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ZipRecruiter Stock: Online Recruitment Leader Faces Headwinds Into 2022

ZipRecruiter benefited from the strong U.S. labor market momentum during the early stages of the post-pandemic recovery. ZipRecruiter, Inc. (ZIP) operates a leading online job listings platform connecting businesses with job seekers. The company became publicly traded last year taking advantage of a hot job market in the United States into the early stages of the post-pandemic recovery. Indeed, ZipRecruiter has reported impressive growth in recent quarters supporting firming financials and a positive long-term outlook. Still, the stock has been under pressure with a deep selloff from recent highs following broader market weakness among "high-growth" technology companies trading at lofty valuations. For ZipRecruiter, one challenge is signs of a slowing job market compared to a record year in 2021. The stock looks interesting on the correction which has helped to balance valuation concerns, but we believe the upside may be limited into 2022 headwinds.
MARKETS
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Activision Blizzard faces patent trial after Texas court ruling

(Reuters) - A unit of video game giant Activision Blizzard has lost a bid to throw out a long-running lawsuit in Texas federal court that accuses it of profiting from another company's patented technology. A U.S. district judge in Austin said Wednesday that Blizzard Entertainment Inc failed to prove a...
TEXAS STATE
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TRENDING TOPICS

Microsoft-Activision deal gives merger speculators a new darling

Jan 20 (Reuters) - Hedge funds that earn returns speculating on precarious acquisitions were handed a gift this week when Microsoft Corp (MSFT.O) agreed to buy "Call of Duty" maker Activision Blizzard (ATVI.O) for $68.7 billion in cash. The transaction will require antitrust approval in the United States as well...
BUSINESS
Benzinga

Citi Cuts Microsoft Price Target By 8%

Citi sees Microsoft Corp (NASDAQ:MSFT) likely continuing its strong growth rates generated in the past several quarters. However, Microsoft's "lower commercial PC numbers" and the decline in earnings multiples for software stocks led to the target price cut to $376 from $407. The price target implies an upside of 21%.
STOCKS
myindiafirst.com

Israel police chief orders probe into NSO spyware claims | Police News

Police commissioner says an internal investigation of police force using NSO spyware did not yield cases of unlawful surveillance. Israel’s police chief says he has ordered an extensive investigation into a newspaper’s claims that the police force had used controversial Israeli spyware to hack the phones of protesters, mayors and other citizens under investigation without proper authorisation.
PUBLIC SAFETY
roselawgroupreporter.com

Microsoft to gobble up Activision for $69 billion; deal shows ‘metaverse here to stay,’ says Omar Abdallah, Rose Law Group attorney advising on Web 3.0 matters

Microsoft Corp (MSFT.O) is buying “Call of Duty” maker Activision Blizzard (ATVI.O) for $68.7 billion in the biggest gaming industry deal in history as global technology giants stake their claims to a virtual future. The deal announced by Microsoft on Tuesday, its biggest-ever and set to be the...
BUSINESS

Microsoft's Largest Acquisition: Activision Blizzard

Tuesday, January 18th, 2022, Microsoft Corp has announced that they will be acquiring Activision Blizzard Inc. For those unfamiliar with the company, you may recognize them as the studio which created Overwatch, Call of Duty, and Candy Crush. Microsoft announced that they would be acquiring the company for seemingly large price tag of $68.7 billion. This marks Microsoft's largest acquisition to date in the company's 47 years.
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