Take-Two, Cracker Barrel, Reddit: Trending tickers

Shares of Take-Two Interactive (TTWO) are falling Thursday despite posting a beat in its fourth quarter earnings. The company delivered weak guidance, weighing on shares.

Cracker Barrel Old Country Store (CBRL) shares are under pressure after the company cut its dividend plans by nearly 80%. This comes as the company switches its focus to upgrading its brand and physical locations.

Shares of Reddit (RDDT) are soaring after the company announced a new partnership with OpenAI. The deal will allow OpenAI to use Reddit's data to train its large language models.

Yahoo Finance's Josh Lipton and Julie Hyman break down the details.

For more expert insight and the latest market action, click here to watch this full episode.

This post was written by Angel Smith

Video transcript

Let's take a look at what's trending after our shares of take two are sinking after reported fiscal fourth quarter results, the video game makers full year forecast for next year coming in below estimates and the company sees net bookings for the full year between 5.5 billion and $5.6 billion.

That's far below the nearly $7 billion expectation.

Despite that week outlook take two fiscal fourth quarter, talk to estimates across adjusted even out and ajus earnings per share.

And there's one more important thing here take to announce the hotly anticipated Grand Theft Auto Six will come in the fall of 2025.

Previously, fans were told the release would happen next year that they weren't given a specific time frame plus shares of Cracker Barrel old country store tumbling here after the restaurant chain announced plans to slash its dividend by roughly 80% to 25 cents per share.

The reduction comes as the company looks to spend millions upgrading its brand and stores.

The CEO saying the company has to be better than everyone else to compete in an increasingly tough environment and chairs of reddit rising after announcing a partnership with open A I of 14% as the agreement grants open A I access to Reddit's internal data enabling open A I tools including chad GP T to train on Reddit content.

The deal will also bring new A I features to the social media company site and open A I will become an advertising partner for Reddit.

Josh, that's something that Reddit talked about when it had its IP O that, it might, I'm curious to this kind of thing.

Yeah.

Yeah.

I know.

I'm curious to hear how Reddit users feel about this.

That'll be an interesting question, question and we'll hear.