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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Jim STENOVEEC along with Carol Master. Let's take a

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Speaker 3: look at some stocks on the move today. Joining us

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Speaker 3: now is Bloomberg News Equities reporter Alexandra Semenova. What do

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Speaker 3: you see, hey, guys, So I have to start with

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Speaker 3: Robin Hood.

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Speaker 1: Those shares are down about ten percent right now, so

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Speaker 1: really ugly day for the company. This is after they

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Speaker 1: reported lower fourth quarter profit and a big part of

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Speaker 1: it was the route that we've seen in crypto markets,

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Speaker 1: sharp declines in bitcoin and other tokens weighing on results.

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Speaker 1: For the online brokerage, net income tumbled thirty four percent

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Speaker 1: to six hundred and five million dollars or about sixty

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Speaker 1: six cents a share. That was about two cents more

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Speaker 1: than the average analyst estimate. Total revenue, however, is the

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Speaker 1: figure that missed Wall Street estimates, and revenue from crypto

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Speaker 1: trading fell thirty eight percent. Obviously, with bitcoin down about

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Speaker 1: fifty percent from its October high, and I know Vlad

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Speaker 1: Tenev is going to be on the close later today,

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Speaker 1: so we have three testing what he says, by the way, guys,

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Speaker 1: Robin Hood is reminding us of the laws of physics

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Speaker 1: right now, what goes up must come down. Because to

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Speaker 1: Zeke Fox about that, it was one of the hottest

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Speaker 1: stocks last year, more than two hundred percent in twenty

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Speaker 1: twenty five. It is now down some thirty percent year

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Speaker 1: to date, so obviously the bar was really high going

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Speaker 1: into these results aside from the crypto route. And also

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Speaker 1: something interesting is they spoke extensively about prediction markets. The

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Speaker 1: CEO said that we're just at the beginning of a

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Speaker 1: prediction market super cycle, so it's got to be interesting

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Speaker 1: to say how now business grows.

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Speaker 3: I'm glad you mentioned that because I feel like that's

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Speaker 3: one area of the of the business, or one area

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Speaker 3: that Robin had hads that not every competitor has. Yeah,

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Speaker 3: the question there's a lot of questions I think for

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Speaker 3: regulators though, about Okay, what does it mean if you're

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Speaker 3: doing prediction markets and it's actually sports betting.

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Speaker 4: If you're a gambling site, you're going to be like, well,

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Speaker 4: wait a minute, we're regulated, you aren't, So I exactly

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Speaker 4: I think this one is we got to keep an

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Speaker 4: eye on it, but a lot to be determined. Hey,

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Speaker 4: let's go to Nike and you're keeping a watch on

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Speaker 4: that one.

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Speaker 1: I actually was taking a look, guys on Meta Platforms.

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Speaker 1: I think that's worth mentioning today because Bill Ackman, his

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Speaker 1: Pershing Square, said that they took a sizeable stake in

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Speaker 1: the company. Everyone has been talking about how much capex

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Speaker 1: is a concern for some of these hyperscalers, specifically Meta,

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Speaker 1: but he said that investors are actually underestimating the long

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Speaker 1: term potential of these investments. He said that the money

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Speaker 1: manager acquired a stake in Meta that amounts to about

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Speaker 1: ten percent of its capital at the end of the year.

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Speaker 1: So really strong testament of the confidence and metas ai

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Speaker 1: endeavors here. And also there was some separate news today

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Speaker 1: that Meta will spend more than ten billion dollars on

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Speaker 1: a data center campus in Lebanon, Indiana. You guys know,

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Speaker 1: of course, they said that they expect to spend as

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Speaker 1: much as one hundred and thirty five billion dollars this year.

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Speaker 4: Yeah, I think that's interesting. Is this a typical acman bet.

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Speaker 1: Not really right, So I think we've really seen him

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Speaker 1: invest in some of these big tech companies ten percent.

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Speaker 4: That's a big kind of all in, not all in,

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Speaker 4: but largely in on the trade. All right, Meta platform,

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Speaker 4: forgive us or forgive me for mis quoting that Lululemon.

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Speaker 4: What's going on here?

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Speaker 1: Yeah, so it is a bonus season and we're talking

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Speaker 1: about bonuses at Lululemon, which apparently are going to come

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Speaker 1: in below target. We had an amazing report out at

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Speaker 1: Bloomberg today. There was audio of the conversation that they

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Speaker 1: had internally saying that people won't get the bonuses that

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Speaker 1: hopefully they're anticipating. The company's chief people and culture officers

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Speaker 1: said that they are tied to global business results, which

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Speaker 1: obviously for Lulu Lemon haven't been that great. They've been

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Speaker 1: struggling with competition from Alo Yoga, other newcomer, and obviously

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Speaker 1: there was that story recently also that they had these

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Speaker 1: get low leggings that were see through and they had

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Speaker 1: to pull them off the market really quickly. So it's

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Speaker 1: performance probably weighing on those bonuses.

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Speaker 4: Well.

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Speaker 3: The stock was down twenty five percent twenty twenty four.

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Speaker 3: It was down forty six percent in twenty twenty five.

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Speaker 3: There was recently management shakeup at the top. I don't

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Speaker 3: know should this be surprising to people who compensation is.

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Speaker 4: It's called a bonus because you hit targets and you

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Speaker 4: do well.

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Speaker 1: So I mean, company doesn't do well, then you're not

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Speaker 1: going to get.

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Speaker 4: Pass Wall Street. They know about this right exactly in

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Speaker 4: a big way. But it continues to struggle and find

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Speaker 4: its way. Good stuff than as always, Thank you, thank you,

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Speaker 4: pleasure to join you, always a pleasure to have you.

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Speaker 4: Bloomberg News Equities reporter Alexandra Semenova joining us with Stock.

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Speaker 2: Movers, the Stock Movers Report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, com, and on Apple CarPlay

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Speaker 2: and Android Auto with the Bloomberg Business app. Mm hmm