Author: bhakti

Marathon’s mining fleet has generated 3,659 bitcoins since January 1, 2021. Since then, the Company has gathered or “holding” all bitcoin generated. As a result, Marathon now owns 8,595 BTC, including 4,813 BTC purchased in January 2021 for an average price of $31,168 per BTC. Marathon’s current bitcoin holdings are worth around $330.6 million, based on the fair market value of one bitcoin on February 1, 2022. After these numbers came out, the stock of Marathon Digital Holdings Inc. soared more than 9%, that is, by nearly $2, which took the share price up to 23.30. BITMAIN has delivered roughly…

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Standard Lithium Ltd.’s U.S.-listed shares fell 22% on Thursday after short-seller Hindenburg Research published a report claiming that its technology does not function and that it is trying to benefit from the excitement around lithium batteries for electric vehicles. Standard Lithium, based in Vancouver, “is a zero-revenue mining firm with a fantastic-sounding tale of being a first mover in direct-lithium-extraction (DLE), a technology that intends to transform lithium mining,” according to the research. The company claims that its technology allows it to collect Lithium in hours rather than the months that standard extraction methods require while using significantly less land…

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News Corp was the victim of a cyberattack that gained access to the emails and documents of some employees, including journalists, according to the company’s cybersecurity consultant, who believes the intrusion was likely intended to gather intelligence for China’s benefit. According to a person familiar with the situation, the attack, which was discovered on Jan. 20, impacted a variety of publications and business groups, including The Wall Street Journal and its parent Dow Jones; the New York Post; the company’s U.K. news department; and News Corp headquarters. According to the individual, after finding the incident, the company informed law enforcement…

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Bill.com Holdings Inc.’s stock soared 29 percent higher in after-hours trading on Thursday after the producer of financial software tools for small businesses surpassed analyst expectations and issued an optimistic forecast. The company reported a net loss of $80.4 million, or 78 cents per share, in the fiscal second quarter, compared to $17.2 million, or 21 cents per share, in the year-ago period. Bill.com BILL, -7.79 percent reported a net loss of $220,000 after accounting for stock-based compensation and other expenses, amounting to nearly breakeven performance on a per-share basis. The company posted a 1 cent adjusted net loss per…

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The Snapchat company reported the fourth-quarter fiscal year 2021 results on Thursday and full-year 2021 results after the market closed. The company reported a revenue of $1.3 billion with earnings per share of $0.22. Financial Highlights: Revenue increased 42% to $1.3 billion in Q4 2021, compared to the prior year.First-quarter of positive net income as a public company of $23 million in Q4 2021.Adjusted EBITDA improved 97% to $327 million in Q4 2021, compared to the prior year.Operating cash flow was $186 million in Q4 2021, compared to $(53) million in the prior year.Free Cash Flow was $161 million in…

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Apple Inc., which, along with Alphabet’s Google, is the target of an app store bill set to be passed by a Senate subcommittee on Wednesday, urged legislators to reject the bill in its current form. The Senate Judiciary Committee is scheduled to vote Thursday on a bill that would limit Apple and Google’s app stores’ ability to force app developers to adopt their payment system. It would also make it illegal for companies to penalize apps that provide different prices or terms through a separate app store or payment mechanism. In a statement signed by Timothy Powderly, Apple’s senior director…

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Mark Zuckerberg, the CEO of Facebook, has been profiled in Time magazine amid concerns that the social media platform is harmful to children’s safety and mental health. ‘Should I delete Facebook?’ On the face of Mark Zuckerberg. Facebook is taking no meaningful action to rein down people who advocate for riots and violence. Hogan claimed that Facebook was aware that Instagram users were becoming concerned about their bodies, thus impacting their mental health. The Facebook platform stoked public discontent, potentially leading to riots and violence. Facebook’s stock fell more than 20% in extended trading on Wednesday after the company reported…

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GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) announced today that it had formed a collaboration with Immutable X Pty Limited (collectively, “Immutable X”) and its affiliates. The cooperation creates a fund in Immutable X’s IMX tokens worth up to $100 million, which the parties plan to pay grants to developers of the non-fungible token (“NFT”) content and technology. Immutable X will also serve as a layer-2 partner and platform for GameStop’s NFT marketplace, which is set to launch later this year. In addition, the rules stipulate that Immutable X will reward GameStop with up to $150 million in IMX…

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Spotify’s stock dropped 13% in after-hours trade on Wednesday after publishing fourth-quarter earnings. The results mainly exceeded predictions; however, user growth projections for the first quarter were only marginally aligned with analysts’ expectations. After the bell, there was a more significant selloff in tech stocks, as Facebook (Meta) posted poor earnings. The streaming service had 406 million monthly active users in the third quarter, up from 381 million in the previous quarter. According to StreetAccount, this is in line with the company’s projection of $400 million to $407 million and slightly exceeds analyst expectations. Spotify said its premium, or paid,…

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The Meta company reported the fourth-quarter fiscal year 2021 and full-year results on Wednesday after the market closed. Financial Highlights Family daily active people (DAP) – DAP was 2.82 billion on average for December 2021, an increase of 8% year-over-year.Family monthly active people (MAP) – MAP was 3.59 billion as of December 31, 2021, an increase of 9% year-over-year. Facebook daily active users (DAUs) – DAUs were 1.93 billion on average for December 2021, an increase of 5% year-over-year. Facebook monthly active users (MAUs) – MAUs were 2.91 billion as of December 31, 2021, an increase of 4% year-over-year.Ad impressions…

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