Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.
Coinbase shares hit 18-month high after Binance charges
The price high comes after rival exchange Binance pleaded guilty and traders seemingly priced in Coinbase’s custodian agreements for a slate of spot crypto ETFs.
Coinbase share price spikes 7.9% as Q1 results beat expectations
Coinbase CEO Brian Armstrong called the quarter a “turning point” for the company as it worked towards a more “financially disciplined” firm.
Metaverse division’s $4B loss drags on positive first quarter for Meta
Zuckerberg expects Reality Labs operating losses to increase year-over-year in 2023.