Coinbase Shares Surge, Penn Shares Gain, Meta Nears Acquisition of AI Voice Startup
Jun 26, 2025
Coinbase shares soar over 1,000% since late 2022, marking a remarkable comeback amid growing acceptance of cryptocurrency. Penn Entertainment sees its stock rise significantly thanks to a favorable analyst report, hinting at better days ahead. Meanwhile, Meta Platforms is eyeing an AI voice replication startup to bolster its technological edge, raising ethical questions about AI's role in mimicking human emotions. The podcast dives into these trends, showcasing a dynamic shift in the financial landscape.
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insights INSIGHT
Coinbase's Remarkable Recovery
Coinbase shares surged over 1,000% from late 2022 after the FTX collapse.
Growing acceptance and supportive legislation in Washington sparked renewed investor enthusiasm.
insights INSIGHT
Penn Entertainment's Outlook Brightens
Penn Entertainment was downgraded due to past underperformance but shows bullish catalysts ahead.
Future shareholder returns and casino growth signal optimism despite previous setbacks.
insights INSIGHT
Meta Eyes AI Voice Tech
Meta is in advanced talks to acquire PlayAI, a startup replicating human voices with AI.
This acquisition is part of Meta's aggressive effort to acquire AI talent and technology.
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- Coinbase (COIN) shares are on track for their first record in more than three years, capping off a rally fueled by growing acceptance of the cryptocurrency industry on Wall Street and in Washington. The crypto-exchange operator’s stock was up 2.7% on Thursday, trading at $365.05 — higher than the peak close of $357.39 in November 2021, just months after the company went public through a direct listing. Coinbase shares have surged more than 1,000% from a record low in late 2022, which came as the collapse of FTX raised questions about the future of digital assets. The stock’s comeback occurred as cryptocurrency prices rebounded and the industry won powerful new allies, including US President Donald Trump.
- Penn Entertainment (PENN) shares climbed as much as 4.9% to reach their highest intraday level since early March, after Citizens raised the recommendation on the casino operator to market outperform from market perform. Analyst Jordan Bender says that after several years of overpromising and underdelivering, leading to a bloated cost structure and balance sheet, he sees the light at the end of the tunnel for PENN shares.
- Meta Platforms (META) shares are up. The company is in advanced talks to acquire PlayAI, a small startup using artificial intelligence to replicate voices, part of the social media company’s push to nab top talent and catch up in the AI race. Meta is expected to acquire the Palo Alto, California-based startup’s technology and some of its employees, according to people familiar with the matter, who asked not to be named sharing private information. The deal is not yet finalized and could still change, the people said. Financial terms under discussion could not be learned.
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