Coinbase Q3 2023 Financials: “Strong Quarter” Is Weakest Volume Traded In Three Years
Coinbase Global (NASDAQ: COIN) released its Q3 2023 financials, headlined by a quarterly total revenue of $674.1 million. This is a drop from Q2 2023’s $707.9 million but an uptick from Q3 2022’s $808.3 million, but still surpasses the consensus of analysts surveyed by Bloomberg, who had predicted $590.3 million. “Q3 was a strong quarter for Coinbase,” started […]
BREAKING: Sam Bankman-Fried Found Guilty In All Counts, Faces 100+ Years In Jail
Sam Bankman-Fried, once the head of one of the world’s largest cryptocurrency exchanges, has been found guilty of fraud and money laundering following a month-long trial in New York. The jury reached its verdict after a single day of deliberations, marking a significant downfall for the former billionaire and one of the most prominent figures […]
Biden Administration Launches Initiative to Convert Vacant Offices into Affordable Housing
The White House has launched a multi-agency initiative aimed at repurposing vacant office buildings into affordable housing. The program leverages the availability of $35 billion in low-cost loans from the Transportation Department to support housing projects near transportation hubs. This effort aligns with the Biden administration’s clean-energy agenda. The initiative also introduces additional funding sources, […]
Bud Light Maker Anheuser-Busch Sees Uptick In Q3 2023 Financials, But Still Marred By Transgender Controversy
Anheuser-Busch InBev (NYSE: BUD) announced on Tuesday that it experienced revenue growth in most of its global regions during the third quarter. However, this growth was overshadowed by a significant drop in North American sales, signaling the ongoing repercussions of a controversial partnership with a transgender influencer. As the world’s largest brewer and the parent […]
Panera Bread Lays Off 17% of Corporate Staff to Prepare for IPO
Panera Bread has recently reduced its corporate staff by approximately 17%, or about 300 jobs. This move is reportedly part of the company’s ongoing preparations for an initial public offering (IPO). The restructuring efforts have primarily targeted support roles with the objective of optimizing operations at Panera Brands Inc., the parent company of Panera Bread, […]
“Not Guaranteed For $1”: Is USDC Next To Fail?
In a recent post on X (fka Twitter) by crypto pundit @RhoRider, he shared a controversial revelation regarding the popular stablecoin USDC (USD Coin). The post exposed concerning clauses in the terms of service for both Coinbase and Circle, raising significant doubts about the stability and reliability of USDC. USDC Not Guaranteed for $1 Redemption […]
QYOU Media Appoints Ex-TikTok Country Manager As Group CEO For India
QYOU Media (TSXV: QYOU) has appointed Raj Mishra, a prominent figure in the Indian digital landscape, as the Group CEO for QYOU Media’s India operations, overseeing all of its business units.
Disney Takes Full Control of Hulu in $8.61 Billion Deal with Comcast
The Walt Disney Company (NYSE: DIS) has announced its intention to gain full control of Hulu, a prominent streaming service, by purchasing Comcast‘s (NASDAQ: CMCSA) 33% stake in the platform for at least $8.61 billion. This move comes as part of a “put-call” agreement between the two companies that was established in 2019. The final […]
Safemoon Founders Arrested, Dave Portnoy Admits Token Is “Ponzi Scheme”
Ironically, a project with “safe” in its name proved to be a fraudulent scheme with the founders of the SafeMoon crypto token, John Karony, Kyle Nagy, and Thomas Smith, formally arrested by the US government. Their apprehension by the Department of Justice (DOJ) comes in response to charges issued by the US Securities and Exchange […]
Shopify Jumps 15% After Posting Strong Q3 Revenue Growth
Shopify (NYSE: SHOP) is a major market mover this morning following positive third quarter results released by the company. The company saw total revenue jump 25% over the prior year to $1.7 billion. The company reported substantial growth across all of its metrics, including gross merchandise volume, which climbed 22% to $56.2 billion, and gross […]