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One of the hottest exchange-traded funds is sliding again, and the selloff may only get worse.
Dogecoin (DOGE-USD) has nearly doubled in value since April, rising over 50% after another surge driven by internet users who are trying to push the coin to $1, as similar plans for "Doge Day" fell flat last month.
Cocrystal Pharma stock doubles on massive volume shortly after progress on coronavirus drug candidates
Shares of Cocrystal Pharma Inc. COCP, +72.58% more than doubled on massive record volume in afternoon trading
It took Amazon 13 years to deliver a 10,000% return to investors. It has now taken Dogecoin five months. The cryptocurrency (DOGE-USD) hit a new all-time high of $0.60 on Tuesday, pushing Dogecoin's market cap north of $70 billion to become the fourth-most valued coin, according to Yahoo Finance's data partner CoinMarketCap. That's now larger than the market cap of Moderna, one of the companies shipping COVID-19 vaccines to save the world from the pandemic.
Exclusive: Facebook revenue rises 48%, users slightly below expectations
Facebook smashed expectations on both earnings and revenue in Q1, and the stock is up about 5% after hours.
Facebook stock price was up more than 6% in after-hours trading on Wednesday after the company released its first-quarter earnings, beating Wall Street’s expectations for earnings and revenue.
Here’s how the social media giant fared in the quarter, relative to estimates compiled by Refinitiv:
Earnings: $3.30 pe
r share vs. $2.37 per share forecast Revenue: $26.17 billion vs. $23.67 billion expected
Daily active users (DAUs): 1.88 billion vs. 1.89 billion forecast by FactSet
Monthly active users (MAUs): 2.85 billion vs. 2.86 billion forecast by FactSet
Average revenue per user (ARPU): $9.27 vs. $8.40 forecast by FactSet
The company reported revenue of $26.17 billion for the quarter, which was up 48% compared with a year prior. Facebook’s net income grew 94% to $9.5 billion, from $4.9 billion a year prior.
Facebook attributed the significant increase in revenue to a 30% year-over-year increase in the average price per ad and a 12% increase in the number of ads delivered.
The company also said it expects its 2021 capital expenditures to be in the range of $19-21 billion, which is down from the prior estimate of $21-23 billion that it had provided.