(Bloomberg) — Prudential Financial Inc. Chief Executive Officer Charlie Lowrey said the company will target more-mature firms in acquisitions after reporting a goodwill impairment charge of $713...
Tag: Loss
Bitcoin Long-Term Holders Still Selling At Loss: Glassnode
Data from Glassnode shows that Bitcoin long-term holders have still been selling their coins at a loss in recent days. Bitcoin Long-Term Holder SOPR Continues To Be At Values Below 1 According to the ...
Orion Protocol suffered a loss of $3 million on ETH & BSC
Orion Protocol suffered a total loss of $3 million on ETH and BSC. This was first visible on Twitter, followed by an announcement by Orion’s CEO. He, however, claimed that the harm that was done was c...
MicroStrategy Records 8th Consecutive Quarterly Loss After $198M BTC Impairment Charge
American business intelligence company MicroStrategy has recorded another quarterly loss after calculating the value of its Bitcoin portfolio. According to a Bloomberg report, MicroStrategy recorded a...
Largest Bitcoin Corporate Holder With 132,500 BTC Posts Quarterly Loss, Here’s How Much
Tomiwabold Olajide MicroStrategy recently announced its fourth quarter 2022 financial results The largest public Bitcoin holder, MicroStrategy, reported its eighth straight quarterly loss, owing to be...
MicroStrategy Reports Record Fourth Quarter Loss – Says No Plan To Stop BTC Trading
Join Our Telegram channel to stay up to date on breaking news coverage MicroStrategy, a business intelligence application provider, is making news after its eighth consecutive quarterly loss in its Bi...
Bitcoin-hungry MicroStrategy Posts $250M Net Loss in Q4
MicroStrategy’s net loss jumped quarter over quarter to $250 million — though executives said the firm is going to keep up its longtime strategy of buying and holding bitcoin on its balance sheet.&nbs...
MicroStrategy says no plans to stop trading BTC as paper loss hits $1.3B
Software analytics company MicroStrategy recorded a paper loss of over a billion dollars on its Bitcoin (BTC) holdings in 2022 but says it has no plans to stop trading the digital asset. MicroStrategy...
MicroStrategy’s Q4 Financial Reveals Paper Loss of $1.3B
On Thursday, MicroStrategy’s stock rose about 10%, to $300. In order to offset a $34 million tax deficit, the corporation sold 704 BTC in the last quarter. MicroStrategy, a business analytics firm, sa...
WisdomTree reports fourth quarter loss as crypto holdings fall
WisdomTree, the New York-based asset manager that operates blockchain-enabled funds, reported that the value of its cryptocurrency holdings fell to $136 million at the end of the fourth quarter from $...
MicroStrategy continues trading bitcoin despite a $1.3b paper loss
MicroStrategy, a software analytics company, reported a paper loss of $1.3 billion on its bitcoin (BTC) holdings in 2022. However, it stated that it would continue trading digital assets. MicroStrate...
Ford logs $2 billion loss in 2022, says profit was left ‘on the table’
Ford Motor Co. late Thursday reported a $2 billion loss for the year and mixed quarterly results, blaming “deeply entrenched” shortcomings around costs and systems that put the brakes on its hopes to ...
MicroStrategy sees fourth quarter loss after it writes down value of bitcoin holdings
MicroStrategy, the software firm better known in recent years for its bet on bitcoin, reported a net loss of $249.7 million for the fourth quarter of 2022 compared to a loss of $90 million in the same...
Hanesbrands stock plunges toward biggest selloff in 15 years after relatively high dividend eliminated, warning of a Q1 loss
Shares of Hanesbrands Inc. HBI, -27.38% plummeted 20.7% in morning trading Thursday, putting them on track for the worst one-day performance in nearly 15 years, after the T-shirt and underwear seller ...
BonqDAO protocol suffers $120M loss after oracle hack
A small decentralized autonomous organization (DAO) has suffered a rather sizeable smart contract exploit, leading to an estimated $120 million being stolen from its protocol. BonqDAO told its Twitter...
ApeCoin Price Analysis & Prediction (Feb 1st) – APE Cools Off After Soaring to a Three-Month High, Set For a Loss?
Apecoin rallied throughout the month and took a break after facing rejections at a key resistance level over the past few days. It may correct lower if the buyers fail to show more commitment. Startin...
Tesla Reports BTC Loss Of $140M In 2022
In a recent SEC filing, the electric vehicle manufacturing company reported a loss of $140 million dollars on its net Bitcoin holdings. Impairment Charges Result In BTC Loss The Elon Musk-led EV inno...
Peloton Turnaround Gains Some Steam Despite Eighth Straight Quarterly Loss
Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Key Takeaways Peloton has beaten Q4 revenue forecasts, but still notched their 8th consecutive quarterly loss Despite the ...
Tesla saw $204m loss with bitcoin last year
According to a U.S. Security and Exchange Commission filing, Tesla made a $204 million loss in gross impairment in 2022 for its bitcoin holdings. While the company faces this impairment loss, it still...
Tesla Suffers $140 Million BTC Loss, SEC Filing Shows
In February of 2021, Tesla revealed its intention to sell automobiles using Bitcoin, prompting the price of the cryptocurrency to skyrocket, while also purchasing $1.5 billion worth of the crypto. One...
Tesla records $140M Bitcoin net loss in 2022
According to a filing with the United States Securities and Exchange Commission on Jan. 31, electric vehicle manufacturer Tesla disclosed that it had recorded a $204-million gross impairment loss duri...
Polygon network keeps booming, but can zkEVM save MATIC from loss
Polygon zkEVM registered growth during the last seven days. New partnerships for Polygon, but price action remained negative. Polygon [MATIC] published Polygon zkEVM’s latest statistics on 31 January...
Snap stock loses 15% on Q4 loss: buy the dip?
Shares of Snap Inc (NYSE: SNAP) tanked more than 15% in extended trading after the social media company reported its worst revenue growth in a quarter ever. Pro reacts to Snap’s earnings print The sto...
Tesla’s $140 Million Bitcoin Loss Shows the Risk of Crypto Holdings
The electric car maker Tesla announced on January 31 that it had incurred a gross impairment loss of $204 million for the year 2022 on its holdings of Bitcoin (BTC). This information was included in a...
Anthony Scaramucci’s Skybridge Capital Suffers 39% Loss in 2022 Amid Brutal Crypto Bear Market: Report
Anthony Scaramucci’s hedge fund, SkyBridge Capital, reportedly suffered big losses during 2022’s crypto winter. According to a new Bloomberg report, SkyBridge’s biggest fund went down 39% on the year ...
Despite AAVE’s moves to clear bad debt, these areas remain at a loss
The Aave community passed the AIP 14 to authorize clearing CRV’s bad debt. Aave’s on-chain transaction volume was largely at a loss at press time. On 26 January, the developers of the Aave [AAVE] prot...
Bitcoin Supply In Loss Hits A 9-Month Low
According to on-chain data from CryptoQuant, a blockchain analytics platform, the Bitcoin supply in loss with the seven-day moving average stands at 32%, a nine-month low. This is the lowest level sin...
Tesla Q4 Earnings Report Reveals $34M Loss in Bitcoin Holdings
11 hours ago | 2 mins read Bitcoin News The electric vehicle maker recorded $34 million in impairment charges. Tesla’s total cryptocurrency holdings amounted to 10,725 BTC. In its most recent financia...
Crypto Expert Kevin Rose Falls Victim to Phishing Scam, Faces Huge Loss
Kevin Rose announced that he was phished into signing a malicious signature that allowed the hacker to transfer a large number of high-value tokens. The co-creator of Brotchain explained the unforesee...
Stock weak following surprise loss, revenue miss
Boeing (BA) stock is trading lower in the pre-market as the aerospace and defense company reported a fourth-quarter revenue miss and surprise earnings per share (EPS) loss. For the quarter Boeing repo...