creating a centralized hub for customer transactions and enhancing business management tools. With a modern API architecture, Worldpay for Platforms offers a single point of integration for credit and debit cards, direct debit, digital wallets, and more payment methods, setting it apart from many UK providers. 'Embedded payments are a growth engine,' said Alison Morris, SVP and GM of international platforms at Worldpay. 'By offering integrated payment experiences that are trusted, secure and designed around the end-customer, vertical software providers can unlock new revenue streams, increase retention and strengthen loyalty. By launching across these new geographies, we're helping our partners deliver more value, grow faster and stand out in increasingly competitive markets.' Worldpay Embedded Payments are going to change how platforms handle seamless, scalable transactions across markets and industries when they are rolled out around the world.
