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Mogo Inc. Common Shares - $MOGO STOCK NEWS

Welcome to our dedicated page for Mogo Common Shares news (Ticker: $MOGO), a resource for investors and traders seeking the latest updates and insights on Mogo Common Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mogo Common Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Mogo Inc. (TSX:MOGO) will announce its Q1 2024 financial results on May 9, 2024, with a conference call hosted by CEO David Feller and CFO Greg Feller. The live webcast will include a slide presentation, and financial results will be issued prior to market open. Details for the conference call and webcast are provided.

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-0.54%
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Rhea-AI Summary

Mogo congratulates WonderFi and KAOS Capital on their cooperation agreement and expresses support for the nomination of three new directors. The Company views this as a positive step towards realizing the growth potential of WonderFi as the only fully-regulated crypto exchange in the Canadian market. Mogo has entered into a mutual standstill agreement with WonderFi and has agreed to sell up to 20 million of its WonderFi shares over time. The Company will also maintain one seat on WonderFi's board and has granted KAOS a right of first refusal over the same shares Mogo may sell.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
management
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Rhea-AI Summary
Mogo reiterates support for KAOS Capital's call for change at WonderFi, expressing disappointment in WonderFi's board for attacking its largest shareholders instead of addressing operational and governance issues.
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-1.09%
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none
Rhea-AI Summary
Mogo Inc. nominates Christopher Payne as a director for WonderFi Technologies Inc., expressing support for a new slate of directors. Mogo, WonderFi's largest shareholder, emphasizes the need for a fundamental transformation of the board. The company has invested over $100 million in WonderFi and seeks to enhance its position as a regulated crypto exchange in Canada.
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Rhea-AI Sentiment
End-of-Day
-1.31%
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management
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Rhea-AI Summary
Mogo Inc. announces the resumption of share repurchases under its buyback program on NASDAQ after releasing Q4 & FY 2023 financial results. The Company repurchased 474,353 common shares in 2023 at an average price of $2.36 per share. Including previous repurchases, Mogo has bought back 1,074,353 shares to date, representing 4.4% of outstanding shares. The Company aims to enhance long-term shareholder value by repurchasing undervalued shares.
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Rhea-AI Sentiment
End-of-Day
2.86%
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buyback
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News
Rhea-AI Summary
Mogo Inc. (MOGO) reports a 36% increase in payments volume to $9.9 billion, Q4 revenue of $17.2 million, and Adjusted EBITDA of $2.7 million. The company ended the year with $55.6 million in cash and investments, including $27.7 million in crypto-related investments. Mogo focuses on profitability and efficiency, with plans to accelerate marketing efforts in 2024 to enhance user experience and financial freedom for Canadians.
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End-of-Day
-11.7%
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Mogo Inc. launches Moka.ai, a wealth-building app utilizing behavioral science to help Canadians achieve financial freedom. The app aims to disrupt traditional financial systems by providing a flat-fee subscription model and innovative wealth calculator.
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Rhea-AI Sentiment
End-of-Day
2.58%
Tags
AI
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Rhea-AI Summary
Mogo Inc. announces a conference call to discuss its Q4 & Full-Year 2023 financial results on March 20, 2024. The call will be hosted by David Feller, Founder & CEO, and Greg Feller, President & CFO.
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Rhea-AI Sentiment
End-of-Day
-10.09%
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Rhea-AI Summary
Mogo Inc. announces a shift in treasury management strategy to include Bitcoin and Bitcoin ETFs with an initial investment of up to $5.0 million. The company believes in the long-term investment opportunity for Bitcoin and highlights recent regulatory approvals and support from major asset managers. Mogo's Q3 financial report shows cash and total investments of $43.7 million, including a significant ownership in WonderFi Technologies Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.27%
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none
Rhea-AI Summary
Mogo Inc. (NASDAQ:MOGO) expands its relationship with Snowflake, the Data Cloud company, to use it as the foundation for its Wealth products, allowing for the deployment of new AI applications. The expanded use of AI aims to reshape the investing landscape and help Canadians, especially Gen Z, to benefit from advancements in wealth-building. Mogo's digital wealth platform includes Mogo, a commission-free stock trading app, and Moka, which offers Canadians a real alternative to mutual funds and wealth managers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
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AI
Mogo Inc. Common Shares

Nasdaq:MOGO

MOGO Rankings

MOGO Stock Data

44.13M
21.22M
12.5%
16.21%
1.86%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
Vancouver

About MOGO

mogo is a different kind of finance company. with canadians currently carrying record levels of debt, we’re here to help consumers push back. our goal is to save canadians $1 billion with our mogo card and range of mogo money loans. we don’t want you to spend more so we can make more money from your bad decisions. mogo wants you to spend smarter. that could mean spending less or it could simply mean borrowing money in different ways. we have a full range of personal loans to meet your financial needs, whatever they might be, including our recently introduced installment loan product mogoliquid. on signing up for a mogo account you have access to a range of mogo perks including a free prepaid visa card, free credit score and access to treats and events. check out our website mogo.ca for more information about what we offer and our latest blog posts on how to do more spend less. we’re based in vancouver, bc and are always looking for great talent. if you would like to join the te