11 Best NASDAQ Penny Stocks To Buy Right Now

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5. Taboola.com Ltd. (NASDAQ:TBLA

Number of Hedge Fund Holders: 27

Stock Price as of December 4: $3.97

Taboola.com Ltd. (NASDAQ:TBLA) is a digital advertising company that operates a discovery platform that matches advertisers with publishers on the open web and monetizes their online presence. The company generates revenue from its advertisers through various pricing models. Taboola.com Ltd.’s (NASDAQ:TBLA) client base includes prominent publishers such as Yahoo, Apple, BBC, CBS, USA Today, and National World, among others.

Taboola.com Ltd. (NASDAQ:TBLA) is focusing on expanding its distribution channels to drive traffic to its publisher partners and create new revenue streams. Moreover, the company is exploring new avenues in e-commerce, particularly in the realm of social commerce. This initiative has seen impressive growth, especially in markets like China, where e-commerce companies are leveraging Taboola to drive higher customer acquisition and purchasing activity.

Taboola.com Ltd. (NASDAQ:TBLA) recently launched Abby, an AI-powered content creation tool for advertisers that produces high-quality, engaging content resonating with their target audience. The company is actively working on increasing awareness of Abby among small and medium-sized businesses (SMBs) through targeted efforts. By making these tools accessible and user-friendly, Taboola.com Ltd. (NASDAQ:TBLA) aims to attract a broader range of advertisers and drive more revenue from self-serve products.

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