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Formula 1 Stock Hits 52-Week High, Announces 11th Team With General Motors/Andretti Global After Max Verstappen's Fourth Straight Title
Monday, November 25, 2024 - 7:15pm | 1075Formula 1 is expanding with an 11th team joining the global motorsport for the 2026 season, naming General Motors (NYSE:GM) with Andretti Global. While the new team is still over a year away from starting, it will add an increased American presence to the sport and more competition for recent and...
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NASCAR Goes Electric, Teases New EV Prototype: What It Means For Racing League's Future
Monday, July 8, 2024 - 3:22pm | 639A leading motorsports league is among the sectors looking at the potential to diversify with electric vehicles. Here's the latest on a new project from NASCAR. What Happened: The NASCAR racing league unveiled a new electric vehicle prototype and launched an electrification innovation partnership...
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Motorsport Games Shares Surge After Regaining NASDAQ Compliance
Thursday, June 6, 2024 - 8:18am | 449In a notable pre-market surge, shares of MotorSport Games Inc. (NASDAQ:MSGM) climbed over 20%, following the company’s announcement of regaining compliance with NASDAQ listing requirements. What Happened: At the moment of reporting, MSGM’s shares were valued at $2.81 in the pre-market...
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Formula One Rejects Andretti, General Motors Team Bid: What This Could Mean For US Growth, ESPN's Media Rights
Wednesday, January 31, 2024 - 4:19pm | 746Formula One rejected a proposal to add an all-American team to the racing series — a move that could stymie growth in the U.S. What Happened: Formula One, which trades as Liberty Formula One Group (NASDAQ:FWONA)(NASDAQ:FWONK), nixed a proposal by former Formula 1 driver Michael Andretti. Andretti,...
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Roku Joins The Live Sports Streaming Race, Grabs Rights To This Sport
Tuesday, June 27, 2023 - 1:40pm | 872Roku Inc (NASDAQ: ROKU) is the latest streaming platform to enter the live sports market. What Happened: The New York-based company announced Tuesday that it will be the official streaming home of motorsports league Formula E for the U.S. This marks the first live sports rights package for Roku,...