Tech Meme

Wall Street Journal: Sources: Binance plans to end its partnership with payments firm Advcash, which let customers move funds held at sanctioned Russian banks to the crypto exchange  —  Binance plans to shut down a partnership with a payments firm that allowed customers to move funds held at sanctioned Russian banks … Lees verder op Tech Meme

RT Watson / The Block: After securing regulatory approval, Coinbase says that eligible US retail customers can now access BTC and ETH futures contracts via Coinbase Financial Markets  —  – Coinbase’s service offering crypto futures trading to eligible retail U.S. customers is now active and includes “nano” bitcoin contracts. Lees verder op Tech Meme

CoinDesk: The US SEC charges SafeMoon and its executives for selling unregistered crypto securities and misappropriating investors’ funds the team promised were “locked”  —  Crypto company SafeMoon’s CEO and chief technology officer were arrested, accused of withdrawing more than $200M … Lees verder op Tech Meme

Manya Saini / Reuters: PayPal reports Q3 revenue up 9% YoY to $7.4B, vs. $7.38B est., total payment volume up 13% YoY to $387.7B, vs. $377.9B, and forecasts FY 2023 profit above est.  —  PayPal Holdings (PYPL.O) raised its forecast for full-year adjusted profit above Wall Street estimates on Wednesday … Lees verder op Tech Meme

Reuters: EA reports Q2 net bookings up 4% YoY to $1.82B, vs. $1.78B est., revenue of $1.91B, up from $1.9B in Q2 2022, and raises its annual profit forecast  —  Electronic Arts (EA.O) on Wednesday beat analysts’ estimates for quarterly net bookings and profit and raised its annual earnings projection … Lees verder op Tech Meme

The Walt Disney Company: Disney plans to acquire the 33% stake in Hulu held by Comcast’s NBCUniversal, giving Disney full ownership; Disney expects to pay NBCU ~$8.61B by December 1  —  The Walt Disney Company (NYSE: DIS) announced today that it will acquire the 33% stake in Hulu, LLC held by Comcast Corp.’s (NASDAQ … Lees verder op Tech Meme

Sarah Perez / TechCrunch: CRM platform HubSpot announces it’s acquiring the B2B data provider Clearbit, which has 400K+ users and was valued at $250M as of January 2019, per PitchBook  —  HubSpot, the Boston-based marketing software maker and CRM platform, announced today it’s acquiring the B2B data provider Clearbit … Lees verder op Tech Meme

Rohan Goswami / CNBC: Airbnb Q3: revenue up 18% YoY to $3.4B vs. $3.37B est., Nights and Experiences Booked up 14% YoY to 113.2M vs. 112.9M est., and a Q4 revenue forecast below est.  —  – Airbnb reported its third-quarter earnings results after the bell, beating consensus estimates on revenue but falling short … Lees verder op Tech Meme

Jessica Bursztynsky / Fast Company: DoorDash reports Q3 revenue up 27% YoY to $2.16B, vs. $2.09B est., total orders up 24% YoY to 543M, net loss of $75M, down from $296M in Q3 2022, DASH jumps 7%+  —  DoorDash reported its “best quarter ever” since its IPO in a number of key categories on Wednesday, which it says was driven partly … Lees verder op Tech Meme

Kif Leswing / CNBC: Qualcomm Q4: adjusted revenue down 24% YoY to $8.67B, vs. $8.51B est., handset chip sales down 27% YoY to $5.46B, vs. $5.34B est., and a strong Q1 2024 forecast  —  – Qualcomm reported fourth-quarter earnings on Wednesday that beat expectations for sales and earnings, despite big year-over-year declines … Lees verder op Tech Meme