revenue decline

According to the report of the Information, Twitter laid off dozens of people on Saturday to make up for the impact of revenue decline. According to the report, this move involves some engineering teams, including advertising technical support, Twitter main applications and technical infrastructure teams. Twitter hasn’t commented on this yet. Interpretation of this information: Twitter, the popular social media platform, has reportedly laid off dozens of employees in an effort to mitigate the impact of revenue decline. Though the company has not officially commented on the move, sources suggest…

According to reports, analysts expect that Coinbase, the largest cryptocurrency exchange in the United States, lost nearly $600 million in the three months ended December last year. After the closing of the regular trading on Tuesday, the revenue fell sharply for the fourth consecutive quarter. Interpretation of this information: The latest financial reports of Coinbase have indicated a loss of nearly $600 million in the final quarter of 2021. This represents a significant decline in revenue, which is a continuation of the trend from the previous three quarters. While these…

It is reported that CoinShares, a crypto asset management company, released the fourth quarter financial report of 2022, and the company’s revenue in the fourth quarter was 8.8 million pounds, down 65% from 25.7 million pounds in the same period of 2021. The annual income in 2022 was £ 51.5 million, down 36% from £ 80.8 million in the same period in 2021. The total comprehensive income in 2022 was £ 3 million, a decrease of 97% from £ 113.4 million in the same period in 2021. Interpretation of this…