Chris McGrath Getty Images With the rapid rise in creative tools powered by artificial intelligence (AI) like ChatGPT, Dall-E and Midjourney, the laws that protect these new forms of generative conten...
Tag: Loss
Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022
From a consolidated balance sheet perspective, DCG held total assets of $5.3 billion as of Dec. 31, 2022, the report said. This included cash and cash equivalents of just $262 million. Investment asse...
DCG records over $1b loss in 2022 amid crypto collapses
Digital Currency Group (DCG), a venture capital conglomerate with subsidiaries including Genesis and crypto news publication Coindesk, recorded over $1 billion loss in 2022, majorly as a result of Thr...
DCG reported loss of $1.1 billion in 2022, CoinDesk says
Digital Currency Group said it lost $1.1 billion last year amid falling crypto prices and the restructuring of its Genesis lending platform, CoinDesk reported. “In addition to the negati...
Traders Sell ETH and BTC at Loss, Will the Coins Bottom be Revealed
Santiment has noticed that BTC and ETH traders are selling at a loss instead of profits. BTC is priced at $23,441.23 with a surge of 1.08% in just 24 hours, at reporting time. Indicators give out a si...
Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury – Bitcoin News
The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 mi...
Jake Paul Takes First Boxing Loss By Split Decision To Tommy Fury
Jake Paul, left, and Tommy Fury, in action during their boxing match, in Riyadh, Saudi Arabia, early … [+] Monday, Feb. 27, 2023. (AP Photo) Copyright 2023 The Associated Press. All rights reser...
Zoom Could Post First Loss Since Pandemic as Demand Dries Up
Key Takeaways Zoom will likely say fourth quarter FY 2023 adjusted EPS was -$0.11 vs. $1.60 in the prior-year quarter. Zoom’s revenue probably climbed 2.6% to $1.1 billion. Zoom’s net inco...
Hive Blockchain Reports Q3 2022 Net Loss of $90.4 Million
8 seconds ago | 2 mins read Bitcoin News The company’s gross mining margin was hit hard by the decline in crypto prices. After the Ethereum-Merge, Hive began selling its excess energy to the grid. Whi...
Crypto Miner Hive Blockchain Posted Net Loss of $90.4M for Q3 2022
Crypto mining saw severe losses last year as prices went south. Several notable players in the space slid into bankruptcy, while others had to take cost-cut measures and shut down branches. This was a...
Berkshire Hathaway Posts A Big Loss, Hoards Cash
Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) reported a a net loss of $22.8 billion in 2022, due to market volatility. However, Berkshire’s “operating income” that exclud...
Carvana Shares Plunge on Quarterly Loss, Analyst Warnings
(Bloomberg) — The walls are closing in on online used-car dealer Carvana Co., whose disappointing quarterly results sent the stock into freefall Friday and triggered a string of warnings from an...
BASF plans further cost costs after posting $5.16 billion loss
BASF SE on Friday said that it is implementing further cost-saving measures at its Ludwigshafen facility as the German chemical company seeks to cut costs after a year which saw earnings fall. BASF BA...
Carvana Posts Wider Q4 Loss. Used Car Demand Tumbled.
Online used-car dealer Carvana (ticker: CVNA) missed fourth-quarter earnings and revenue expectations and announced plans to cut about $1 billion in costs over the next six months while improving cust...
Beyond Meat shares pop 15% despite a Q4 loss
Beyond Meat Inc (NASDAQ: BYND) gained about 15% in extended trading on Thursday after reporting market-beating results for its fourth financial quarter. Beyond Meat shares up on encouraging guidance T...
Coinbase CEO Brian Armstrong Says Crypto in ‘Despair Phase’ Amid US Exchange’s $2,625,000,000 Annual Loss
Crypto exchange Coinbase is struggling as a result of the bear market but the firm’s CEO, Brian Armstrong, says they’re built for the long term. During an earnings call on Wednesday, Armstrong says th...
Is Walmart’s Loss Leading Egg-Scapade A Winner?
WalmartWMT is known for its everyday low prices on products across the store, but a recent offer of a carton of 18 eggs for $2 at a store in Kentucky raises questions about how this particular locatio...
Oil Gains After Weekly Loss as China Recovery Competes With Fed
(Bloomberg) — Oil rose after a weekly loss on hopes that a Chinese demand rebound is picking up pace following the end of Covid Zero, outweighing hawkish signals from the Federal Reserve. Most R...
DraftKings stock soars after Q4 revenue beat, narrower-than-expected loss
DraftKings (DKNG) stock soared Friday morning after the sportsbook operator outlined a narrower-than-anticipated loss in 2023 and a path to profitability by 2024 during its fourth-quarter earnings cal...
Bed Bath & Beyond falls toward 8th-straight loss, the longest such streak in 3 months
Shares of Bed Bath & Beyond Inc. BBBY, -6.74% sank 6.5% in afternoon trading Thursday, to put them on track for an eighth straight decline. The losing streak comes after the stock rocketed 92.1% o...
Stock pops after Q4 revenue beat, narrower-than-expected loss
DraftKings (DKNG) stock popped late Thursday after the sportsbook operator posted a revenue beat and narrower-than-expected loss for its fourth quarter. The company reported an adjusted EBITDA loss of...
Bitcoin miner Iris Energy posts $144 million net loss
Iris Energy posted a net loss of $144 million, mainly due to a $105.2 million non-cash impairment charge in part related to its equipment financing, and said it mined fewer bitcoin in the quarter end...
Bitcoin, Ether and XRP Hold Steady After Largest Weekly Loss This Year ⋆ ZyCrypto
Advertisement     Despite the strong crypto market resurgence in January building hope for the crypto community, the wait for a gargantuan bull market might last longe...
Masayoshi Son’s SoftBank Vision Fund Posts $5.5 Billion Quarterly Loss, Pulls Back On Startup Investments
SoftBank Group Corp Chairman and CEO Masayoshi Son. Alessandro Di Ciommo/NurPhoto via Getty Images Japanese billionaire Masayoshi Son’s SoftBank Group reported earnings for the December quarter this w...
Robinhood reports $57m loss on processing error
Robinhood Inc., the popular trading platform, recently reported a loss of $57 million due to a processing error in shares of a small company in December. The mistake occurred when Robinhood mishandled...
Bitcoin price hits 2-week low amid warning $22.5K loss means fresh dip
Bitcoin (BTC) stayed lower at the Feb. 9 Wall Street open as a sweep of local lows increased bets of a more serious comedown. BTC/USD 4-hour candle chart (Bitstamp). Source: TradingView Trader: “Somet...
Bitcoin miner CleanSpark beats estimates, posts $29 million loss
Bitcoin miner CleanSpark reported a net loss of $29 million for the quarter ending in December, beating analyst estimates of a $31.3 million loss. It narrowly missed revenue estimates, posting $...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...
Russia’s Gazprombank recommends slow CBDC rollout fearing loss of income
Gazprombank, a subsidiary of the leading Russian government-owned gas company, Gazprom, publicly proposed giving banks more time before implementing the digital ruble. The country’s central bank digit...
Credo stock plunges toward record loss after largest customer cuts purchases
Shares of Credo Technology Group Holding Ltd. plummeted toward a record one-day selloff after the data infrastructure networking company disclosed that its largest customer cut demand for its products...