Disney stock (NYSE: DIS) got positively battered this week after it released fourth-quarter earnings. Both revenue and earnings per share (EPS) came in below Wall Street's expectations, with streaming costs exploding as Disney grew its subscriber base. In particular, Disney once again took the lead in subscriber count, toppling rival Netflix. Read More...
TechCrunch
Daily Crunch: FTX CEO Sam Bankman-Fried quits as crypto exchange files for bankruptcy
Salesforce did a round of layoffs, the DOJ seized $3.36 billion worth of Silk Road crypto, Binance said it would buy FTX, then backed out, causing Sequoia to write off its entire FTX investment. Theranos’s founder Elizabeth Holmes will find out her lot next week, while Peloton’s founder gave up on exercise equipment and is selling rugs now. Then there was a wall of Twitter drama, including utter chaos with Twitter’s new “verified” system after it laid off half of its staff, before quickly making moves to hire some of them back.
