Wix Stock Falls 8% as Q1 2022 Loss Widens to $227 Million
(Wix) Shares of Wix.com Ltd. fell more than 8% in premarket on Monday after posting a GAAP net loss of $227.3 million in the first quarter of 2022. The loss…
Goldman and Barclays Join Funding for Crypto Firm Elwood
(Cointelegraph) Banking giants Goldman Sachs and Barclays are ramping up their crypto investments after participating in a $70 million Series A Funding for Elwood Technologies. The funding round values the…
US Consumer Sentiment Falls to More Than a Decade Low in May
(University of Michigan) The Index of Consumer Sentiment in the US was recorded at 59.1 in early May, declining by 9.4% from the previous month. The index came short of…
Twitter Stock Crashes 18% as Elon Musk Says Buyout Deal Is on Hold
(Twitter) Shares of Twitter plunged 18% on Friday after Elon Musk said that the buyout deal will wait for more information regarding fake accounts on the social media platform. Through…
Affirm Stock Jumps 30% as Active Customers Grow by 137% in Q3 2022
(Affirm) Shares of Affirm Holdings rose more than 30% in premarket on Friday after reporting 12.7 million active consumers. The numbers represented an increase of 137% from the prior year.…
Binance Halts LUNA and UST Trading in Further Blow to Terra Ecosystem
(Twitter) Binance says it will remove some margin and spot trading pairs of LUNA and UST at 12:40 a.m. UTC, May 13, 2022. The exchange says it will cease trading,…
Robinhood Jump 30% as Sam Bankman-Fried Discloses 56.2M Share Stake
(SEC) Shares of Robinhood Markets rose more than 30% in pre-market on Friday before retreating after Sam Bankman-Fried disclosed a stake of 7.6% in the online brokerage firm. Crypto billionaire…
Rivian Rises 27% As It Maintains EV Guidance Amid Wider Q1 2022 Loss
(Rivian) Shares of Rivian rose more than 27% on Thursday after retaining its production guidance of 25,000 electric vehicles in 2022. Rivian also maintained guidance of an EBITDA loss of…
Amber Group Will Launch Metaverse Gateway, Openverse in Q3 2022
(The Block) Amber Group has announced that it will launch the Openverse, which is a Web3 enablement platform and a gateway to the metaverse. The company says the Openverse will…
US Producer Prices Rises by an Annual Record 11% in April
(BLS) US wholesale prices jumped by 0.5% in April, a slower increase compared to 1.6% the previous month and 1.1% in February. The smaller jump in producer prices in February…
Binance Discontinues Coin-Margined LUNA Perpetual Contracts
(Binance) Binance has announced that it has delisted coin-margined LUNA perpetual contracts amid the ongoing market liquidations. The crypto exchange advised users to close open positions before the delisting time…
Beyond Meat Stock Plunges 28% as Loss Widens in the First Quarter 2022
(Beyond Meat) Beyond Meat fell 28% in premarket on Thursday after reporting a $97.6 million loss from operations in the first quarter of 2022. The loss was wider than the…
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