Twitter, Affirm, Robinhood and more

Traders work on the floor of the New York Stock Exchange.


Check out the companies that make headlines in midday trading.

Twitter – Shares of the social media platform drop 9.7% after Elon Musk announces his privacy dealkept until he gets more information about how many fake accounts on Twitter. However, Musk said he “remains committed to acquisitions.”

Confirm – Shares of the buy now, pay later lender jumped 31.4% after Affirm beat expectations for the fiscal third quarter. The company reported a loss of 19 cents per share on $355 million in revenue. Analysts surveyed by Refinitiv saw a loss of 51 cents per share on $344 million in revenue. Affirm also announced the extension of its multi-year partnership with Shopify.

Robin Hood hero – Shares of the investment app jumped 24.9% on Friday after the CEO of crypto exchange FTX, Sam Bankman-Fried, get 7.6% share of Robinhood for $648 million after the stock hit an all-time low this week. His new position makes him the third largest shareholder in the company.

Duolingo – Shares rose 34% after the language software company posted better-than-expected quarterly earnings and revenue. Duolingo issued positive quarterly revenue guidance and reported an all-time high of active users.

Figs – Figs stock fell 25% on disappointing quarterly results. The wellness clothing maker posted a profit of 5 cents per share on revenue of $110.1 million. According to StreetAccount, analysts expected earnings of 6 cents per share on revenue of $117.3 million. The company also gave lower-than-expected revenue guidance for the year.

Krispy Kreme – Shares of the donut chain rose 10.4% after the HSBC upgrade. “We expect more price and higher size as aggressive access point expansion will keep earnings expectations on track,” HSBC said.

Grill – Shares of Toast rose 4.9% after the technology and payments platform for restaurants reported a loss in its most recent quarter, lower than Wall Street analysts expected. The company also gave strong revenue guidance for the year.

Mark – Poshmark rose 23.9% after the company posted a quarterly loss of 18 cents per share. According to Refinitiv, Wall Street analysts expected a loss of 22 cents per share. Revenue for the quarter of $90.9 million also beat estimates of $87.5 million.

Honest company – Shares of The Honest Company jumped 8.2% after the home and personal care products maker reported a quarterly loss and revenue fell short of analyst expectations. The company also reiterated its full-year revenue guidance.

Ford Motor – Shares of the car company up 8.5% after Morgan Stanley stock upgrade to balance the weight from underweight, given that the market is underestimating some of the company’s business divisions.

– CNBC’s Jesse Pound, Sarah Min, Yun Li and Hannah Miao contributed reporting

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