NetworkNewsBreaks

WednesdayJan 15, 2025 11:15 am

NetworkNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Plans Workforce Reduction

Meta (NASDAQ: META) is a leading technology company known for its social media platforms, including Facebook, Instagram and WhatsApp. The company is currently planning to reduce its workforce by about 5% through performance-based terminations. Despite these reductions, Meta plans to hire new employees to fill these roles within the year, as highlighted by Riley Griffin on “The Asia Trade.” The current stock price of Meta is $594.25, showing a decrease of 2.31% or $14.08. This decline in stock price may reflect investor concerns about the workforce reduction and its potential impact on the company’s operations. Today, the stock has traded…

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WednesdayJan 15, 2025 9:25 am

NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Reports 39% Revenue Growth in Q3 Fiscal 2025 Results

FingerMotion (NASDAQ: FNGR), posted $8.53 million in revenue for Q3 fiscal 2025, a 39% year-over-year increase driven by its Telecommunications Products & Services division. The SMS & MMS segment saw revenue jump to $44,457, compared to $7,900 in Q3 fiscal 2024, while Big Data revenue was $0, down from $5,584. Gross profit fell 30% to $0.44 million due to a 47% rise in the cost of revenue, but quarterly net loss improved to $1.66 million, a 15% reduction from the prior year. CEO Martin Shen highlighted the company's strengthened financial position, including a working capital surplus of $9.43 million, and…

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WednesdayJan 15, 2025 8:30 am

NetworkNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Outlines 2025 Roadmap Toward Production, Exploration and Clean Mining

ESGold (CSE: ESAU) (OTCQB: ESAUF) has released its 2025 outlook, highlighting a transition from preparation to execution as the Company targets first gold and silver production at the fully permitted Montauban Project in early Q3. Key objectives include finalizing construction financing, launching systematic exploration using Ambient Noise Tomography, and announcing results from clean processing trials. ESGold also aims to secure non-dilutive capital, pursue Quebec grants, and activate a $2 million operating credit line at production start. With uplisting to OTCQB and DTC eligibility expected imminently, ESGold is positioned to unlock near-term cash flow and long-term growth. To view the full…

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WednesdayJan 15, 2025 8:15 am

NetworkNewsBreaks – HealthLynked Corp. Names Jeremy Daniel as Chief Financial Officer

HealthLynked (OTCQB: HLYK) a provider of healthcare technology solutions, has appointed Jeremy Daniel as its new Chief Financial Officer, effective immediately. With over 20 years of experience in healthcare, biotechnology, and finance, Daniel brings expertise in financial management, strategic planning, and organizational growth. Previously CFO at Innoveren Scientific, he has a strong track record in fundraising, mergers, and acquisitions, having raised over $100 million in funding. CEO Michael Dent, M.D., highlighted Daniel's alignment with HealthLynked's mission to innovate and expand its healthcare technology solutions. Daniel, a CPA and Xavier University MBA graduate, expressed enthusiasm for advancing the company's financial strategies…

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WednesdayJan 15, 2025 8:00 am

NetworkNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Reports Financial Results and Waterberg Project Progress

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) announced financial results for the three months ended Nov. 30, 2024, and provided updates on its Waterberg Project in South Africa. The mechanized, shallow mine is designed to produce platinum, palladium, rhodium, and gold ("PGMs") alongside copper and nickel by-products, aiming to be among the world's largest and most cost-effective underground PGM operations. Near-term objectives include advancing to a development decision, securing construction financing, and finalizing concentrate offtake agreements. Additionally, the company continues collaborating with Anglo American Platinum and Florida International University through Lion Battery Technologies Inc. to integrate platinum and palladium…

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TuesdayJan 14, 2025 2:22 pm

NetworkNewsBreaks – Rumble Inc. (NASDAQ: RUM) Secures Cloud Services Agreement with El Salvador Despite Financial Challenges

Rumble (NASDAQ: RUM) is a video-sharing platform and cloud services provider that has recently secured a significant cloud services agreement with the Government of El Salvador. This partnership underscores Rumble’s commitment to freedom-oriented values, which are increasingly sought after globally. The agreement involves Rumble providing El Salvador with a comprehensive suite of cloud services, including cloud storage, computing, databases, load balancers, and Kubernetes integration. This strategic move allows Rumble to expand its international market presence and diversify its service offerings. Despite this promising partnership, Rumble faces financial challenges. The company has a negative price-to-earnings (“P/E”) ratio of approximately -16.90, indicating…

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TuesdayJan 14, 2025 2:12 pm

NetworkNewsBreaks – VStock Transfer Featured in Stock2Me Podcast

IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, has announced the release of the latest episode of the Stock2Me Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. Seth Farbman, chairman and president of VStock Transfer, a stock transfer firm serving private companies, IPOs and issuers listed on the NYSE American, NASDAQ and OTC Markets, joined the program to discuss unique ways that VStock Transfer supports companies during the IPO journey. “VStock Transfer is unique, because we can do as much handholding or as little handholding as…

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TuesdayJan 14, 2025 12:45 pm

NetworkNewsBreaks – Adageis Featured in BioMedWire Podcast

Adageis was featured in the latest episode of the BioMedWire Podcast, as part of IBN’s sustained effort to provide specialized content distribution via widespread syndication channels. Shane Speirs, CEO of Adageis, joined the program to provide an introduction to the company’s business model. “Healthcare is a complicated place, and navigating the system is extremely difficult for patients. On the healthcare delivery side, it's also tough. Classically, there have been different reimbursement methods for healthcare services in the United States, but many agree the future is value-based care,” Speirs explained. “What Adageis does is provide a simple solution to healthcare organizations…

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TuesdayJan 14, 2025 12:20 pm

NetworkNewsBreaks – VenHub Global Inc. Launches First Autonomous Smart Store in North Hollywood

VenHub, an emerging AI and robotics technology company, has announced the opening of its first fully autonomous Smart Store, now live at 11720 Vanowen Street in North Hollywood, California. The store was sold to one of VenHub’s valued customers who is excited to introduce a next-generation shopping experience to the local community. “I want to thank our shareholders and our partners for their support, and I also want to recognize the entire VenHub team for their passion, hard work and dedication to creating a Smart Store that will change the retail landscape for generations,” said Shahan Ohanessian, CEO of VenHub.…

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TuesdayJan 14, 2025 10:33 am

NetworkNewsBreaks – Annovis Bio Inc. (NYSE: ANVS) Secures U.S. Patent for Acute Neurodegenerative Treatment

Annovis Bio (NYSE: ANVS), a late-stage clinical drug platform company, has received a U.S. patent for methods using buntanetap to treat and prevent acute brain and nerve injuries. The patent, issued on Jan. 2, 2025 (US-2025-0000846-A1), covers buntanetap’s ability to reduce neurotoxicity and mitigate neurodegenerative processes in conditions such as stroke, ischemia, traumatic brain injury, and micro infarcts. Already patented in the EU, Japan, and globally, this approval enhances Annovis’ intellectual property portfolio. CEO Maria Maccecchini, Ph.D., emphasized buntanetap's potential to protect and restore neuronal health, expanding its applications beyond Alzheimer’s and Parkinson’s disease. To view the full press release,…

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