Twitter (TWTR)

Twitter plunged 14.6% in premarket action after Elon Musk
tweeted that his deal to acquire the company was “temporarily” on hold, as he
awaits details on the number of fake and spam accounts on the platform.

Also Read | How a Musk mandate is drowning Twitter shares

Affirm Holdings (AFRM)

Shares of Affirm Holdings rocketed 33.8% higher in the
premarket after the company reported a quarterly loss of 19 cents per share,
significantly lower than the 51 cent loss that analysts were anticipating. The
fintech company’s revenue exceeded forecasts. Affirm also raised its full-year
revenue outlook and announced the extension of its ongoing partnership with
e-commerce platform operator Shopify.

Also Read | The big short: Is Elon Musk going to renegotiate Twitter deal?

Robinhood Markets (HOOD)

Robinhood surged 22.4% in the premarket after Sam
Bankman-Fried, founder of cryptocurrency exchange FTX, disclosed a 7.6% stake
in a regulatory filing. The purchase makes him the third-largest shareholder in
the trading platform company.

Duolingo (DUOL)

Duolingo stock surged 15.3% in the premarket after it posted a narrower quarterly loss and higher than expected revenue. The language software provider said active user numbers are at an all-time high, and it issued an upbeat current-quarter revenue outlook.

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MicroStrategy (MSTR)

MicroStrategy jumped 13.9% in the premarket in what’s
been a volatile week for the business analytics company. MicroStrategy, which
has extensive bitcoin holdings, saw its stock tumble over 25% on both Monday
and Wednesday before rising yesterday.

Toast (TOST)

Toast gained 3.2% in premarket trading after the restaurant-focused technology platform firm reported a lower than expected quarterly loss and revenue that exceeded market estimates. It also raised its full-year revenue outlook, as more restaurants adopt Toast’s technology.

Also Read | Driving down US inflation will come with ‘some pain’ warns Federal Reserve

The Honest Company (HNST)

The Honest Company’s shares surged 3.1% in premarket action
after it reaffirmed its full-year revenue forecast. The personal care and
household products company also reported a quarterly loss and revenue numbers
that were both in line with Wall Street forecasts.