Blue Foundry (NASDAQ:BLFY) Stock, Quote.Headers.trade-ideas

Blue Foundry

Blue Foundry Bancorp is a full-service bank. Its business consists of originating one-to-four-family residential, multi-family, and non-residential real estate mortgages, home equity loans and lines of credit, and commercial and industrial loans. It attracts retail deposits from the general public in the areas surrounding its banking offices, through its borrowers, and through its online presence, offering a wide variety of deposit products. The bank also invests in securities. Its revenues are derived from interest on loans and, to a lesser extent, interest on mortgage-backed and other investment securities. The company's sources of funds are deposits, principal, and interest payments on loans, securities, and borrowings from the Federal Home Loan Bank of New York.

Long Ideas

News

Small Cap

Markets

Trading Ideas

ATLC

BLFY

KPLT

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Top 4 Financial Stocks That May Explode This Quarter

Pre-Market Outlook

Movers

AACG

AEHR

AGMH

AOUT

ATOS

BBIG

BLND

BYRN

CARV

CTIB

ELYS

ERIC

FGEN

FRLN

GSX Techedu Inc. American Depositary Shares

GOTU

GXGX

JCTCF

JZXN

KDMN

KRBP

MAPS

MRNA

MYPS

NEGG

NEPT

NINE

PETZ

RCAT

RPID

SBEV

SEER

TCRX

TMDX

TRIB

TYHT

UNCY

VERB

WHLM

Gainers


	Red Cat Holdings, Inc. (NASDAQ: RCAT) shares jumped 41.2% to settle at $7.10 on Friday.


50 Biggest Movers From Friday

Blue Foundry Bancorp

<ul>
<li>Reported $2.2 billion in preliminary&#x2A; full-year 2024 global product net sales, inclusive of $737 million in fourth quarter sales</li>
<li>Pre-filled syringe FDA PDUFA on track for April 2025 to support reaching patients earlier in treatment paradigm</li>
<li>10 ongoing registrational studies in 2025 across efgartigimod and empasiprubart enable next wave of indications</li>
<li>Empasiprubart to be evaluated in two head-to-head registrational studies against IVIg to position C2 inhibitor for broad, early-line use in MMN and CIDP</li>
<li>Transition to sustainable profitability in 2025 enables continued investment in innovation</li>
</ul>

ARGX

argenx Preliminary 2024 Financial Results: $2.2B In Annual Product Sales, $737M In Q4 Revenue, And $3.4B In Cash Reserves

<ul>
<li>Klinge Biopharma GmbH (Klinge) holds the exclusive global commercialization rights for FYB203, Formycon's biosimilar candidate to Eylea&#xAE;1</li>
<li>Agreement builds on the proven and successful collaboration of commercialization of FYB201, Formycon's biosimilar to Lucentis&#xAE;2 (ranibizumab) in Europe</li>
<li>The partnership broadens Teva's biosimilars portfolio, in line with its Pivot to Growth strategy &nbsp;</li>
</ul>

TEVA

Teva Partners With Formycon And Klinge To Commercialize Biosimilar To Eylea In Europe And Israel

<ul>
<li>The VENTANA Kappa and Lambda Dual ISH mRNA Probe Cocktail assay is the first clinically approved in-situ hybridisation (ISH) test with the sensitivity to assess the full spectrum of B-cell lymphoma subtypes.1,2</li>
<li>The test helps differentiate a B-cell cancer from a normal, reactive immune response, offering diagnostic certainty for healthcare providers and their patients.</li>
<li>B-cell lymphoma accounts for approximately 85 percent of non-Hodgkin lymphoma (NHL) cases, which is one of the most common cancers in the US.3</li>
</ul>

RHHBF

RHHBY

RHHVF

Roche's VENTANA ISH Test Secures FDA Clearance For Accurate B-Cell Lymphoma Diagnosis

Sarclisa obtains first approval in China for the treatment of adult patients with relapsed or refractory multiple myeloma
<ul>
<li>Approval based on positive pivotal ICARIA-MM phase 3 study using the China-based IsaFiRsT real-world study as bridging data, which demonstrated Sarclisa and the standard treatment Pd, improved responses and long-term outcomes compared to Pd alone in R/R MM patients</li>
<li>Sarclisa-Pd is currently recommended by the Chinese Society of Clinical Oncology (CCSCO) and Chinese Anti-Cancer Association (CACA) treatment guidelines for this patient population&nbsp;</li>
</ul>

Sanofi's Sarclisa Gains First Approval In China, Expanding Access For Patients With Relapsed Or Refractory Multiple Myeloma

<ul>
<li>Enhances Lantheus' growth profile with Neuraceq&#xAE;, a globally approved F-18 PET imaging agent used to detect beta-amyloid plaques in patients evaluated for Alzheimer's Disease</li>
<li>Advances Lantheus' radiopharmaceutical leadership with addition of Alzheimer's radiodiagnostic commercial infrastructure, expanded pipeline, and enhanced R&amp;D capabilities</li>
<li>Transaction expected to be accretive to adjusted EPS within the first 12 months</li>
<li>Company to host conference call on January 13, 2025, at 8:30 AM EST</li>
</ul>

LNTH

Lantheus Strengthens Radiopharmaceutical Leadership With $350M Acquisition Of Life Molecular Imaging

Amazon.com Inc. founder Jeff Bezos voiced confidence in the competitive landscape of the commercial space industry, despite President-elect Donald Trump&#8216;s close ties with rival Elon Musk&#8216;s SpaceX, as Blue Origin prepares for a <a href="https://www.benzinga.com/25/01/42906684/blue-origin-pushes-new-glenn-launch-to-no-earlier-than-sunday">pivotal rocket launch.</a>
What Happened: &#8220;Elon has been very clear that he&#8217;s doing this for the public interest and not for his personal gain. And I take him at face value,&#8221; Bezos told Reuters in Cape Canaveral, Florida, where Blue Origin&#8217;s 30-story New Glenn rocket awaits its debut launch. 
The launch was <a href="https://www.benzinga.com/25/01/42906684/blue-origin-pushes-new-glenn-launch-to-no-earlier-than-sunday">rescheduled to Jan. 12</a> due to high seas in the Atlantic Ocean where the company plans to recover its booster.
The timing is significant as Musk, who invested over $250 million in Trump&#8217;s election campaign, has advocated for direct Mars missions over lunar exploration. This stance has sparked industry concerns about potential changes to NASA&#8217;s existing space programs under the incoming <a href="https://www.benzinga.com/general/space/25/01/42838062/jeff-bezos-vs-elon-musk-blue-origin-looks-to-fly-new-glenn-for-first-time-on-same-day-as-starships-7th-test-flight">Trump administration</a>.
&#8220;What we shouldn&#8217;t do is start and stop things. We should continue with the lunar program for sure,&#8221; Bezos emphasized, adding that both lunar and Martian missions are essential. Amazon.com, where Bezos serves as executive chairman, has pledged $1 million to <a href="https://www.benzinga.com/25/01/42931869/jeff-bezos-amazon-to-pay-40-million-for-melania-trump-documentary-report">Trump&#8217;s inauguration fund</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42937107/mark-zuckerberg-criticizes-apple-for-stagnation-highlighting-years-long-rivalry-with-tim-cook-heres-the-backstory">Mark Zuckerberg Criticizes Apple For Stagnation, Highlighting Years-Long Rivalry With Tim Cook: Here&#8217;s The Backstory</a>
Why It Matters: The Federal Aviation Administration (FAA) recently authorized Blue Origin&#8217;s five-year commercial space launch license for New Glenn operations. The vehicle&#8217;s first mission will serve as a certification flight for National Security Space Launch missions, carrying the company&#8217;s <a href="https://www.benzinga.com/news/24/05/38909990/90-year-old-breaks-record-as-oldest-astronaut-with-blue-origins-launch">Blue Ring Pathfinder payload</a>.
Blue Origin&#8217;s $3 billion NASA contract for lunar landing missions positions it alongside SpaceX in the agency&#8217;s space exploration strategy. &#8220;This is our first flight and we&#8217;ve prepared rigorously for it,&#8221; said Jarrett Jones, SVP of New Glenn, acknowledging the ambitious goal of recovering the <a href="https://www.benzinga.com/25/01/42906684/blue-origin-pushes-new-glenn-launch-to-no-earlier-than-sunday">booster on this maiden flight</a>.
Bezos has previously maintained an optimistic outlook despite industry speculation about potential policy shifts under <a href="https://www.benzinga.com/startups/24/12/42417117/jeff-bezos-shrugs-off-worries-about-musks-influence-on-the-trump-administration-if-that-turns-out-to-be-naive-well-well-see">the incoming Trump administration</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/health-care/25/01/42935746/is-elon-musks-mental-health-a-cause-for-concern-biographer-thinks-so">Is Elon Musk&#8217;s Mental Health a Cause for Concern? Biographer Thinks So</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SPACE

Tech

Jeff Bezos Says He Takes Elon Musk At 'Face Value' Despite His Close Ties To Trump, Dismisses Concerns About SpaceX Undercutting Blue Origin

W&T Offshore Announces Private Offering Of $350M To Replace 2026 Notes And Repay Term Loan

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has increased the price of all Model Y and Model 3 variants in Canada by C$1,000 (about $692).
What Happened: The Model Y now starts at C$60,990 ($48,485) in Canada for the base rear-wheel-drive variant and at C$69,990 for the more premium Performance variant.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model Y Variant</td>
<td>New Starting Price (CAD)</td>
<td>Older Starting Price (CAD)</td>
</tr>
<tr>
<td>Rear-Wheel Drive</td>
<td>60,990</td>
<td>59,990</td>
</tr>
<tr>
<td>All-Wheel Drive</td>
<td>64,990</td>
<td>63,990</td>
</tr>
<tr>
<td>Performance</td>
<td>69,990</td>
<td>68,990</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Tesla</figcaption></figure>
Tesla has likewise hiked the prices of all Model 3 variants in the country. The Model 3 now starts at C$55,990, up from C$54,990. 
The Long Range All-Wheel Drive variant Model 3 now starts at C$60,990, while the Performance variant starts at C$70,990. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model 3 Variant</td>
<td>New Starting Price (CAD)</td>
<td>Older Starting Price (CAD)</td>
</tr>
<tr>
<td>Rear-Wheel Drive</td>
<td>55,990</td>
<td>54,990</td>
</tr>
<tr>
<td>All-Wheel Drive</td>
<td>60,990</td>
<td>59,990</td>
</tr>
<tr>
<td>Performance</td>
<td>70,990</td>
<td>69,990</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Tesla</figcaption></figure>
Why It Matters: Tesla&#8217;s price hikes are not limited to Canada. 
Last week, the company hiked the price of all variants of the Model 3 in China by 3,600 yuan. 
Tesla also launched a refreshed Model Y in China on Thursday. The refreshed vehicle starts at&nbsp;<a href="https://www.benzinga.com/tech/25/01/42905406/tesla-launches-refreshed-model-y-in-china-amid-rising-competition" target="_blank" rel="noreferrer noopener">263,500 yuan on Tesla&#8217;s China website</a>, nearly 5.4% pricier than the older version of the vehicle which started at 249,900 yuan.&nbsp;
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42905406/tesla-launches-refreshed-model-y-in-china-amid-rising-competition" target="_blank" rel="noreferrer noopener">Tesla Launches Refreshed Model Y In China Amid Rising Competition</a></li>
</ul>
Photo courtesy: Tesla

TSLA

Tesla Hikes Model 3, Y Prices In Canada By C$1000 After Announcing Price Increase In China

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Trade Balance (USD) For December 104.84B Vs. 100.00B Est.; 97.44B Prior

Reported Earlier, China Imports (YoY) For December 1.0% Vs. -1.5% Est.; -3.9% Prior

Reported Earlier, China Exports (YoY) For December 10.7% Vs. 7.3% Est.; 6.7% Prior

The cryptocurrency market witnessed significant downsides last week, although some coins exhibited resilience with meaningful gains.
What happened: BGB, the utility token for the centralized exchange Bitget, emerged as the best performer, rallying more than 11% over the week.
The Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) based coin has more than doubled in value during the last month, reaching an all-time high of $8.45 in the final week of 2024.
XDC, belonging to the XDC Network, was the second-highest gainer, lifting 5.42% over the week.&nbsp;
The XDC Network is a Layer-1 blockchain that aids in the tokenization of real-world assets.&nbsp;
Payments-focused cryptocurrency XRP rose 4.54%, becoming the most successful large-cap cryptocurrency in the last week.
Part of the excitement stemmed from Ripple Labs President Monica Long&#8217;s statement that an <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42878368/xrp-etf-very-soon-likely-next-after-bitcoin-and-ethereum-ripple-president-says">XRP exchange-traded fund</a> would be approved &#8220;very soon.&#8221;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>7-Day Gains +/-</td>
<td>Price</td>
</tr>
<tr>
<td>Bitget Token (CRYPTO: BGB)</td>
<td>+11.83%</td>
<td>$6.80</td>
</tr>
<tr>
<td>XDC Network (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">XDC</a>)</td>
<td>+5.42%</td>
<td>$0.101</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>+4.54%</td>
<td>$2.53</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936962/shytoshi-kusama-outlines-treat-tokens-usefulness-ahead-of-launch-optimistic-whales-buy-up-shiba-inu">Shytoshi Kusama Outlines TREAT Token&#8217;s Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu</a>
Blue-chip currencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) <a href="https://www.benzinga.com/25/01/42936775/bitcoin-ethereum-dogecoin-rise-as-greed-sentiment-takes-over-top-analyst-says-breaking-this-resistance-level-could-be-pivotal-for-btc">had a rough week</a>, losing 4.88% and 11.63%, respectively.
Popular meme-based cryptocurrencies like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) also entailed heavy losses, sinking 14% and 11.65%, respectively.
The global cryptocurrency market capitalization contracted 6.7% to $3.29 trillion from $3.52 trillion the week before.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$DOGE

$ETH

$SHIB

$XDC

$XRP

Bitcoin, Ethereum Lost Way But XRP Made Promising Headway — Here Are The Best Performers From Last Week

An investor dumped Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) tokens at a loss on Sunday as the second-largest cryptocurrency capped off the week with double-digit negative returns.
What happened: A prominent whale, which controlled three wallets, swapped 10,070 Ether for 33 million in stablecoin Dai (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/dai/usd">DAI</a>), losing a million in the sale, according to Lookonchain.
The investor withdrew 24,029 Ether for a little over $81 million from cryptocurrency exchange Binance three weeks ago. After the latest sale, the investor was left with a bag of 13,959 ETH, worth $45.48 million.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whales are dumping <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> at a loss! 9 hours ago, 3 wallets(likely belonging to the same whale) sold 10,070 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> for 33M <a href="https://twitter.com/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DAI</a> at $3,280, losing $1M. This whale withdrew 24,029 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($81.3m) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> via 10 new wallets 3 weeks ago and currently holds 13,959 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($45.48M).… <a href="https://t.co/5lqFegRu3i">pic.twitter.com/5lqFegRu3i</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1878626686293643481?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, the bearish sentiment wasn&#8217;t limited to any single entity. According to blockchain analytics firm IntoTheBlock, net inflows to exchanges <a href="https://app.intotheblock.com/">spiked</a> 791% to $338 million in the last 24 hours, suggesting that more ETH was entering than leaving exchanges, presumably to be sold off. 
Large transactions, valued at $100,000, also jumped by over 70%, implying greater engagement by whales.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42890745/us-government-granted-permission-to-liquidate-65-billion-in-bitcoin-seized-from-silk-road-case-report">US Government Silk Road Bitcoin Holdings Drop To 0 Amid Report DOJ Approved To Sell $6.5 Billion Worth Of Crypto</a>
Why It Matters: The second-largest cryptocurrency was in the middle of a corrective phase that has eroded over 11% of its value in a week.
The coin&#8217;s momentum indicators painted a bearish picture. The Moving Average Convergence Divergence indicator, which compares a stock's short-term price to its long-term price, flashed a ‘Sell&#8217; signal, <a href="https://in.tradingview.com/symbols/ETHUSD/technicals/">according </a>to TradingView. The Relative Strength Index, used to measure if the asset is overbought or oversold, was in the &#8220;Neutral&#8221; zone. 
However, derivatives traders were confident of a recovery. More than 82% of all traders on Binance with an active contract were long on Ethereum, according to the Long/Short Ratio.
Price Action: At the time of writing, Ethereum was exchanging hands at $3,250.93, down 0.92% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the coin was down 2.86%, compared to a 46% upside in 2024.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42890191/trump-themed-nfts-launch-on-bitcoin-network-for-first-timeheres-what-you-should-know">Trump-Themed NFTs Debut On Bitcoin Network — One Card Gets Listed At $1.9 Million</a></li>
</ul>
Photo courtesy: Shutterstock

$DAI

$SOL

Ethereum Whale Offloads $33 Million In ETH At A Loss As Crypto Sinks 11% In A Week — This Is What Indicators Suggest

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg criticized Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) for its lack of innovation and restrictive policies during a recent Joe Rogan podcast appearance on Saturday, escalating a long-standing rivalry between <a href="https://www.benzinga.com/25/01/42931722/steve-jobs-invented-the-iphone-and-now-theyre-justsitting-on-it-mark-zuckerberg-hints-at-apples-potential-downfall-amid-iphone-makers-random-rules">Silicon Valley&#8217;s tech giants</a>.
What Happened: &#8220;Steve Jobs invented the iPhone and now they&#8217;re just kind of sitting on it 20 years later,&#8221; Zuckerberg said, suggesting Apple hasn&#8217;t &#8220;really invented anything great in a while.&#8221; He also claimed Meta&#8217;s profits could double without Apple&#8217;s &#8220;random rules&#8221; and 30% App Store commission.
The criticism comes as Apple faces mounting regulatory pressure over its App Store policies. The U.S. Department of Justice is pursuing antitrust action against the iPhone maker, while European Union regulations are forcing <a href="https://www.benzinga.com/tech/24/11/42086154/apple-to-argue-for-dismissal-of-doj-antitrust-case-over-alleged-us-smartphone-market-domination">changes to its closed ecosystem</a>.
This latest clash follows years of tension between the two companies, dating back to 2014 when Apple CEO Tim Cook first criticized Facebook&#8217;s data collection practices. The relationship deteriorated further after the 2018 Cambridge Analytica scandal when Cook publicly stated on MSNBC that he &#8220;wouldn&#8217;t be in this situation&#8221; regarding Facebook&#8217;s privacy issues.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936887/trumps-treasury-pick-scott-bessent-reveals-up-to-500000-bitcoin-stake-via-blackrocks-etf">Trump&#8217;s Treasury Pick Scott Bessent Reveals Up To $500,000 Bitcoin Stake, $521M In Assets</a>
Why It Matters: The conflict intensified in 2021 when Apple introduced privacy features requiring apps to get user permission for tracking, significantly impacting Meta&#8217;s advertising revenue. Zuckerberg reportedly told executives that Facebook needed to &#8220;inflict pain&#8221; on Apple in response, according <a href="https://www.nytimes.com/2021/04/26/technology/mark-zuckerberg-tim-cook-facebook-apple.html">to</a> the New York Times.
More recently, Zuckerberg <a href="https://www.benzinga.com/news/24/04/38424000/mark-zuckerberg-shades-apple-vision-pro-once-again-calls-it-fashionable-ai-glasses-without-a-display">questioned the market viability</a> of Apple&#8217;s Vision Pro headset during Meta&#8217;s first-quarter 2023 earnings call, suggesting consumers would prefer &#8220;fashionable AI glasses without a display.&#8221;
For investors, this ongoing rivalry highlights fundamental differences in business models: Meta&#8217;s advertising-dependent, data-driven approach versus Apple&#8217;s hardware-focused, privacy-centric strategy. While Meta&#8217;s stock surged on Thursday, reaching $615.01, Apple shares have declined 2.34% to $237.02, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42936751/mark-zuckerberg-backs-nvidia-ceo-jensen-huangs-view-on-quantum-computing-its-still-quite-a-ways-off">Mark Zuckerberg Backs Nvidia CEO Jensen Huang&#8217;s View On Quantum Computing: &#8216;It&#8217;s Still Quite A Ways Off&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Equities

AAPL

Mark Zuckerberg Slams Apple On Joe Rogan Podcast, Says They Are 'Sitting' On Steve Jobs' Legacy — But Meta CEO's Feud With Tim Cook Is Nothing New

Shytoshi Kusama, the mysterious personality associated with the Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) ecosystem, explained the utility and significance of the soon-to-be-launched TREAT token.
What happened: In a Saturday blog post, Kusama said TREAT stands for &#8220;Transactional Rewards for Engagement &amp; Access Token,&#8221; placing it at the center of the so-called technology stack, the 36 Chambers of Tech.
&#8220;It's truly a game changer when you combine it with the access it provides our Shibizens,&#8221; Kusama said, underscoring TREAT&#8217;s significance as a governance, reward, and utility token.
The 36 Chambers of Tech <a href="https://www.benzinga.com/24/12/42679813/shytoshi-kusama-celebrates-as-shibainus-virtual-world-shib-the-metaverse-goes-live-on-christmas">are pieces of technology</a> that the ecosystem developed during the cryptocurrency bear market, including decentralized exchange&nbsp;ShibaSwap,&nbsp;Layer-2 chain Shibarium, and the virtual space,&nbsp;Shib: The Metaverse.
Kusama added that many of these technologies will extensively use TREAT to power their operations.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42890745/us-government-granted-permission-to-liquidate-65-billion-in-bitcoin-seized-from-silk-road-case-report">US Government Silk Road Bitcoin Holdings Drop To 0 Amid Report DOJ Approved To Sell $6.5 Billion Worth Of Crypto</a>
TREAT is the latest addition to the Shiba Inu&#8217;s token arsenal, one that already includes SHIB, the pre-eminent meme coin,&nbsp;Doge Killer&nbsp;(LEASH),&nbsp;Bone ShibaSwap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONE</a>). 
The Shiba Inu team has announced a TREAT airdrop, outlining steps to claim the tokens ahead of the formal launch on Jan. 14.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">How to Claim Your <a href="https://twitter.com/search?q=%24TREAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TREAT</a> Tokens 1.Create an Account: Sign up on one of the approved exchanges: BitGet, KuCoin, or <a href="https://t.co/psZPw60hxx">https://t.co/psZPw60hxx</a>. 2.Submit Your Details: Visit the official Shib page at <a href="https://t.co/KBMdomim9y">https://t.co/KBMdomim9y</a>, then provide your user ID and deposit address. 3.Get…
&mdash; 
</blockquote></div></figure>

$BONE

Shytoshi Kusama Outlines TREAT Token's Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu

Scott Bessent, President-elect Donald Trump&#8216;s nominee for Treasury Secretary, has disclosed owning between $250,001 and $500,000 in the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), according to financial documents released Saturday by the U.S. Office of Government Ethics.
What Happened: The disclosure comes as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trades near $94,227, following a pullback from its December peak of $108,135. BTC has drawn increased attention amid expectations of crypto-friendly policies under the incoming Trump administration.
Bessent, founder of Key Square Capital Management, reported total assets worth at least $521 million, though the actual value could be substantially higher due to broad reporting ranges. His largest holdings include positions exceeding $50 million each in major ETFs like the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp; and Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
The hedge fund veteran maintains significant currency positions, with over $50 million each in dollar trades against the euro, Chinese yuan, and Japanese yen. He also holds more than $50 million in U.S. Treasury bills, highlighting substantial exposure to government securities.
See Also: <a href="https://www.benzinga.com/personal-finance/25/01/42932900/elon-musks-ex-wife-and-mother-to-his-5-kids-says-his-secret-to-extreme-success-is-working-harder-than-average-bear-and-saying-no-a-lot">Elon Musk&#8217;s Ex-Wife And Mother To His 5 Kids Says His Secret To Extreme Success Is Working Harder Than &#8216;Average Bear&#8217; And Saying &#8216;No&#8217; A Lot</a>
Why It Matters: To address potential conflicts of interest, Bessent pledged to resign from Key Square and divest his partnership stake if confirmed by the Senate, according to Reuters. 
The nomination comes as Trump has signaled plans for a national cryptocurrency strategy, including a potential executive order to create a strategic Bitcoin reserve. However, the Federal Reserve recently stated it lacks the authority to acquire Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42908193/exclusive-answering-key-questions-about-bitcoins-future-before-inauguration">without legislative changes</a>.
Bessent&#8217;s portfolio also includes luxury real estate, with properties in the Bahamas and Cashiers, N.C., each valued between $5 million and $25 million, as well as art and antiques worth $1 million to $5 million.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42936775/bitcoin-ethereum-dogecoin-rise-as-greed-sentiment-takes-over-top-analyst-says-breaking-this-resistance-level-could-be-pivotal-for-btc">Bitcoin, Ethereum, Dogecoin Rise As &#8216;Greed&#8217; Sentiment Takes Over: Top Analyst Says Breaking This Resistance Level Could Be &#8216;Pivotal&#8217; For BTC</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

IBIT

Trump's Treasury Pick Scott Bessent Reveals Up To $500,000 Bitcoin Stake, $521M In Assets

Leading cryptocurrencies gained on Sunday as investors set aside concerns that monetary easing policies will be impacted due to the blowout jobs report.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.35%</td>
<td>$95,764.13</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.49%</td>
<td>$3,331.29</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.66%</td>
<td>$0.3449</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin surged to $95,740 during the evening, capping off a choppy day for the world's leading cryptocurrency. The asset fluctuated between $94,000 and $95,000 for much of the weekend before breaking out to the upside. 
Corrective price action has been in place since Bitcoin's rally to $102,000 last week.
Ethereum followed a similar trajectory, plunging from the highs of $3,700 to $3,00 over the week.
About $149.81 million were liquidated in the last 24 hours, with upside bets accounting for $100 million.&nbsp;
A further drop to $90,000 will liquidate $417 million of long positions.
However, the market seemed hopeful about a comeback, with 61% of Binance traders betting on Bitcoin&#8217;s gain based on the Long/Short ratio.
The market sentiment advanced from "Neutral" to "Greed," according to the Crypto Fear &amp; Greed Index, indicating a surge in risk appetite.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Hyperliquid (HYPE)</td>
<td>+6.65%</td>
<td>$21.93</td>
</tr>
<tr>
<td>KuCoin Token (KCS)</td>
<td>+5.62%</td>
<td>$11.42</td>
</tr>
<tr>
<td>Raydium (RAY)</td>
<td>+4.77%</td>
<td>$4.76</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.3 trillion, falling by 0.50% in the last 24 hours.
Stock futures remained largely unchanged in overnight trading. The Dow Jones Industrial Average Futures rose 22 points, or 0.05%, as of 7:43 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 dropped 0.09%, while Nasdaq 100 Futures dipped 0.03%.
The December jobs report from last week <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42918778/december-jobs-report-a-wake-up-call-for-anyone-betting-on-rate-cuts-analyst-says">exceeded expectations</a>, with the nonfarm payrolls marking the strongest growth since March. However, it raised concerns over the pace of interest rate cuts, triggering a sell-off.
This week, investors will focus on key inflation data, such as the consumer price index and the producer price index for December.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Legendary trader Peter Brandt noted a head and shoulders chart pattern for Bitcoin, suggesting that it could either complete, fail as a bear trap, or morph into a broader pattern.
A bearish pattern shows a baseline with three peaks, with the middle peak being the highest, indicating a reversal of an upward trend.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is a classic H&amp;S top pattern. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> H&amp;S patterns can do one of 3 things: -Complete and trend to target -Fail with bear trap -Morph into larger pattern What do you think? I am only allowing Verified to reply. If you cannot pay a few bucks to X you don&#39;t deserve to be heard. <a href="https://t.co/9dGquEXaUs">pic.twitter.com/9dGquEXaUs</a>
&mdash; Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1878542290483875919?ref_src=twsrc%5Etfw">January 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Ali Martinez, a widely followed cryptocurrency analyst and trader, drew attention to Bitcoin's key resistance levels between $97,000 and $99,500, where more than a million addresses bought 1.22 million BTC.
"Breaking through this level could be pivotal!" Martinez added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One of the key resistance zones for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> lies between $97,000 and $99,500, where 1.26 million addresses previously accumulated 1.22 million <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. Breaking through this level could be pivotal! <a href="https://t.co/WMfSkDFyiE">pic.twitter.com/WMfSkDFyiE</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1878504466283892797?ref_src=twsrc%5Etfw">January 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Bitcoin, Ethereum, Dogecoin Rise As 'Greed' Sentiment Takes Over: Top Analyst Says Breaking This Resistance Level Could Be 'Pivotal' For BTC

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg agreed with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang&#8216;s cautious outlook on quantum computing, saying that the technology remains <a href="https://www.benzinga.com/markets/equities/25/01/42867168/nvidias-jensen-huang-said-something-that-has-all-quantum-computing-stocks-tumbling-qubt-and-rgti-down-13-ionq-down-11">years away from practical implementation</a>.
What Happened: Speaking on Joe Rogan&#8217;s <a href="https://youtu.be/7k1ehaE0bdU?feature=shared">podcast</a> Saturday, Zuckerberg acknowledged his limited expertise but supported the industry consensus of a decade-long timeline for widespread quantum computing adoption. 
&#8220;I&#8217;m not really an expert on quantum computing, but my understanding is that it&#8217;s still quite a ways off from being a truly practical paradigm,&#8221; Zuckerberg said.
His comments follow Huang&#8217;s recent statement at Nvidia&#8217;s CES 2025 that practical quantum computers could be 15 to 30 years away, which triggered significant market turbulence. 
Quantum computing stocks saw sharp declines last week after Huang&#8217;s comments, with IonQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) falling 39%, Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) dropping 43.34%, and Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) tumbling 45.41%.
See Also: <a href="https://www.benzinga.com/news/global/25/01/42910173/palantir-co-founder-joe-lonsdale-sets-realistic-expectations-for-elon-musks-doge-initiative-next-trillion-will-be-a-lot-harder">Palantir Co-Founder Joe Lonsdale Sets Realistic Expectations For Elon Musk&#8217;s DOGE Initiative: &#8216;Next Trillion Will Be A Lot Harder&#8217;</a>
Why It Matters: However, D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) CEO Alan Baratz strongly contested Huang&#8217;s timeline. &#8220;Not 30 years from now, not 20 years from now, not 15 years from now, but right now today,&#8221; Baratz said, citing existing <a href="https://www.benzinga.com/25/01/42892470/jensen-huang-is-dead-wrong-about-quantum-computing-d-wave-ceo-fires-back-at-nvidia-boss-happy-to-meet-with-jensen-any-time-any-place-to-help-fill-in-these-gaps">commercial applications with companies</a> like Mastercard Inc.
Zuckerberg&#8217;s broader technology perspective emphasized AI development, suggesting advanced artificial intelligence systems would likely precede quantum computing breakthroughs. He advocated for widespread AI deployment as a security measure, drawing parallels to software vulnerability management.
Market analyst Jim Cramer urged investors to exercise caution regarding quantum computing investments, warning about sector overvaluation. &#8220;We need you out before the froth goes away,&#8221; Cramer said, as quantum computing stocks retreated from their previous <a href="https://www.benzinga.com/markets/equities/25/01/42890014/jim-cramer-warns-on-quantum-stories-as-stocks-plunge-we-need-you-out-before-the-froth-goes-away">gains of up to 800% over the past year</a>.
Read Next:<a href="https://www.benzinga.com/markets/equities/25/01/42904892/ford-debuts-limited-edition-mustang-gtd-spirit-of-america-new-rtr-performance-model-amid-stock-pressure"> </a>
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42904892/ford-debuts-limited-edition-mustang-gtd-spirit-of-america-new-rtr-performance-model-amid-stock-pressure">Ford Debuts Limited-Edition Mustang GTD Spirit Of America, New RTR Performance Model Amid Stock Pressure</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

IONQ

NVDA

QBTS

QUBT

RGTI

Mark Zuckerberg Backs Nvidia CEO Jensen Huang's View On Quantum Computing: 'It's Still Quite A Ways Off'

Last year, the Hollywood reporter cited an anonymous source suggesting that U2 frontman Bono is among the investors behind a striking spec-built mansion just above Los Angeles's Sunset Boulevard.
According to Robb Report, the <a href="https://www.benzinga.com/real-estate/24/03/37541820/las-ultra-wealthy-residents-resort-to-shell-game-to-skirt-city-mansion-tax">avant-garde residence</a> features a unique triangular structure that appears to hover over the lower level. This structure is easily spotted by those heading north of Fairfax Avenue.
Although Robb Report said it could not independently verify the music legend's involvement with the architectural showpiece, public records indicate that Bono – born Paul Hewson – played a key role in acquiring a nearby property.
Don't Miss:
<ul>
<li>This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a></li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl-y2"> you can become an investor for $0.80 per share today.</a></li>
</ul>
The $7 million home was purchased by an LLC, for which Hewson, 64, is listed as the managing agent. This follows his recently concluded residency at the Sphere in Las Vegas.
Photos of the <a href="https://www.benzinga.com/markets/24/08/40439598/q2-2024-data-for-la-office-market-explains-why-iconic-la-skyscraper-faced-foreclosure">stylish property</a> have mostly vanished from the internet, but archived listings and property records reveal that the home, built nearly 25 years ago, has been transformed with a sleek, modern design.
Key interior highlights include a dramatic double-height entrance gallery, a striking three-story travertine-covered wall alongside a wood and glass staircase and an open-concept chef's kitchen featuring a Moroccan tile backsplash.
See Also: Unlock the hidden potential of commercial real estate —<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=unlockboost-yahoo"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a>
In the bright living and dining area, a motorized glass wall opens onto a glass-railed balcony with panoramic views.
The top-floor primary suite has a fireplace, private balcony, chic walk-in closet and a large bathroom.
A glass-enclosed wine display is tucked beneath the stars on the lower level, adjacent to a TV lounge with a sleek linear fireplace. A vast sliding-glass wall opens at the push of a button, leading to a sunny terrace featuring an infinity-edged pool and spa that cantilever over the hillside. A remote-controlled outdoor television mounted on a hydraulic lift emerges for viewing from the spa or while lounging poolside.
Trending: CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast —<a href="https://www.benzinga.com/money/integris"> here&#8217;s how to invest in their private credit fund that targets 12% annual interest rate.</a>
Whether the property was purchased for personal use or investment purposes remains unclear. However, Bono and his longtime wife, Ali Hewson, own several impressive properties worldwide, including a sprawling estate with a tennis court and a pool overlooking Killiney Beach near Dublin and a waterfront villa in the South of France.
They also own a penthouse in New York City's iconic San Remo building on Central Park West, which they acquired in 2003 for about $14.5 million from late Apple cofounder Steve Jobs.
Beyond his music career, Bono is a dedicated social justice activist with U2 and on his own. He is especially known for his efforts to combat extreme poverty and HIV/AIDS in Africa. To advance these causes, he has participated in benefit concerts and political advocacy, lobbying influential leaders for support and relief initiatives.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/go/arrived-private-credit-yf">Arrived Home's Private Credit Fund&#8217;s has historically paid an annualized dividend yield of 8.1%&#x2A;</a>, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum.<a href="https://www.benzinga.com/go/arrived-private-credit-yf"> </a></li>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=stockmarket-yahoo"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
</ul>

Real Estate

U2's Bono Adds $7 Million LA Gem To His Real Estate Portfolio

In a world where tech founders <a href="https://www.benzinga.com/news/management/25/01/42771258/worlds-top-10-richest-people-gained-more-wealth-in-2024-than-costco-and-nikes-combined-valuation-how-elon-musk-warren-buffett-and-others-fared">chase billion-dollar valuations</a>, Craig Newmark, the founder of Craigslist, has taken a drastically different approach. He's resisted the allure of vast fortunes and actively rejected them. Why? Because, as he puts it, "you should know when enough is enough."
Craigslist, the minimalist website connecting people for decades, is one of the most visited websites globally. With 250 million monthly users, it's not far behind giants like Amazon. And yet, Craigslist generates less than $1 billion annually. Compare that to platforms charging hefty transaction fees and Craigslist could easily rake in tens of billions. But that's never been Craig's goal.
Don't Miss:
<ul>
<li>With 100+ historic trademarks including some of the high grossing characters in history, like Cinderella, Snow White and Peter Pan, <a href="https://www.benzinga.com/money/elf-labs-1">this company is transforming the $2 trillion entertainment market with patented AR, VR, and AI tech. — For a short window, investors are able to claim $2/share ($980 min).</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>
By design, the company doesn't make a single cent on most transactions. Instead, the site charges modest fees for job postings and apartment listings in select cities – a choice inspired by users who felt they were getting better value compared to other platforms.
<h2 class="wp-block-heading">Why Not Redesign?</h2>
If you've ever used Craigslist, you've probably noticed it hasn't changed much since the 1990s. No sleek designs or flashy updates – just a simple, functional interface. "People want it simple, fast and effective,"<a href="https://www.youtube.com/watch?v=mwS2On-IG6o"> Craig said</a>. While designers have pitched modern overhauls, Craig and his team have stuck to the basics.
This approach is intentional. Craigslist hasn't poured money into maximizing user retention or playing the UI game, unlike other tech platforms. "Fancy may not be the answer," Craig pointed out. Instead, the platform prioritizes usability, helping people find jobs, homes and items to buy or sell with minimal fuss.
See Also: <a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a>
<h2 class="wp-block-heading">Turning Down Billions</h2>
Over the years, <a href="https://www.benzinga.com/money/what-is-venture-capital">venture capitalists</a> have approached Craig with massive offers, urging him to monetize more aggressively or sell. They saw a gold mine in Craigslist's scale and suggested ads, subscriptions or transaction fees. But Craig wasn't interested.
"I don't need billions,"<a href="https://www.youtube.com/watch?v=pKfg69v-X3g"> he said</a>. "I've met a bunch of rich people and none of them are all that happy." According to Forbes, Newmark was a billionaire for years before dropping off the list in 2020. &#8220;Had I done the usual Silicon Valley thing … I'd be worth $11 billion." Instead, Craig leaned on lessons from his childhood. In Sunday school, he learned to treat people the way he'd want to be treated. To him, it's not altruistic, just basic fairness.
Craig's rejection of billions isn't as much about simplicity as impact. By keeping costs low and the platform accessible, Craigslist has helped millions of people find jobs, homes and opportunities. "In a lot of ways, [Craigslist] is helping people put food on the table," he said.
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
<h2 class="wp-block-heading">The Humble Rise of Craigslist</h2>
Craig started Craigslist in 1995 as an email list to share local events. It quickly exceeded his expectations, adding categories like jobs, housing and for-sale items. By 1999, it became a company, but even then, Craig remained humble. He stepped back from management, admitting he wasn't a great boss and instead worked as a customer service rep for 15 years.
People would email him directly at <a href="mailto:Craig@craigslist.org">Craig@craigslist.org</a>. "I spent a lot of time doing that kind of thing and got a lot of stuff done." His approach to customer service reflected his broader philosophy: fairness, simplicity and community.
<h2 class="wp-block-heading">Living Modestly and Giving Back</h2>
Today, Craig is retired but busier than ever, focusing on philanthropy. He's donated millions to causes like internet freedom, unbiased journalism and veteran support. He's also been a major donor to Wikipedia, reflecting his commitment to accessible public resources. He&#8217;s even pledging $300 million to prevent cybercrimes against the U.S.
"The deal is our country is under attack now," he told Yahoo Finance. "It's not like I'm in the recruiting line after Pearl Harbor because my dad volunteered in the &#8217;40s, but I guess that's what I should be doing."
Despite his wealth, Craig lives modestly. He doesn't own a car, prefers public transportation and avoids unnecessary luxuries.
Read Next:
<ul>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>

'I Don't Need Billions. You Should Know When Enough Is Enough' – Craig From Craigslist Says He Rejected Billions To Redesign The Platform

The latest update is out from Blue Foundry (BLFY). John Kuntz, Esq. has been appointed to the Boards of Directors of Blue Foundry Bancorp and Blue ...

John Kuntz Joins Blue Foundry's Board of Directors

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Blue Foundry (NASDAQ:<a href="https://investorplace.com/stock-quotes/blfy-stock-quote/">BLFY</a>) just reported results for the second quarter of 2024.<ul><li>Blue Foundry reported earnings per share of -11 cents. This was above the analyst estimate for EPS of -21 cents.</li><li>The company reported revenue of $10.11 million.</li><li>This was 7.09% better than the analyst estimate for revenue of $9.44 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/07/blfy-stock-earnings-blue-foundry-for-q2-of-2024/">BLFY Stock Earnings: Blue Foundry Beats EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

BLFY Stock Earnings: Blue Foundry Beats EPS, Beats Revenue for Q2 2024

Blue Foundry Bancorp (BLFY) Q2 2024 Earnings Call Transcript

Blue Foundry (BLFY) Receives a Hold from KBW

Blue Foundry Bancorp GAAP EPS of -$0.19 misses by $0.02, revenue of $9.47M misses by $1.07M

Warning: BLFY is at high risk of performing badly

Blue Foundry Bancorp adopts stock repurchase program for up to 1.14M shares

Blue Foundry Bancorp (BLFY) had completed its fourth stock repurchase program and had adopted another program to repurchase up to 1,139,420 shares ...

Blue Foundry Bancorp adopts stock repurchase program up to 1.14M shares

KBW Reaffirms Their Hold Rating on Blue Foundry (BLFY)

Bank Buzz: Wrapping Up 2024 And 5 Acquisition Targets For 2025

CLST

NECB

TCBC

TCBS

Financing

Press Releases

Blue Foundry Bancorp Announces Adoption of Fourth Stock Repurchase Program

Blue Foundry Bancorp Schedules First Quarter 2024 Earnings Conference Call

Earnings

Blue Foundry Bancorp Reports First Quarter 2024 Results

Blue Foundry Bancorp Schedules Second Quarter 2024 Earnings Conference Call

Management

Seasoned Leader Brings Decades of Legal, Administrative and Corporate Expertise to the Board

Blue Foundry Bancorp Reports Second Quarter 2024 Results

Opinion

AI Revolution in Healthcare Gains Momentum as FDA Prepares for Tech Boom

Blue Foundry Bancorp Schedules Third Quarter 2024 Earnings Conference Call

Blue Foundry Bancorp Reports Third Quarter 2024 Results

Blue Foundry Bancorp Announces Completion of Fourth Stock Repurchase Program and Adoption of Fifth Stock Repurchase Program

Comments

Blue Foundry

Blue Foundry (BLFY) Forecast

Blue Foundry (NASDAQ:BLFY) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga