Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move. We can do that, bloombergs Natalia Keanan Jevich, Natalie,
Speaker 3: what are you looking at today in the marketplace?
Speaker 4: Yeah, let's start with Meta. Shares are up by almost
Speaker 4: two percent. Meta has agreed to buy Manus. This is
Speaker 4: a single pore based AI start up with Chinese roots.
Speaker 4: The deal values Manus at about two billion dollars. This
Speaker 4: is according to sources familiarle bit Matter, who also told
Speaker 4: Bloomberg that this deal was struck in just about ten days.
Speaker 4: So according to the statement, Meta wants to continue operating
Speaker 4: and selling Manus service, but also it wants to integrate
Speaker 4: these services into its own products. This startup is backed
Speaker 4: by some of the biggest Chinese names, including ten Cent,
Speaker 4: and it has AI agent which can do different tasks
Speaker 4: like screening resumes or analyzing stocks, so it is a
Speaker 4: profitable business. Manus had an annual revenue of one one
Speaker 4: hundred and twenty five million dollars earlier this year. This
Speaker 4: is from selling, of course, its products, and it's also
Speaker 4: a good indicator because Mad can get immediate returns after
Speaker 4: this acquisition. I'm just curious why Chinese or Singapore based
Speaker 4: startup not US, because we have so many similar startups
Speaker 4: here and.
Speaker 3: They're all over the place. You never know where you're
Speaker 3: going to find it.
Speaker 1: But diversification, sure, maybe.
Speaker 4: Cheaper, maybe cheaper yep.
Speaker 1: And you know what. Dan Ives was on with Paul
Speaker 1: again earlier in Alexis and made a really good point,
Speaker 1: which was that for many years China has been ahead
Speaker 1: of the US on a number of technologies. He would say,
Speaker 1: he said, you know, you'd go to Taiwan and see
Speaker 1: what they were doing, and you'd come back to New
Speaker 1: York and see somebody get into a fight at the
Speaker 1: dunkin donutsks. Right now, we're ahead in this tech or
Speaker 1: so we tell ourselves.
Speaker 3: Right, Yeah, I'm not sure how you measure that, but
Speaker 3: that's how it feels. How about Tesla.
Speaker 4: Tesla, Yes, so shares are actually down today after the
Speaker 4: company posted estimates for vehicle deliveries which came Actually shares
Speaker 4: are mostly flat, we should say, are more pessimistic compared
Speaker 4: to data from Bloomberg. So by Tesla's count, analysts on
Speaker 4: average expect the company to deliver slightly above four hundred
Speaker 4: and twenty two thousand vehicles in the fourth quarter. That
Speaker 4: would show at fifteen percent decline versus a year ago.
Speaker 4: Bloomberg calculations showed that that could potentially be a ten
Speaker 4: percent decline. Tesla is, of course, on pace to post
Speaker 4: a second straight year of vehicle sales declines. And we
Speaker 4: know that there was some rush in the third quarter
Speaker 4: to buy cars ahead of this tax credit.
Speaker 3: Yeah, a little pool pull ahead there that's probably playing out there.
Speaker 3: What's this next one? Heretf Yeah, it's awesome.
Speaker 4: Twenty four our shares that software company exactly. So I
Speaker 4: think this is Matt's favorite sector of software services.
Speaker 1: Software services are going to get eaten by AI, you know,
Speaker 1: That's what I think. I could be wrong. I could
Speaker 1: be wrong, because I've noticed lately really access to data
Speaker 1: is a huge is a huge point, you know, because
Speaker 1: I'm always looking for cars in the aftermarket, and I
Speaker 1: look on an auto trader, and I look at car Gurus,
Speaker 1: and I look at cars dot com, and when I
Speaker 1: use Chat, GPT or Google Gemini, it's useless it's absolutely powerless,
Speaker 1: and even the AI box will say, hey, listen, we
Speaker 1: don't have any access to the data. So interesting if
Speaker 1: you're a SaaS company and you have also an interesting
Speaker 1: data set, like for example, there's a company called gong
Speaker 1: Right which has access to customer feedback that no one
Speaker 1: else has. And I always thought, well, gong is going
Speaker 1: to get destroyed by AI, but maybe not because no
Speaker 1: one else has all that data.
Speaker 3: All the day, it's all about the data as we
Speaker 3: know about.
Speaker 1: So what's this company on.
Speaker 4: So shares are up by thirty seven percent today after
Speaker 4: the company agreed to be bought by Cevent and other
Speaker 4: software solutions company for a total consideration of about four
Speaker 4: one hundred million dollars in cash and expects to close
Speaker 4: transaction in the second half of twenty twenty six. However,
Speaker 4: it is a little bit strange because we see this
Speaker 4: huge jump in stock prices, but the company when it
Speaker 4: reported earnings last time, they already said that they received
Speaker 4: some proposals. Okay, so maybe it is a surprise for
Speaker 4: some people.
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