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Whether to invest in real estate in the high-cost Bay Area or channel your funds into achieving Financial Independence, Retire Early (FIRE) can be daunting. Each option has its unique benefits and challenges.
For instance, a Reddit user asked the community if they should buy a house in the San Francisco Bay Area, or focus on FIRE.
<h3 class="wp-block-heading">Buy Home Or FIRE</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090838/Fire-1-1024x585.jpg" alt="" class="wp-image-317443" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090838/Fire-1-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090838/Fire-1-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090838/Fire-1-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090838/Fire-1-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090838/Fire-1.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representational image of a Reddit user&#8217;s FIRE confusion &#x7C; Image generation using Dall-E</figcaption></figure>
Here's a gist of their <a href="https://www.reddit.com/r/fatFIRE/comments/1ch3j0e/does_it_make_sense_to_buy_a_house_in_the_bay_area/">question</a>: the user and their wife's earnings total to $1.35 million a year and they have two kids aged 13 and 9.
They don't have any debt and earn a rental income of $5,000 per month from a home they own in California. They use this to offset the $7,000 per month rent in the Bay Area.
The problem here is, they are "sick of renting and want to buy."
"We have about $2.5 million in the bank and another $2.5 million in unvested equity. Between savings, investments, and interest, we save about $600,000 per year. Monthly expenses are $13,000 per month including rent," the user said.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="776" height="448" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090751/FIRE.jpg" alt="" class="wp-image-317441" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090751/FIRE.jpg 776w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090751/FIRE-300x173.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090751/FIRE-768x443.jpg 768w" sizes="(max-width: 776px) 100vw, 776px" /><figcaption class="wp-element-caption">Screenshot of the Reddit post</figcaption></figure>
Median home prices in the Bay Area stand at $1.4 million, but the homes in the user's area are in the $2.5 million range.
The problem? The user wants to save $10 million by 2030 and FIRE. If they buy this house, their FIRE plan would be set back by a decade, to 2040.
So what should they do?
Many users pointed out that owning a home is an important "quality of life" upgrade, while others pointed out that a Bay Area home is a good investment in itself.
Now that we have an answer to the user's problem, here's a breakdown on FIRE to help you weigh your options effectively and make an informed decision geared towards personal and financial satisfaction.
<h3 class="wp-block-heading">Understanding FIRE</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090923/Fire-2-1024x585.jpg" alt="" class="wp-image-317446" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090923/Fire-2-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090923/Fire-2-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090923/Fire-2-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090923/Fire-2-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090923/Fire-2.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representational image of a retired person &#x7C; Image generated using Dall-E</figcaption></figure>
FIRE is a movement dedicated to extreme savings and investment that allows proponents to retire far earlier than traditional budgets and retirement plans would permit.
By cutting expenses and increasing your savings rate, you can potentially retire in your 40s or even 30s. This requires discipline and a significant upfront financial sacrifice but promises more free years post-retirement.
<h3 class="wp-block-heading">Real Estate in the Bay Area</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090958/Fire-3-1024x585.jpg" alt="" class="wp-image-317449" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090958/Fire-3-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090958/Fire-3-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090958/Fire-3-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090958/Fire-3-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01090958/Fire-3.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representational image of a home in the Bay Area &#x7C; Image generated using Dall-E</figcaption></figure>
The Bay Area is notorious for its sky-high real estate prices. Purchasing a home here is a significant investment and comes with the promise of substantial long-term returns due to the consistently appreciating value.
However, the initial costs and ongoing property taxes can be a financial burden, potentially delaying retirement or impacting your ability to save.
Make sure you weigh both options and consult an advisor in case you need help.
<h3 class="wp-block-heading">Opportunity Cost</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091019/Fire-4-1024x585.jpg" alt="" class="wp-image-317452" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091019/Fire-4-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091019/Fire-4-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091019/Fire-4-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091019/Fire-4-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091019/Fire-4.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Weigh your options &#x7C; Image generated using Dall-E</figcaption></figure>
Investing in a pricey Bay Area property means less money to contribute to your FIRE goals. High mortgage payments could significantly cut into the amount you can save and invest each month.
It's crucial to consider whether the potential appreciation in property value outweighs the benefits of early retirement.
<h3 class="wp-block-heading">Lifestyle Considerations</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091036/Fire-5-1024x585.jpg" alt="" class="wp-image-317453" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091036/Fire-5-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091036/Fire-5-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091036/Fire-5-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091036/Fire-5-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091036/Fire-5.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Lifestyle choices play an important role &#x7C; Image generated using Dall-E</figcaption></figure>
Your lifestyle choices play a crucial role in this decision. If you value stability, putting down roots, and living in a high-demand area, buying in the Bay Area might be worth the investment.
On the other hand, if you prefer flexibility, minimalism, and travel, focusing on FIRE could provide the freedom you desire sooner.
<h3 class="wp-block-heading">Long-term Financial Planning</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091107/Fire-6-1024x585.jpg" alt="" class="wp-image-317456" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091107/Fire-6-1024x585.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091107/Fire-6-300x171.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091107/Fire-6-768x439.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091107/Fire-6-1536x878.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01091107/Fire-6.jpg 1792w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Plan your finances judiciously &#x7C; Image generated using Dall-E</figcaption></figure>
It's essential to look beyond immediate costs and benefits. Consider the long-term implications of each choice. Real estate can offer a tangible asset and a potential passive income stream if you choose to rent it out.
Conversely, FIRE can significantly increase your financial options and leisure time in early retirement, providing opportunities for personal growth and exploration that aren't tied to a specific location.
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo generated using Dall-E

Personal Finance

Real Estate

Buy A House In Bay Area Or Use That Money Toward Early Retirement? As Reddit Goes Abuzz, 5 Things You Should Keep In Mind Before Taking A Decision

SGBX

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Ubisoft Technologies SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/UBSFF#OTC">UBSFF</a>) revealed the release date for Assassin&#8217;s Creed Mirage on iOS and iPadOS is<a href="https://www.benzinga.com/general/gaming"> June 6. </a>
This marked a significant milestone as it would be the first time an Assassin&#8217;s Creed title originally designed for consoles and PC was available natively on Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) mobile platforms, IGN <a href="https://www.ign.com/articles/assassins-creed-mirage-for-iphone-15-pro-and-ipad-gets-june-release-date">reported.</a>
See Also: <a href="https://www.benzinga.com/general/gaming/23/07/33252418/assassins-creed-mirage-introduces-haptic-vest-so-players-can-feel-everything-including-stabs-and-p">Assassin&#8217;s Creed Mirage Introduces Haptic Vest So Players Can Feel Everything, Including Stabs And Parkour</a>
Developed by Ubisoft Sofia, the game promises optimized touch controls alongside support for external controllers such as the Backbone One, catering to a variety of play preferences.
The pricing structure for Assassin&#8217;s Creed Mirage follows a freemium model, allowing players a 90-minute free trial before requiring a $49.99 fee to unlock the full version. 
This approach aims to give players a taste of the game&#8217;s experience before committing to a purchase. 
Additionally, Ubisoft implemented cross-save and cross-ownership functionality, enabling seamless transition and continuation of gameplay between iPhone and iPad devices. 
This feature eliminates the need for players to repurchase the game on different platforms and ensures a consistent experience across their Apple devices.
The announcement of Assassin&#8217;s Creed Mirage&#8217;s release aligns with Apple&#8217;s Wonderlust event, where the iPhone 15 Pro series was unveiled, boasting the powerful A17 Pro chip. 
This chip is purported to deliver console-quality gaming experiences on mobile devices, emphasizing Apple&#8217;s commitment to gaming on its platforms. 
Read Next: <a href="https://www.benzinga.com/markets/asia/24/03/37877704/tencents-assassins-creed-jade-delayed-to-2025-as-focus-shifts-to-dreamstar">Tencent&#8217;s Assassin&#8217;s Creed Jade Delayed To 2025 As Focus Shifts To DreamStar</a>
Photo: <a href="https://www.shutterstock.com/es/g/olivia_Brown">olivia_Brown</a> on Shutterstock.

Gaming

AAPL

UBSFF

Assassin's Creed Mirage Coming To iPhone 15 Pro, iPad In June

Former President Donald Trump was fined $9,000 for violating a gag order for his criminal trial in<a href="https://www.benzinga.com/general/politics/24/04/38523639/judge-threatens-trump-with-incarceration-fines-him-for-violating-gag-order-jail-may-be-a-necessa"> New York on Tuesday.</a>
Not one to miss an opportunity, Trump is using the fines as a rallying cry to ask for more donations from supporters.
What Happened: After being fined $9,000 and threatened with jail time for future gag order violations in his <a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate">hush money criminal trial,</a> Trump sent out an email to supporters asking for financial help.
"A Democrat judge JUST HELD ME IN CONTEMPT OF COURT!" an email asking for donations for Trump National Committee read, as shared by <a href="https://www.politico.com/news/2024/04/30/trump-gag-order-fine-fundraising-hush-money-case-00155173">Politico</a>.
The Trump National Committee is a joint fundraising effort by Trump's campaign and the Republican National Committee.
"I was fined $9,000 for 9 gag order violations. THEY WANT TO SILENCE ME! They think they can BLEED ME DRY and SHUT ME UP, but I'll NEVER stop fighting for YOU."
The email came with a link to donate and was sent hours after Judge Juan Merchan issued the gag order violation ruling.
Trump's team also placed ads on X, formerly known as Twitter, according to the report with a message of "This has never happened before in HISTORY!" for Trump's contempt of court violation.
Related Link: <a href="https://www.benzinga.com/general/sports-betting/24/05/38562643/formula-1-stops-trump-fundraiser-miami-grand-prix-connection-to-dolphins-owner-draws-atten">Formula 1 Stops Trump Fundraiser; Miami Grand Prix Connection To Dolphins Owner Draws Attention</a>
Why It's Important: The messaging from Trump to his supporters that he's being fined and silenced could resonate and lead to donations and increased support ahead of the 2024 election.
Trump has previously used key legal moments as important timing in donation requests. The former president saw a spike in donations after it was ruled that his assets could be seized related to the civil case in New York against Trump, his two eldest sons and the Trump Organization.
Trump also used his mug shot from an arrest in Georgia that went viral <a href="https://www.benzinga.com/news/23/08/34059149/trumps-mug-shot-fuels-7-1-million-fundraising-surge">as a fundraising opportunity.</a> Trump even <a href="https://www.benzinga.com/news/23/08/34051602/trump-returns-to-twitter-now-x-boasts-more-followers-than-all-gop-opponents-combined">returned to social media platform X</a>, for the first time in years to make a post with his mug shot asking for donations.
While others might've been embarrassed by a mug shot going viral, Trump saw an opportunity to turn the tables and rally his supporters for donations raising millions of dollars.
Trump's current criminal trial sees him needing to be present in New York on Mondays, Tuesdays, Thursdays and Fridays. While this limits his campaign opportunities during the week, Trump is using the trial, which is full of media members, as an opportunity to publicly speak to supporters and raise money for his campaign.
Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38537950/trump-vs-biden-former-president-holds-lead-in-all-7-swing-states-which-candidate-does-robert-f-k">Trump Vs. Biden: Former President Holds Lead In All 7 Swing States, Which Candidate Does Robert F. Kennedy Jr. Hurt More?</a>
Photo: Shutterstock

Politics

Legal

Trump Uses Gag Order Fines As Fundraising Opportunity: 'They Want To Silence Me! They Think They Can Bleed Me Dry!'

Office Props IT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NASDAQ">OPI</a>) reported quarterly earnings of $0.79 per share which missed the analyst consensus estimate of $0.81 by 2.47 percent. This is a 27.52 percent decrease over earnings of $1.09 per share from the same period last year. The company reported quarterly sales of $139.435 million which beat the analyst consensus estimate of $129.768 million by 7.45 percent. This is a 5.30 percent increase over sales of $132.422 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Office Props IT Q1 2024 FFO $0.79 Misses $0.81 Estimate, Sales $139.435M Beat $129.768M Estimate

North American (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOA#NYSE">NOA</a>) reported quarterly earnings of $0.58 per share which missed the analyst consensus estimate of $0.64 by 9.38 percent. This is a 18.31 percent decrease over earnings of $0.71 per share from the same period last year. The company reported quarterly sales of $220.37 million which missed the analyst consensus estimate of $251.05 million by 12.22 percent. This is a 22.80 percent increase over sales of $179.46 million the same period last year.

North American Q1 Adj EPS $0.58 Misses $0.64 Estimate, Sales $220.37M Miss $251.05M Estimate

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) reported quarterly earnings of $0.96 per share which met the analyst consensus estimate. This is a 28.36 percent decrease over earnings of $1.34 per share from the same period last year. The company reported quarterly sales of $385.287 million which missed the analyst consensus estimate of $386.840 million by 0.40 percent. This is a 12.93 percent decrease over sales of $442.526 million the same period last year.

MTRN

Materion Q1 2024 GAAP EPS $0.96, Inline, Sales $385.287M Miss $386.840M Estimate

<ul>
<li>Nvidia started 2024 with a strong performance, witnessing a 96% bull rally.</li>
<li>Surpassing $974 might indicate further growth.</li>
<li>Attention is turning towards Nvidia&rsquo;s anticipated first-quarter earnings report.</li>
</ul>
NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) continues to display itself as a standout company, particularly for its solid performance in early 2024. Kicking off the year with significant momentum, Nvidia&#39;s stock experienced a 96% bull rally that continued through to March, nearly reaching the $1000 milestone.
However, the climb halted at $974, facing resistance that put a halt to its upward move, leading to a 13% dip in value. Currently, Nvidia is in a consolidation phase, with its stock price oscillating between $756 and $974.
The market looks optimistic, but the company is walking a fine line. If it drops below $756, it might indicate a downturn, but breaking past $974 could signal further growth.
With May 22 on the horizon, focus is on Nvidia once again and its anticipated first-quarter earnings report. Analysts are forecasting earnings of $5.18 per share, a figure that puts pressure on Nvidia to continue its positive earnings streak from the last four quarters.
A positive earnings report could push the stock to surpass its previous highs. Currently, Nvidia finds itself in a slight downturn, down 2%, while still in consolidation.
<img alt="2024-05-01_19-22-17_0.jpg" src="https://www.benzinga.com/files/u517520/2024-05-01_19-22-17_0.jpg" style="height:345px; width:624px" />
For investors, the message is clear. Patience and vigilance in monitoring key support and resistance levels are crucial. This upcoming earnings report holds the potential to kickstart Nvidia&#39;s next bullish phase.
After the closing bell on Tuesday, April 30, the stock closed at $864.02, trading down by 1.50%.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Tech

General

NVDA

Nvidia's Roller Coaster Ride Through Early 2024 Sets The Stage For A Potential Market Shakeup As Investors Eye The Critical First Quarter Earnings Report

Gran Tierra Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GTE#AMEX">GTE</a>) reported $157.58 million in sales this quarter. This is a 9.28 percent increase over sales of $144.19 million the same period last year.

Gran Tierra Energy Q1 Sales $157.58M Up From $144.19M YoY

ACRES Commercial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACR#NYSE">ACR</a>) reported quarterly earnings of $0.16 per share which missed the analyst consensus estimate of $0.30 by 46.67 percent. This is a 69.23 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $18.768 million which missed the analyst consensus estimate of $21.550 million by 12.91 percent. This is a 10.87 percent decrease over sales of $21.058 million the same period last year.

ACRES Commercial Realty Q1 2024 Adj EPS $0.16 Misses $0.30 Estimate, Sales $18.768M Miss $21.550M Estimate

About 80% of millennials and Gen Zers <a href="https://www.forbes.com/advisor/investing/financial-advisor/adults-financial-advice-social-media/">receive</a> financial guidance from social media, which they credit with boosting their financial literacy and making discussions about money less taboo. 
Over 50% also report making money directly from this financial advice. 
But, not all influencers and traders on social media can be trusted. Their claims may be inaccurate or false, sometimes resulting in poor experiences for followers yearning for financial education through doing.
That's where <a href="https://www.parrotfinance.io/" target="_blank" rel="noreferrer noopener">Parrot Finance</a> comes in, addressing potential issues through vetting and verification. Users can follow and replicate the investment decisions of their favorite influencers and investors in-app.
<h1 class="wp-block-heading">Parrot Takes Off</h1>
Founded by female founders <a href="https://www.linkedin.com/in/nikkivaranasi/" target="_blank" rel="noreferrer noopener">Nikki Varanasi</a>, <a href="https://www.linkedin.com/in/lucy-y-739334a5/" target="_blank" rel="noreferrer noopener">Lucy Yang</a> and <a href="http://www.linkedin.com/in/vyang3" target="_blank" rel="noreferrer noopener">Victoria Yang</a>, the San Francisco-based startup draws on extensive experiences in finance, investing, and engineering from McKinsey &amp; Co, Goldman Sachs Group, Coinbase, KKR &amp; Co., The White House and Morgan Stanley. 
In support of their venture, Varanasi shared that Parrot raised more than $2 million from investors, including Techstars, Western Union Co., Harlem Capital, Lightspeed, former Apex Clearing leadership and Litquidity, the viral social media account that's amassed millions of followers.
"Parrots are among the most intelligent birds and can imitate human speech, which represents what we've built and highlights communication and transparency around investing while being able to mimic trades and strategies," Varanasi said.
When approved influencers trade, users receive instant notifications and can replicate by specifying the number of shares or fractional amounts they wish to buy or sell. Influencers can earn revenue by charging a monthly subscription, bringing a Patreon-like model to the finance and investing sector.
"We've integrated with all the top brokers, such as Robinhood, E-Trade, Fidelity, Charles Schwab, TD Ameritrade, Webull, TradeStation, and many more," Varanasi said. "This allows users to seamlessly link their existing brokers to Parrot and trade stocks across all their accounts in one place. Gone are the days of opening multiple apps to invest."
By having influencers connect their brokerage accounts, subscribers see authentic data regarding their portfolios, reducing the potential for misinformation.
"Parrot helps build trust in the investing community and creates a transparent environment for sharing financial journeys. Investing doesn&#8217;t need to feel lonely," said Varanasi.
Aside from creator profiles, the platform has a category for insider and government trades, including portfolios from top politicians like Rep. Nancy Pelosi and Rep. Pete Sessions and CEOs like Mark Zuckerberg, Elon Musk, Jamie Dimon and Warren Buffett.
"We have about 200 profiles of politicians and top business leaders, and users have full access to when these figures buy or sell stock in real-time," Varanasi said. 
"By making this public information accessible in an engaging, delightful user experience, the hope is that users on Parrot will be able to understand the markets better and learn investing strategies from all kinds of prominent figures."
<figure class="wp-block-image aligncenter"><img loading="lazy" decoding="async" width="1600" height="900" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01121412/image-7.png" alt="" class="wp-image-317857" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01121412/image-7.png 1600w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01121412/image-7-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01121412/image-7-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01121412/image-7-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/01121412/image-7-1536x864.png 1536w" sizes="(max-width: 1600px) 100vw, 1600px" /><figcaption class="wp-element-caption">Graphic: Retrieved from Parrot Finance &#8211; App Demo.</figcaption></figure>
<h1 class="wp-block-heading">Where To Find Parrot</h1>
Parrot is live on the <a href="https://apps.apple.com/us/app/parrot-finance/id6448766645" target="_blank" rel="noreferrer noopener">iOS App Store</a>, with an Android version <a href="https://www.parrotfinance.io/" target="_blank" rel="noreferrer noopener">coming soon</a>. The platform has integrated large creators and Discord trading groups, attracting millions of followers.
"We're seeing lots of demand as markets pick up again, and we've positioned ourselves to scale as we continue to partner with quality creators and traders," Varanasi said.
Photo: Courtesy Parrof Finance

Fintech news covering the emerging Financial Technology services sector

Fintech

Social Media

Interview

Parrot Finance, The Patreon For Investing, Allows You To Mimic The Trades of Creators, Traders, Politicians, CEOs

John Bean Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBT#NYSE">JBT</a>) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.84 by 1.19 percent. This is a 39.34 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $392.300 million which missed the analyst consensus estimate of $396.430 million by 1.04 percent. This is a 0.98 percent increase over sales of $388.500 million the same period last year.

John Bean Techs Q1 2024 Adj EPS $0.85 Beats $0.84 Estimate, Sales $392.300M Miss $396.430M Estimate

DLH Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLHC#NASDAQ">DLHC</a>) reported quarterly earnings of $0.12 per share which missed the analyst consensus estimate of $0.13 by 7.69 percent. This is a 100 percent increase over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $101.007 million which beat the analyst consensus estimate of $99.000 million by 2.03 percent. This is a 1.60 percent increase over sales of $99.417 million the same period last year.

DLHC

DLH Hldgs Q2 2024 GAAP EPS $0.12 Misses $0.13 Estimate, Sales $101.007M Beat $99.000M Estimate

Socket Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCKT#NASDAQ">SCKT</a>) reported quarterly losses of $(0.07) per share which missed the analyst consensus estimate of $(0.01) by 600 percent. This is a 41.67 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $4.978 million which beat the analyst consensus estimate of $4.440 million by 12.12 percent. This is a 15.45 percent increase over sales of $4.312 million the same period last year.

SCKT

Socket Mobile Q1 2024 GAAP EPS $(0.07) Misses $(0.01) Estimate, Sales $4.978M Beat $4.440M Estimate

VerticalScope's more than 65 million registered users will now be able to use OpenPass to securely sign on to over 1,200 communities
New partnership also incorporates an integration with OpenPath
VerticalScope Holdings Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/FORA#TSX">FORA</a>) ("VerticalScope"), a technology company that has built and operates a cloud-based digital platform for online enthusiast communities with 65 million registered users, today announced it has adopted The Trade Desk's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) OpenPass and OpenPath solutions to provide secure authentication for users and enhanced access for advertisers.
OpenPass is a single-sign-on solution created by The Trade Desk that will be deployed across VerticalScope's web communities, providing users with a secure login alternative. As web publishers face concerns related to advertising addressability and consumer privacy, OpenPass allows them to authenticate their users in a transparent manner and provide a premium ad experience.
VerticalScope's platform is home to over 1,200 communities, where specialized interest groups come together at the intersection of content and commerce. From automotive to the outdoors, enthusiasts can share advice, ideas and learn about new products that suit their interests across VerticalScope's communities.
"The ability for publishers like VerticalScope to monetize content at scale in a way that's also transparent and secure for users is exactly what OpenPass was designed to do," says Will Doherty, VP of Inventory Development at The Trade Desk. "As addressability continues to evolve across the web, authenticated environments are the most appealing to advertisers."
VerticalScope is also integrating with The Trade Desk's OpenPath, a solution that will give advertisers a direct path to VerticalScope's premium platform. This direct connection will contribute to a more efficient auction, driving value for both advertisers and VerticalScope. Brands and agencies that advertise on websites like Watchuseek.com, AVSForum.com, MTBR.com and JeepForum.com through The Trade Desk will benefit from this direct connection that offers a more streamlined approach to the digital media-buying process.
"Adding a direct connection with a market leader like The Trade Desk is a great step forward for our business and our customers and will allow us to capture a greater share of spend in the programmatic value chain," said Chris Goodridge, President and COO at VerticalScope. "The Trade Desk is an industry leader, and this partnership offers a secure and premium experience to our users, which is why we're also excited to offer OpenPass as a new login option for our communities."

Small Business

TSX:FORA

VerticalScope Partners With The Trade Desk To Integrate OpenPass And OpenPath

Emergent BioSolutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBS#NYSE">EBS</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $(0.83) by 171.08 percent. The company reported quarterly sales of $300.400 million which beat the analyst consensus estimate of $224.500 million by 33.81 percent. This is a 82.84 percent increase over sales of $164.300 million the same period last year.

Emergent BioSolutions Q1 2024 Adj EPS $0.59 Beats $(0.83) Estimate, Sales $300.400M Beat $224.500M Estimate

Guidance

AEIS

Advanced Energy Expects Q2 Revenue Of $330M-$370M (Est $360.95M); Adj EPS $0.48-$0.98 (Est $0.72)

North American Construction Sees FY24 Adj. EPS CAD4.25-CAD4.75; Revenue CAD1.5B-CAD1.7B

North American Construction Q1 Adj. EPS CAD0.78 Down From CAD0.96 YoY; CAD297.026M Up From CAD244.329M YoY

New York Mortgage Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NYMT#NASDAQ">NYMT</a>) reported quarterly losses of $(0.75) per share which missed the analyst consensus estimate of $0.10 by 850 percent. This is a 781.82 percent decrease over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $17.863 million which missed the analyst consensus estimate of $24.285 million by 26.44 percent. This is a 0.35 percent increase over sales of $17.801 million the same period last year.

NYMT

New York Mortgage Trust Q1 2024 GAAP EPS $(0.75) Misses $0.10 Estimate, Sales $17.863M Miss $24.285M Estimate

Jubilant Flame Intl

Jiayin Group Shares Halted On Circuit Breaker To Upside; Up 22%

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Latest News for Jubilant Flame Intl Stock (OTC:JFIL)

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