Latest news with #classActionLawsuit
Yahoo
19 hours ago
- Business
- Yahoo
AppLovin (NasdaqGS:APP) Reports Robust Q1 Earnings Despite Price Dip Over Last Quarter
AppLovin reported robust Q1 earnings with sales growth and improved net income, yet it faced a 4% share price decline over the last quarter. The price move contrasts with the broader market's flat performance but can be partly attributed to the substantial goodwill impairment and the securities class action lawsuit filed against the company. Despite these challenges, the ongoing share repurchase program and strategic advancements like Chartboost's new capabilities on the MAX platform may have cushioned the impact. Meanwhile, impending board changes and M&A discussions could introduce new dynamics for the company's future trajectory. AppLovin has 3 warning signs we think you should know about. Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. The recent developments surrounding AppLovin, including the goodwill impairment and class action lawsuit, may introduce uncertainties that weigh on investor sentiment. While these challenges could pressure the company's revenue and earnings forecasts in the short term, the ongoing share repurchase program and strategic investments in AI and global advertising might support long-term growth trajectories. Over a three-year period, AppLovin's total shareholder return was very large, showcasing its resilience and potential for significant value creation. Despite a recent 4% share price decline, the company's one-year performance exceeded the US Software industry's 16.8% return, indicating robust comparative growth. With a current share price of US$304.62 and analysts' price target of US$432.90, the stock remains at a substantial discount, suggesting potential for future appreciation if the company meets earnings projections. Gain insights into AppLovin's historical outcomes by reviewing our past performance 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 NasdaqGS:APP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
20 hours ago
- Business
- Yahoo
AppLovin (NasdaqGS:APP) Reports Robust Q1 Earnings Despite Price Dip Over Last Quarter
AppLovin reported robust Q1 earnings with sales growth and improved net income, yet it faced a 4% share price decline over the last quarter. The price move contrasts with the broader market's flat performance but can be partly attributed to the substantial goodwill impairment and the securities class action lawsuit filed against the company. Despite these challenges, the ongoing share repurchase program and strategic advancements like Chartboost's new capabilities on the MAX platform may have cushioned the impact. Meanwhile, impending board changes and M&A discussions could introduce new dynamics for the company's future trajectory. AppLovin has 3 warning signs we think you should know about. Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. The recent developments surrounding AppLovin, including the goodwill impairment and class action lawsuit, may introduce uncertainties that weigh on investor sentiment. While these challenges could pressure the company's revenue and earnings forecasts in the short term, the ongoing share repurchase program and strategic investments in AI and global advertising might support long-term growth trajectories. Over a three-year period, AppLovin's total shareholder return was very large, showcasing its resilience and potential for significant value creation. Despite a recent 4% share price decline, the company's one-year performance exceeded the US Software industry's 16.8% return, indicating robust comparative growth. With a current share price of US$304.62 and analysts' price target of US$432.90, the stock remains at a substantial discount, suggesting potential for future appreciation if the company meets earnings projections. Gain insights into AppLovin's historical outcomes by reviewing our past performance 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 NasdaqGS:APP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
20 hours ago
- Business
- Yahoo
AppLovin (NasdaqGS:APP) Reports Robust Q1 Earnings Despite Price Dip Over Last Quarter
AppLovin reported robust Q1 earnings with sales growth and improved net income, yet it faced a 4% share price decline over the last quarter. The price move contrasts with the broader market's flat performance but can be partly attributed to the substantial goodwill impairment and the securities class action lawsuit filed against the company. Despite these challenges, the ongoing share repurchase program and strategic advancements like Chartboost's new capabilities on the MAX platform may have cushioned the impact. Meanwhile, impending board changes and M&A discussions could introduce new dynamics for the company's future trajectory. AppLovin has 3 warning signs we think you should know about. Trump's oil boom is here — pipelines are primed to profit. Discover the 22 US stocks riding the wave. The recent developments surrounding AppLovin, including the goodwill impairment and class action lawsuit, may introduce uncertainties that weigh on investor sentiment. While these challenges could pressure the company's revenue and earnings forecasts in the short term, the ongoing share repurchase program and strategic investments in AI and global advertising might support long-term growth trajectories. Over a three-year period, AppLovin's total shareholder return was very large, showcasing its resilience and potential for significant value creation. Despite a recent 4% share price decline, the company's one-year performance exceeded the US Software industry's 16.8% return, indicating robust comparative growth. With a current share price of US$304.62 and analysts' price target of US$432.90, the stock remains at a substantial discount, suggesting potential for future appreciation if the company meets earnings projections. Gain insights into AppLovin's historical outcomes by reviewing our past performance 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 NasdaqGS:APP. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
2 days ago
- Business
- Yahoo
Red Cat Holdings (NasdaqCM:RCAT) Raises US$47 Million in Equity Offering
Red Cat Holdings recently completed a follow-on equity offering, raising $46.75 million, which could have positively influenced its share price by addressing liquidity concerns. However, the announcement of a class action lawsuit alleging exaggerated production and contract values introduced potential uncertainty. Concurrently, Red Cat's support for U.S. executive orders advancing drone technology might bolster its strategic alignment, potentially offsetting some negative impacts. Despite these developments, the 27% price increase for the quarter is contrasted against the overall market's 10% annual rise, indicating Red Cat's price move is notably divergent from broader market trends. We've identified 4 possible red flags for Red Cat Holdings (1 is a bit concerning) that you should be aware of. AI is about to change healthcare. These 22 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. Over the last five years, Red Cat Holdings' total shareholder return has increased by a very large percentage, showing substantial growth when compared to its shorter-term market performance. Within the past year, Red Cat outpaced both the general US market and the US Electronic industry, which returned 10% and 15.4% respectively. This highlights the company's significant upward trend despite current challenges. Recent corporate actions, such as the follow-on equity offering and support for technological regulations, could influence revenue positively, aligning with forecast revenue growth of over 100% per year. However, legal uncertainties might impact earnings projections, as the company remains unprofitable and is not expected to achieve profitability within the next three years. The share price remains volatile, yet analysts are consistent in forecasting a substantial increase, with a price target nearly doubling the current share price, suggesting market confidence in Red Cat's future potential despite present hurdles. Understand Red Cat Holdings' earnings outlook by examining our growth 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:RCAT. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
26-05-2025
- Entertainment
- Daily Mail
George Clooney-founded Casamigos sued for breaking cardinal rule in tequila making
In a bombshell class-action lawsuit, one of best-selling tequilas in the world, George Clooney's Casamigos, is being sued, accused of selling possibly fake tequila, to 'cut corners.' Casamigos and Don Julio, both owned by spirit company Diageo, face allegations in a federal suit of using spirits other than tequila in their bottles, while the brands market themselves as 100% agave. Tequila, which has to be exclusively made in the tequila region of Mexico from blue weber agave, can only be made of three ingredients: agave, water and yeast. As exclusively reported recently, tequila brands have been allowed to add 1% of additives like glycerin, caramel coloring, oak extract and sugar-based syrups. While even the use of additives has been controversial because they're considered a short cut to the years-long process of crafting the Mexican drink, the filing out of New York, states that Casamigos and Don Julio sold 'adulterated' booze, possibly using cheap cane sugar instead of the 100% prized blue weber agave. Meanwhile, the products are labeled as 'luxury' and 'premium,' with each bottle costing between $50 and $150 a piece. 'Tequila manufacturing requires the cultivation, fermentation, and distillation of Blue Weber Agave, and because this type of agave takes five to ten years to mature for harvest, this 'creates ongoing tension in the industry, as well as the temptation to cut corners,"' the demand reads. A less pure vision of the alcohol - known as mixtos - can be sold, but they must be labeled as only having 51% agave and are much less expensive than tequila. Casamigos is the top celebrity-backed tequila in the world Chaim Mishulovin, Avi Pusatezri, a New Yorker mixologist, and restaurant called Sushi Tokyo are the plaintiffs seeking $5 million each in damages from Diageo. Casamigos, famously founded by George Clooney and Randy Gerber (married to super model Cindy Crawford), was sold to Diageo in a $1 billion deal. TEQUILA ADDITIVES Glycerin: Chemical creates a fuller mouthfeel. Its heavy, oily texture can mask poor distillation by coating the molecules within the tequila. Oak extract: Can be used to make tequila taste like it's been aged in an oak barrel for longer than it has. Caramel coloring: Often used to create consistency in the color and flavor of aged products, like reposado or añejo tequila, from batch to batch. Jarabes: Sugar-based syrups may include natural sweeteners like agave nectar or artificial ones, like aspartame or Splenda, to sweeten a product Source: Jay Baer However, Clooney, Gerber and even his super model wife are used to market the booze, with the Casamigos Jalepeno version marketed with the model's signature birth mark and lips. While its celebrity connections have helped propel Casamigos to being the fourth-best selling tequila in the world, it is often bashed by experts for its terrible quality. 'The issue with celebrity tequila out there is that they're using unripe agave, mass producing it, and pumping it fill of artificial sweeteners just to make a buck,' declared Texas tequila coach Fonseca Aquinaga on his Instagram account. The popularity of the brand means it has shortened the time it allows agave to mature and sweeten naturally in the earth so it can be pulled from the ground and turned into alcohol. Tequila experts say larger operations outsource their blanco Tequila, buying it from a no-name mass producer before adding chemicals to it to make it taste like what their customers are used to. Casamigos contains additives, as does Don Julio, although neither declare it on their packaging. Other alcohol experts have entire reels where they plead with customers to stop wasting their money on both brands being sued. 'One of my friends is thinking about getting Don Julio blanco for $50. What do you think? I think you should get better friends. There are better choices than Don Julio Blanco, like so many better choices,' tequilajaybaer says in the clip. The owner of both brands vows to fight the allegations in the lawsuit. 'These claims of adulteration are outrageous and categorically false; Don Julio and Casamigos tequilas are crafted from 100% Blue Weber Agave and are in full compliance with the official tequila standard,' Diageo said in a statement. 'We look forward to vigorously defending the quality and integrity of our Tequilas in court.' If this case goes to trial, it may be the first time a tequila maker has to actually prove what in their product. Right now, the only tequila regulator in Mexico is the Consejo Regulador del Tequila (CRT.) The private organization is made up of tequila makers, with executives from the most profitable and big tequila brands holding the most power. The CRT uses an honor system to regulate itself. 'There is a binder in every distillery where you write down if you put additives in the product or not. The CRT looks at the binder and signs off and moves on. They don't test or smell or anything,' tequila expert Grover Sanschagrin told Punch. The CRT, also known as the 'tequila cartel,' insiders tell do not like to be challenged. Sanschagrins' website, which claims to be the most extensive tequila database in the world, catologues all the additive-free tequila, which he tested in his Guadalajara home. Last year, his home was raided in the dead of night by Mexican federal authorities, according to Mexican media. Armed police, with a warrant that included a complaint by the CRT, claimed that the Sanschagrins were using their home as an 'adulterated tequila factory.' While no one was arrested, some bottles of tequila were seized. Despite the push-back, consumers are learning about additive-free tequila and demanding it. Big alcohol stores, like Total Wine, have now started to label tequila it sells as additive-free.
