By Marco Piccolo Key highlights: Opendoor stock is down 21% in pre-market trading after disappointing Q3 earnings and a weak Q4 outlook The company posted Q3 revenue of $915 million, beating estimates, but missed on EPS and adjusted EBITDA CEO Kaz Nejatian outlined a long-term path to profitability, but short-term losses and declining transactions rattled […]
Tag: CEO
By Aaron Watts Key highlights: Anchorage Digital now provides institutional custody for Bybit’s staked SOL token, bbSOL, offering regulated access to Solana staking. bbSOL combines liquidity with on-chain yield, with custody now meeting U.S. federal compliance through Anchorage Digital Bank. The partnership signals broader efforts to connect institutional finance with the Solana DeFi ecosystem. Anchorage […]
By Marco Piccolo Key highlights: PayPal (PYPL) shares soared nearly 15% in premarket trading Tuesday after unveiling a partnership with OpenAI and posting stronger-than-expected Q3 earnings. The deal will integrate PayPal’s digital wallet into ChatGPT, using the Agentic Commerce Protocol (ACP) co-developed by OpenAI and Stripe. Q3 EPS: $1.34 vs. $1.21 expected; Revenue: $8.42B vs. […]