Coinbase Reports Revenue Growth of 22% in Q1 2023
An adjusted loss per share of $0.34, well below projections The company has improved performance due to cost optimization The exchange laid off about 950 people in January alone Today, May 4, Coinbase investors received the exchange's financial report ...
Disney shuts down Metaverse division and lays off 7,000 employees
Disney Corporation has recently closed its Metaverse division as part of a wider restructuring plan. The company aims to reduce operating costs by $5.5 billion and cut 7,000 jobs within the next two months. Reports suggest that the Metaverse Research Department, which employed approximately 50 pe ...