Robinhood Reports Better-Than-Feared 2Q 2022 Results, Announces 23% Headcount Reduction
After the market closed on August 2, Robinhood Markets, Inc. (NASDAQ: HOOD) announced weak 2Q 2022 results (but results that may be considered better than feared), as well as plans to cut an enormous 23% of its workforce. It appears this includes and is an extension of the 9% workforce reduction plan the company announced in April 2022. Robinhood’s […]
AMC: Analysts Call For EPS Of -$0.19 In Q2
AMC Entertainment Holdings, Inc. (NYSE: AMC) will report its second quarter financial results on August 4th after market close. Analysts have a consensus $9.09 12-month price target on the company, via a total of 8 analysts, with 3 analysts having hold ratings, 3 analysts have sell ratings and the last 2 analysts have strong sell […]
The Nancy Pelosi Travel Diary: “Taiwan’s Most Devoted Friend” Miffs China, Triggers Military Drills Near Taiwan’s Coastline
As House Speaker Nancy Pelosi departs from her controversial visit to Taiwan, China prepares to launch a fiery display of displeasure through a series of live-fire military drills scheduled to begin on Thursday. The drills, as described on a post shared by Chinese state media, will be performed in five zones surrounding the self-ruled island, […]
Rugpull Galore: Solana Ecosystem Becomes Latest to Suffer Crypto Hack
The Solana ecosystem has become the newest victim of cryptocurrency crime, after more than 8,000 wallets become compromised in what appears to be an ongoing attack as of Tuesday night. Those with Solana blockchain-based crypto wallets were rudely awakened when funds were unexpectedly withdrawn without their consent from hot wallets such as Phantom, Slope, and […]
South Africa Erupts In Protests as Global Inflation Crisis Worsens
The extent of the global inflation crisis is becoming increasingly apparent, as more and more countries succumb to protests and chaos over the exponential surge in living costs. South Africa has become the latest country to experience unrest over surging energy costs, as residents took to the streets of Johannesburg to erect road blockades and […]
Did Visa Enable Mindgeek’s Child Porn Problem? (And Is It The Newest Short Target In Town?)
The ongoing saga of MindGeek’s–the parent company of adult site Pornhub–troubled policy in policing their pornographic content of illegal underage and nonconsensual videos has recently hit a dramatic turn. One of the lawsuits filed against the firm involves global payment platform Visa (NYSE: V) as one of the defendants, alleging the latter as an enabler […]
MicroStrategy Records A Whopping US$1.06 Billion Net Loss In Q2 2022 Due To ‘Crypto Winter’
MicroStrategy (Nasdaq: MSTR) just felt the brunt of the crashing bitcoin prices on the firm’s bottomline. The company announced on Tuesday its Q2 2022 financial results toplined by a quarterly revenue of US$122.1 million, down from Q2 2021’s US$125.4 million. But this is overshadowed by the biggest decline in its financials; the firm recorded a […]
AbraSilver Makes New Discovery After Intersecting 346 g/t Silver Over 87 Metres
A fresh discovery has been made by AbraSilver Resource Corp (TSXV: ABRA) at its flagship Diablillos property in Argentina. The firm has identified a new high grade silver zone outside of current mineral resources on the property. The new zone is found 500 metres to the southwest of the Oculto zone, and was discovered via […]
QYOU Media Set To Launch New Channel Focused Exclusively On Gaming
QYOU Media (TSXV: QYOU) this morning indicated it is entering a slightly different vertical. While remaining focused on its target audience, the company intends to take advantage of the rising popularity of gaming, and will be launching a television channel focused exclusively on gaming. Referred to as Q GameX, the channel will feature streams of […]
Michael Saylor Steps Down as CEO of MicroStrategy
This afternoon after the bell Michael Saylor officially stepped down from his role as the CEO of MicroStrategy (NASDAQ: MSTR) . He will take on the role of executive chairman. Phong Le, MicroStrategy’s current president, will take Saylor’s place as CEO. In the company news release he said, “I look forward to leading the organization for […]