Google-parent Alphabet Offloads 90% Stake in Robinhood, HOOD Shares Drop 7%
Alphabet sold 90% of its Robinhood stake after the trading app announced a profit for the first time as a public company.
This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Alphabet sold 90% of its Robinhood stake after the trading app announced a profit for the first time as a public company.
One of the standout aspects of Block’s financial report is its strategic approach to Bitcoin investments.
From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies.
Amid muted global macroeconomic growth and mounting pressure from higher interest rates, Maersk revised its profit forecast for the whole year.
The Etsy team has already started leveraging the power of AI and implementing the technology across various customer interactions, including tools for sellers and shopping recommendations.
Including beating revenue expectations, Amazon revealed in its Q2 2023 report that it set a new record for Prime deliveries.
Additionally, Airbnb is looking to leverage the power of OpenAI’s GPT-4 large language model to enhance its customer service department.
Coinbase told shareholders that it is working towards improving its adjusted EBITDA in absolute dollar terms versus full-year 2022 as it navigates the uncertainty of regulatory scrutiny.
For its fiscal Q3 2023, Apple reported reduced revenue from iPhone, Mac, and iPad sales, while revenue from Other Products rose 2%.
TASE’s strategic partnership with Fireblocks comes as the result of a broader vision set forth by the stock exchange.
While Hawaii and California are the most expensive, doxo also found that West Virginia and Mississippi are the least costliest US states.
Nintendo’s flagship Switch games console series remains a dominant force in the gaming industry.
Despite investor disappointment, CEO Dan Schulman is confident that Q2 2023 shows that PayPal is on the right path to growth.
In reaction to the Fitch Ratings downgrade, the JPMorgan CEO said that “it doesn’t really matter that much”.
The US SEC is under pressure from several institutional investors – including BlackRock, Fidelity, WisdomTree, and Valkyrie – to approve a spot Bitcoin ETF.