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Chegg Shares Pops 12% despite ChatGPT and AI Hype Suppressing Its Growth
By Steve Muchoki
• 3 mins read
Chegg is optimistic it can turn things around with its upcoming Cheggmate beta, an AI-focused student learning platform.
Pando Startup Raises $30M in Series B Funding Round Led by VC Fund Iron Pillar
By Steve Muchoki
• 3 mins read
Pando startup is focused on expanding into new industries and geographies, especially in the United States, where 50 percent of its customers reside.
Gemini Launches Non-US Derivatives Platform Dubbed Gemini Foundation
By Steve Muchoki
• 3 mins read
The company has promised its customers that it will be expanding its derivatives offering with additional perpetual contracts, dated futures, and options in the coming weeks.
European Market Shakes Off Recession Fears but Misses Q1 2023 Growth Estimates
By Steve Muchoki
• 3 mins read
The European market recorded a gross domestic product (GDP) of 0.0 percent in the first quarter of 2023 compared with the fourth quarter of 2022.
Snap Shares Down 18% as Q1 2023 Results Missed Analysts’ Expectations
By Steve Muchoki
• 3 mins read
Snap reported adjusted earnings per share of 1 cent versus a loss per share of 1 cent expected by analysts surveyed by Refinitiv.
Hasbro and Mattel Shares Up After Releasing Q1 2023 Results and Signing Licensing Agreements
By Steve Muchoki
• 3 mins read
Earlier this week, Mattel and Hasbro announced that they have entered into multi-year licensing agreements to create co-branded toys and games from some of their most popular brands.
Standard Chartered-backed Zodia Crypto Custody Raises $36M in Funding Round Led by SBI Holdings
By Steve Muchoki
• 3 mins read
With the SBI investment, Zodia Custody will increase its Japan presence amid increased demand for digital assets from institutional investors in the country.
Credora Announces $6M Strategic Funding Led by S&P Global and Coinbase Ventures
By Steve Muchoki
• 3 mins read
With the recent strategic funding, Credora has raised more than $16 million in venture funding to date from notable blockchain investors.
Recursive Introduces Omni Network via Eigen Layer to Enable Scalable and Interoperable DeFi on Various Rollups
By Steve Muchoki
• 3 mins read
The Omni network aims to enable use cases including cross-rollup stablecoins and other DeFi primitives that can aggregate liquidity from different Layer 2 rollups.
First Republic Bank Shares Drop 49% after Sharp Decline in Deposits in Q1 2023
By Steve Muchoki
• 3 mins read
First Republic Bank received uninsured deposits totaling $30 billion from a group of America’s largest banks on March 16, 2023, to help reduce the chances of a bank run.