Shares of digital storytelling platform WEBTOON (NASDAQ:WBTN) jumped 28.8% in the morning session after the company announced a deal with Walt Disney to create a new online platform for the media giant's comic library and that Disney would take a 2% equity stake in the company.
WEBTOON Entertainment (WBTN) expands partnership with Walt Disney Co (DIS), adding over 35,000 comics & increasing reach to Disney+ & Marvel Unlimited.
Shares of digital comic platform company Webtoon Entertainment Inc (NASDAQ:WBTN) are trading higher on Tuesday after the company announced a deal with entertainment giant Walt Disney Co (NYSE:DIS) to develop an all-digital comics platform using Disney's extensive portfolio.
Webtoon Entertainment shares skyrocketed over 58% after announcing a partnership with Disney to launch a digital comics platform featuring Marvel, Star Wars, Pixar and more.
A number of stocks fell in the afternoon session after markets pulled back, reversing early gains, as investor sentiment remained cautious despite a softer-than-expected inflation reading.
A number of stocks fell in the afternoon session after the release of the August jobs report, which showed the U.S. economy added far fewer jobs than anticipated, fueling concerns about a broader economic slowdown.
The market landscape is increasingly controlled by large firms that expand their reach by acquiring smaller competitors - a trend that the Trump administration’s looser regulatory policies will likely intensify.
But a handful of under-the-radar players will persist by leaning into their niches.
Shares of digital storytelling platform WEBTOON (NASDAQ:WBTN) fell 2.1% in the afternoon session after the stock was caught in a wider market downturn that particularly impacted technology stocks.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q2. Today, we are looking at digital media & content platforms stocks, starting with WEBTOON (NASDAQ:WBTN).
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
Shares of digital storytelling platform WEBTOON (NASDAQ:WBTN) jumped 3.1% in the pre-market session after analysts signaled growing optimism by raising their earnings estimates for the company's upcoming quarter and full year.
"You get what you pay for" often applies to expensive stocks with best-in-class business models and execution.
While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
