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Meta Platforms (META) to introduce ad-free subscription for Facebook and Instagram in Europe

October 30, 2023 9:20 AM EDT

Meta Platforms (NASDAQ: META) announced Monday that it will offer people in the European Union, European Economic Area and Switzerland the ability to pay a monthly subscription for access to Facebook and Instagram without any ads.

Meta said users will be able to... More

Cantor Fitzgerald upgrades Rivian (RIVN) to Overweight following recent pullback

October 27, 2023 9:37 AM EDT

Cantor Fitzgerald upgraded Rivian Automotive (NASDAQ: RIVN) to an Overweight rating (From Neutral) and reiterated their 12-month price target of $29.00 on the electric automakers stock after a recent pullback creates an entry opportunity for investors.

The share price has underperformed by ~27% in the past month, and is down ~12% YTD. As of Thursdays close, RIVNs stock trades at $16.17, with an over 79% upside.

Rivian pre-announced on October 2, that the electric automaker had manufactured 16,304 vehicles in 3Q23, surpassing the estimated 14,580 (compared to 13,992 vehicles in 2Q23). Additionally, they reported... More