BERLIN, July 13, 2020 (GLOBE NEWSWIRE) -- Crealytics, an industry innovator of performance advertising, site monetization and retail media solutions, has relaunched its website to better cater to brand and retailer needs. Visitors to www.crealytics.com can now more easily navigate through Crealytics’ suite of paid search and site monetization offerings. A responsive interface helps users identify and solve for their specific challenges across PLAs, paid social and programmatic, sponsored product ads and display ads. CEO and founder Andreas Reiffen highlighted a need to realign www.crealytics.com with its industry-leading approach. “Brands and retailers face ever more complex decisions around their online advertising. We’ve redesigned Crealytics’ new website to enhance their unique strategies, from customer lifetime value-based performance advertising to granular incrementality measurements and unrivaled retail media solutions.” About CrealyticsCrealytics is a retail advertising solutions company. With a balanced focus on customer acquisition and site monetization, Crealytics empowers ecommerce retailers with technologies and services that address the entirety of the product advertising lifecycle. Its offices are located in New York, Berlin, and London and are supported by a worldwide team of 170 retail experts. Media RelationsCrealyticsMark Schwartz+1 (201) 953-5862Mark.Schwartz@Crealytics.com
Tesla CEO Elon Musk poses on the red carpet as he arrives for the 43rd "Golden Steering Wheel" awards on November 12, 2019 in Berlin. Tobias Schwarz | AFP via Getty Images Shares of Tesla hit a new all-time high on Monday, extending the stock's record run, as investors continue to pile into the Elon Musk-led company. And as the company's valuation climbs ever higher, speculation is growing that the company will soon join the S&P 500. After Monday's open, Tesla's market value increased to $321 billion, according to FactSet. That makes it the 10th largest U.S. stock by market value, leapfrogging Procter & Gamble, according to FactSet. After closing at an all-time high on Friday, shares were another 14% higher on Monday. For the year, the stock is up more than 300%. Earlier in July Tesla topped Toyota to become the largest automaker in the world by market value. The stock is up more than 55% in July alone after the company handily beat delivery estimates in the second quarter, delivering about 90,650 vehicles compared with Street estimates of 72,000. Investors now believe that the company could report a fourth straight quarter of GAAP profits when it posts second quarter results on July 22, meaning it could be considered for inclusion in the S&P 500. Tesla's valuation — and controversial founder — have been hotly debated by the Street for years, with outspoken investors on either side. And some, including Larry McDonald, editor of the Bear Traps Report, believe the recent run is driven not by fundamental strength, but by investors bidding up shares ahead of the company's potential inclusion in the S&P 500. "By buying up Tesla TSLA now, front-runners are forcing the S&P Indexes to give the stock a higher and higher weighting," he wrote in a recent note. "Thus, ETFs / Indexes will be forced to pay up, buying even more shares. Then the hot money exits, leaving indexes holding the bag," he said. Meanwhile Adam Jonas, Morgan Stanley's widely-followed auto analyst, said on Friday that "the day's of Tesla's virtually unchallenged dominance may be numbered." He has an underweight rating on the stock and a $740 price target, which is 52% below where the stock closed on Friday. But there are plenty of bulls on the other side of the table, including JMP Securities' Joe Osha, who said in a recent note to clients that Tesla will earn $100 billion in annual revenue by 2025. For its latest full fiscal year, Tesla generated $24.6 billion in revenue. Still, despite Osha's bullish stance, his $1,500 target is below where the stock currently trades. According to estimates compiled by FactSet, the highest target on the Street is $1,525 — also below where the stock currently trades — while the average target is just $805. - CNBC's Michael Bloom contributed reporting. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
Tesla CEO Elon Musk is now the seventh-richest person in the world, surpassing legendary investor Warren Buffett, as Tesla's stock continues to skyrocket. Musk surpassed Buffett on Friday after Tesla shares hit an all-time high, giving Musk a net worth of about $70.5 billion, roughly $1 billion more than Buffett. Tesla shares continued to surge Monday and hit another all-time high. Shares jumped 12% in morning trading and brought its market valuation to $325 billion, making it the tenth largest U.S. stock by market value. Investors now believe that the company could report a fourth straight quarter of GAAP profits when it posts second quarter results on July 22, meaning it could be considered for inclusion in the S&P 500. The company's stock is up more than 300% for the year. CNBC's Robert Frank and Pippa Stevens contributed to this report. Subscribe to CNBC on YouTube.
Satellite radio giant SiriusXM said Monday that it is buying podcasting platform Stitcher from broadcaster E.W. Scripps for $325 million. Sirius had been in talks for weeks to acquire the platform, which owns a handful of podcast networks that produce shows like “Freakonomics Radio,” “My Favorite Murder” and “Conan O’Brien Needs a Friend.” The deal positions Sirius to run in the podcasting big leagues, alongside Apple Music, iHeart Media and Spotify, which leads the podcast race thanks to a slew of recent acquisitions, including Bill Simmons’ The Ringer, Gimlet Media and hit show “The Joe Rogan Experience.” “With this acquisition, SiriusXM’s combined properties will contain the largest addressable audience in the US across all categories of digital audio — reaching over 150 million listeners,” Sirius Chief Executive Jim Meyer said in a memo to staff Monday. Prior to the Stitcher transaction, Sirius had been slowly moving into podcasting with the 2018 acquisition of music and podcast streamer Pandora for $3.5 billion, as well as this year’s acquisition of Simplecast, a podcast hosting platform where users can manage their show distribution and content, among others. According to reports, Stitcher has been shopped for some time by Scripps, which is facing pressure in its core local TV business. The podcasting company, which was bought by Scripps in 2016 for 4.5 million, brought in $17.1 million in operating revenue for the first quarter of the year, up 13 percent from a year earlier. Under the terms of the deal, which is is expected to close in the third quarter of 2020, Sirius will make a cash payment of $265 million to Scripps. The agreement provides that Sirius will will potentially make up to $60 million in additional contingent payments based on Stitcher achieving certain financial metrics in 2020 and 2021.
PARIS (AFP) - Europe's major rivers are littered with surgical masks and medical gloves discarded by people protecting themselves against the Covid-19 coronavirus, scientists have reported. The rubbish adds to plastic pollution already clogging the continent's major waterways, research organisation Tara Ocean Foundation told France Inter radio on Sunday (July 12). During the month of June, researchers "systematically found gloves and masks" along the banks and beaches of rivers across Europe, said Ms Romy Hentinger, head of international cooperation at the foundation. "This is worrying," she said. "We can only assume that others (masks and gloves) have already made it to the ocean." The disposable protective gear is manufactured from polypropylene and will thus disintegrate quickly in the ocean, making it almost impossible to recover, she added. The Tara Foundation recently concluded a scientific survey of nine major rivers - the Elbe, Rhine, Seine, Rhone, Garonne, Loire, Tiber, Thames and Ebro - to measure concentrations of microplastics. The expedition from May to November 2019 found them in 100 per cent of the water samples they collected, showing that particles had already broken down before being carried out to the sea. "We're waiting for the final results from our scientists," said Ms Hentinger. Contrary to what was once thought, bits of plastic in ocean water are not broken down by UV rays and salt. Around eight million tonnes of plastic end up in the world's oceans every year. Related Stories: