Coinbase misses with Q2 revenue down 64% YoY to $808.3M, vs. $832.2M est., a $1.1B net loss, trading volume down 53% YoY to $217B, and 9M MTUs
- Coinbase's revenue declined almost 64% in the quarter as cryptocurrency prices fell. — The exchange operator lowered its full-year forecast for transacting users. Source: Coinba...
Amazon plans to close 68 brick-and-mortar retail locations across the US and the UK, including all of its Amazon Books, 4-star, and Pop Up stores
- Amazon plans to close all locations of its Pop Up, Books and 4-star stores, the company confirmed to CNBC.
South Korean show Squid Game, topping Netflix charts in 90 countries, vindicates Netflix's strategy of creating franchises using content from around the world
including the debate over the show's title, which wasn't decided in Hollywood: https://www.vulture.com/... https://twitter.com/... @zemthings : I love how shocked studios are every...
Sources: Amazon plans to open several large physical stores across the US, starting in Ohio and California, to extend its reach in clothing and other areas
Online shopping pioneer wants a larger retail presence to sell clothing and household items and facilitate exchanges
Pinterest reports Q4 revenue of $706M, up 76% YoY and beating estimates of $645.6M, and 459M global MAUs, up 37% YoY and above estimates of 449.4M; stock up 7%+
Jessica Bursztynsky / CNBC :
Apple has closed nearly 100 stores globally since December 14, including in London, California, and Tennessee, as COVID-19 cases surge
Michael Steeber / 9to5Mac :
Amazon raises monthly Prime subscription fee from $10.99 to $12.99 but keeps the $99 annual membership option unchanged
Amazon is increasing the monthly price option for Prime from $10.99 to $12.99 as it continues to expand the reach and benefits of the popular fast-shipping program.