MicroStrategy Reports Q1 Growth in Key Financial Indicators and Reduced Losses from Digital Asset Depreciation
Loss from the depreciation of digital assets dropped to $18 million The company has also significantly cut operating expenses The organization's BTC portfolio has a market value of just over $3.9 billion On May 1 yesterday, one of the largest BTC hold ...
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 ...