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Reddit stock zoomed 42% Wednesday after the tech firm posted a surprise quarterly profit, its first since going public last March.

Shares finished at $116.05 on trading volume more than eight times normal levels as investors registered the fact that the company is shaping up as an unexpected winner in the artificial intelligence arms race.

Earnings in the third quarter ended September 30 came in at 16 cents a share, with revenue at $348.4 million. Wall Street analysts had been expecting a loss of 7 cents a share and revenue of $314 million, according to FactSet.

Just about every metric in the quarter was up and to the right.

The number of daily active users on Reddit’s app and website increased 47% year-over-year, hitting 97.2 million. Advertising also surged 56% year to $315 million.

The most eye-opening growth, however, came in the company’s “other revenue” category. That line in the income statement captures deals Reddit has made with the...

Stars: Xander Bailey, Ryan Youngwoong Kim, Lesley Grant, Dylan J. Harris, Rashod Freelove, Carolina Vargas, Tom Sizemore | Written by Alex Heerman | Directed by Brian Nowak

No, Bullet Train Down is not a crossover of the Gerard Butler “…Down” franchise and the recent Brad Pitt film. But since it is from The Asylum you can bet it does borrow heavily from other films, in this case taking the train from Bullet Train and placing the bomb from Speed on it. Yes, in just sixteen years they’ve has gone from Snakes of a Train to Bombs on a Train, that’s progress.

Jack Banta is about to see a dream come true, the inaugural run of his company’s latest breakthrough, the world’s fastest bullet train. Among the others on board is his assistant Lou, vloggers Claire and Davey and ex-military bomb disposal expert Kessler Briggs.

If there’s a...

Amazon’s Prime Video is going big with fall TV, launching the most expensive TV series in history, “The Lord of the Rings: The Rings of Power,” and taking full control of NFL’s “Thursday Night Football.” But on the film side, things are a little less groundbreaking and more in flux as the industry waits to see what the e-commerce giant plans to do with MGM and which top movie-studio exec Amazon will select to run its film business.

Among those whom Variety hears Amazon has spoken with in recent weeks are Netflix film chief Scott Stuber, Paramount Pictures alum Emma Watts and Warner Bros. vet Toby Emmerich. But according to multiple sources familiar with the matter, though Amazon “loved” Watts and doesn’t see Stuber as being interested in this type of role, deliberations are far from over and Amazon still has distance to go before the top film exec is chosen.

The new comedic parody feature “Jurassic Domination” from The Asylum is directed by Brian Nowak, starring Eric Roberts, following dinosaurs, turned into weapons of mass destruction:

“…when two military-made, weaponized dinosaurs attack a small mountain town, it’s up to the sheriff to figure out a way to stop the creatures before the dinos escape and wreak havoc nationwide…”

Click the images to enlarge…...

The new comedic parody feature “Jurassic Domination” from The Asylum is directed by Brian Nowak, starring Eric Roberts, following dinosaurs, turned into weapons of mass destruction:

“…when two military-made, weaponized dinosaurs attack a small mountain town, it’s up to the sheriff to figure out a way to stop the creatures before the dinos escape and wreak havoc nationwide…”

Click the images to enlarge…...

Stars: Freda Yifan Jing, Wynter Eddins, Tom Sizemore, O’Shay Neal | Written by Andrea Ruth | Directed by Brian Nowak

Since The Asylum isn’t smart enough to know when to stop they’ve just released yet another shark film, Megalodon Rising. Since I’m not that smart either, I’m reviewing it. But you are smart enough not to go near one of their films without checking it out first, you’re reading it.

A Chinese warship with what appears to be a crew of three is conducting a test of a top secret espionage device just off the US coast. The test is deemed a success but moments later a giant shark rams and sinks the vessel. The only survivor is a scientist Dr. Lee (Freda Yifan Jing). She’s picked up by the USS King, under the command of Captain Lynch (Wynter Eddins). A Chinese destroyer turns up demanding the immediate return of Dr.

Megalodon Rising – releasing as a day and date theatrical on Friday, 8/27/21. Synopsis: When history’s greatest aquatic predator returns, the armada of modern warships sent to destroy it has no chance at all. Director: Brian Nowak Writer: Andrea Ruth Cast: Tom Sizemore, O’Shay Neal, Wynter Eddins

The post Asylum’s Megalodon Rising Trailer Surfaces! appeared first on Horror News | Hnn.

The new Megalodon Rising trailer shows us what happens when the military industrial complex takes on the apparently-not extinct megalodon. I'll give you three guesses and the first two don't count. I've got my bait, now I set the hook!

When history's greatest aquatic predator returns, the armada of modern warships sent to destroy it has no chance at all. Tom Sizemore along with O'Shay Neal and Wynter Eddins take on the mighty megalodon with all the military's has to offer. The film is directed by Brian Nowak and written by Andrea Ruth.

The Asylum, an independent film company and distributor known for producing low-budget, direct-to-video mockbusters, have been delighting their fans with the re-telling or embellishing of timely blockbusters since 1999. They have brought us these twists-on-the-classics Snakes on a Train, The Da Vinci Treasure, Pirates of Treasure Island, Hillside Cannibals, Allan Quatermain and the Temple of Skulls, The Day the Earth Stopped,...

Updated with closing stock price. Facebook stock rose 5.5% on Wednesday after the company announced a new feature called Shops, a virtual mall designed to help businesses suffering during Covid-19.

Shares closed the trading day at $228.90 after establishing a new all-time high of $230.75 earlier in the session.

The Shops initiative, announced Tuesday, will “make it easy for businesses to set up a single online store for customers to access on both Facebook and Instagram,” the company said in its official announcement.

After setting up a free Shops account, merchants can customize the look and feel of their virtual storefront. “This means any seller, no matter their size or budget, can bring their business online and connect with customers wherever and whenever it’s convenient for them,” the company said. Orders can then go through the website run by the business or without leaving the app if they have enabled a payment setup on Facebook.

Snapchat parent Snap Inc. is on the upswing as it prepares to report its quarterly financial results on July 23, with a resurgent stock at its highest level in nearly 18 months and a turbulent 2018 now in the rear-view mirror.

The positive momentum led Morgan Stanley analyst Brian Nowak to revise upward his projections for users, revenue and earnings and also up his 12-month price target to $13 from $9.

Despite all of that upbeat sentiment, Nowak has reaffirmed his “underweight” (sell) rating on the stock. He declared in a note to clients that the company’s “current fundamental improvements are more than fully priced into the share price.” He went on to write that Snap is “a relative laggard in our coverage and prefer to invest incremental capital in ‘overweight-‘rated Uber, Amazon and Facebook.”

It has been quite a ride for Snap investors. Amid significant turnover in the C-suite and strategic missteps...

Long-battered shares of Snapchat parent Snap Inc. soared nearly 22% today on heavy trading volume to close at $8.56, their highest level since last September.

The company’s fourth-quarter earnings report after the close of trading yesterday fueled today’s frenzy, which occurred on a day when stock markets were largely at a standstill. While the fledgling social media company has yet to turn a profit, and showed flat user growth, overall performance in the quarter exceeded expectations and served for many investors as proof Snap isn’t about to disappear.

The tech startup’s stock price is still well below the teens and low 20s, the level where it traded for more than a year after its Ipo in March 2017. Even before today’s rally, however, it had gained more than 20% in 2019 to date after bottoming out last December at just $4.82 a share.

Snap has been destabilized over the past 18 months...

Continuing its seemingly unstoppable momentum, Amazon has made good today on projections it would join Apple as the only two U.S. companies with stock market values of $1 trillion.

Amazon shares have been up more than 1% today to $2,038, just shy of the $2,050 level that conferred the $1 trillion valuation. Tech stocks overall have pushed the major stock indices to new highs in 2018, though today they have dipped into the red.

After doubling in price over the past year, Amazon stock passed the $2,000 mark on August 30. For historical context, it reached $1,000 in October 2017 after cracking the $100 barrier in October 2009.

Apple reached the $1 trillion milestone about a month ago.

Why all of the fresh enthusiasm about Amazon? Its Goliath-like strides into groceries and pharmaceuticals are factors, but another big one is advertising. The company is taking steps to make its presence felt in the $88 billion annual online ad market. One initiative is selling...

Updated with closing stock price. Amazon is on the verge of joining Apple as the only U.S. companies with a market capitalization of $1 trillion after an analyst boosted his price target for the Seattle tech giant.

In 2018 to date, shares in Amazon have gained 67% — for the past 12 months, they have risen 103%. Already in record territory, they gained another 3% today to close at $1,998.10, putting the company’s market capitalization just shy of $975 billion.

Morgan Stanley analyst Brian Nowak boosted his price target to $2,500 a share, up from his previous target of $1,800. The stock price began today’s session at $1,932.82.

Earlier this month, Apple became the first U.S. company to reach the $1 trillion level after a strong June quarter fueled by strong iPhone sales and other positive indicator.

Large-cap tech stocks have propelled stock markets to record highs in 2018, with the Nasdaq reaching the 8,000-point milestone and the Dow up...

It looks like a fair amount of people are checking out Lavar Ball on Facebook. Facebook’s Watch — its budding video platform — is off to a strong start, according to a new study from Morgan Stanley. Forty percent of Facebook users check out clips on a weekly basis, according to analysts Brian Nowak and Ben Swinburne. Watch launched last August, with the social network streaming hundreds of shows — including content from A&E, Vox, Thrillist, and debuting shows like “Ball in the Family,” following around Lakers rookie Lonzo Ball and his zany family. And Facebook — often more associated with an...

Investors in Snapchat parent Snap Inc. are seeing gains disappear faster than their stories, as the vanishing message company’s shares fell 7 percent through early afternoon trading Tuesday after a downgrade from the company’s lead underwriter, Morgan Stanley. The investment bank dropped its price target on Snap from $28 a share to $16 — below the stock’s Ipo price of $17 — and changed its rating from “overweight” to “equal weight.” In a Tuesday research note, Morgan Stanley analyst Brian Nowak said the company had changed its mind about Snap’s capacity to produce better advertising products in order to generate...