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Robinhood's 30% Crypto Revenue Plunge: Vlad Tenev Looking To Diversify, Wants Platform 'Less Reliant' On Transaction Volumes
Wednesday, April 30, 2025 - 11:09pm | 593Robinhood Markets Inc. (NASDAQ:HOOD) reported a marked decline in its cryptocurrency revenue in the first quarter as compressed prices hampered trading activity. What happened: The commission-free trading platform released its quarterly financials after Wednesday’s market close and disclosed...
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Elon Musk-Led Tesla Reports $125 Million In Unrealized Losses On Bitcoin After Top Crypto Drops 12% In Q1
Tuesday, April 22, 2025 - 10:03pm | 609Electric vehicle juggernaut Tesla Inc. (NASDAQ:TSLA) reported losses on cryptocurrency investments in the first quarter on Tuesday, while its Bitcoin (CRYPTO: BTC) stash remained unchanged. What happened: Tesla's balance sheet showed $951 million in digital assets, down 11.6% from the last quarter...
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America's Biggest Revenue Generator Made $5.1B In Profit For The Quarter: JPMorgan Makes That In How Many Days?
Friday, May 17, 2024 - 2:22pm | 404Walmart Inc (NYSE:WMT) shares soared to an all-time high on Thursday after reporting a higher-than-expected $5.1 billion in net income and revenue growth. The Arkansas-based retail giant is the largest company in the world by revenue, according to Fortune. JPMorgan Chase & Co (NYSE:JPM) enjoys...
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Apple's Key Supplier Foxconn Reports 9% Decline In Q1 Revenue, Anticipates Growth In Future
Friday, April 5, 2024 - 8:11am | 566Foxconn (OTC:HNHPF) a key supplier for Apple Inc. (NASDAQ:AAPL), saw a 9% decline in its first-quarter revenue for 2024. What Happened: The company’s first-quarter revenue totaled 1.32 trillion NT$ ($41.2 billion), CNBC reported on Friday. This figure represents a 9.6% drop from the same...
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As Apple Stares At First Revenue Drop In A Decade, Samsung Predicts Stellar 10-Fold Q1 Profits Amid Surging Chip Prices
Friday, April 5, 2024 - 6:32am | 810As the tech industry navigates through a period of fluctuating chip prices, Samsung Electronics (OTC:SSNLF) has emerged with a forecast that signals a robust first-quarter performance, potentially setting a positive tone for its financial year. This comes at a time when Apple Inc. (NASDAQ:AAPL) is...
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'Ethereum Isn't Dead:' Top Crypto Analyst Delivers Christmas Cheer, Says 'Best Quarter' For ETH Approaching
Monday, December 25, 2023 - 11:33am | 654Amidst the recent surge in Bitcoin's (CRYPTO: BTC) price in the past couple of months, driven by hopes for a regulatory nod to spot ETFs, top analyst Michaël van de Poppe argued that Ethereum (CRYPTO: ETH) is not dead, and raised the question of whether it...
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U.S. Cannabis Companies Prioritize Positive Cash Flows Amidst Challenging Operating Environment
Friday, May 26, 2023 - 12:15pm | 515First quarter results of U.S. cannabis companies highlighted the industry's focus on generating positive cash flow while striving for growth. Unlike most nascent industries, U.S. cannabis firms face the challenge of balancing investments for expansion with the limited availability of...