Earnings
Zuckerberg Says Meta Has 'Exciting Roadmap' With Threads, AI Products in Pipeline
Mark Zuckerberg, founder and CEO of Facebook parent Meta, says the firm isn't giving up on the metaverse anytime soon. This comes as Meta's metaverse division Reality Labs reported $276 million in sales and $3.7 billion in losses for Q2 2023. Journey Chief Metaverse Officer Cathy Hackl discusses her take on Meta's vision for the metaverse and artificial intelligence (AI).
Tesla Didn’t Buy or Sell Any Bitcoin for Fourth Straight Quarter in Q2
The value of its bitcoin holdings remained at $184 million.
Coinbase Cut to Underweight Ahead of Earnings by Barclays
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Bitcoin Mining Earnings Wrap: Marathon Shares Underperform After New SEC Subpoena
Thursday's reported first-quarter results from miners were a mixed bag.
Hut 8 First-Quarter Revenue Drops 64% as Bitcoin Mining Difficulties Bite
The mining firm had to turn off about 8,000 machines in Ontario due to a dispute with its energy provider in mid-November.
Bitcoin Miner Marathon First-Quarter Earnings Beat Estimates as SEC Extends Probe
The U.S. regulatory body is investigating related party transactions that may have violated securities laws.
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
Cipher has an eye on hashrate of 8.2 EH/s by the end of the year.
Galaxy Digital Posts $134M First-Quarter Profit on Strong Showing for Crypto Market
The figure compares with a net losses of $111.7 million in the year-earlier period and $288 million in the fourth quarter.
Block’s Q1 Bitcoin Revenue Rises 18% From Q4, Gains 25% From a Year Ago
The company booked $50 million in bitcoin gross profit in the first quarter..
Coinbase Losses Expected to Narrow; Analysts Seek Details About International Exchange
Coinbase will report its first-quarter earnings results after the market closes on Thursday.
