Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022
The social media giant reported losing $4.3 billion in the division in the fourth quarter of 2022 on revenues of $727 million.
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Feb 1, 2023 at 9:22 p.m. UTC
Feb 1, 2023
Earnings Reports
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Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023
The crypto exchange’s transaction revenue fell 44% from the second quarter.
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Nov 3, 2022 at 8:29 p.m. UTC
Nov 3, 2022
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Robinhood’s Crypto Revenue Declined 12% to $51 Million in Q3
The popular no-fee trading app’s monthly average users fell to 12.1 million as customers navigated a “volatile market environment.”
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Nov 2, 2022 at 8:24 p.m. UTC
Nov 2, 2022
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Coinbase’s Interest Income May Be Bright Spot Amid Challenging Third Quarter
Trading volumes likely remained soft again, but analysts are on the lookout for how much interest income Coinbase can earn, particularly from stablecoins.
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Nov 2, 2022 at 12:30 p.m. UTC
Nov 2, 2022
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MicroStrategy Reported Impairment Charge of $727K on Bitcoin Holdings in Q3
The business software firm owns about 130,000 bitcoins worth approximately $2.7 billion on its balance sheet.
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Nov 1, 2022 at 8:16 p.m. UTC
Nov 1, 2022
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Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023
Meta's revenue for the division came in at $285 million, down from $452 million in the second quarter.
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Oct 26, 2022 at 8:21 p.m. UTC
Oct 26, 2022
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Tesla Made No Changes to Its Bitcoin Holdings in Third Quarter
The electric car company did not buy or sell any bitcoin in the quarter, after selling 75% of its holdings in the second quarter.
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Oct 19, 2022 at 8:20 p.m. UTC
Oct 19, 2022
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Bitcoin Steady Above $19K Even as Stocks Give Back Thursday’s Wild Gains
BTC was holding at around $19,300, though traditional markets slid on Friday following the release of earnings reports from major banks.
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Oct 14, 2022 at 6:26 p.m. UTC
Oct 14, 2022
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Will Earnings Reports Portend Recession?
Wall Street seems convinced that forward guidance is going to be rough.
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Oct 11, 2022 at 7:11 p.m. UTC
Oct 11, 2022
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Bitcoin Miner Stronghold Digital Significantly Restructures Debt
The bitcoin miner said negotiations with its lenders were the reason for the delays in releasing its second-quarter earnings report.
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Aug 16, 2022 at 6:39 p.m. UTC
Aug 16, 2022