Business

GameStop (GME) Form 10-K Annual Report states NFT marketplace sales weren't material to 2022 revenue

Sales related to GameStop's recently launched NFT Marketplace haven't led to substantially reportable losses or gains.

First Citizens Bank buys $72 billion of SVB loans & deposits at a $16.5 billion discount

Another $90 billion in other assets from SVB will remain in the FDIC's control.

Terraform Labs founder arrested in Montenegro in relation to Luna crypto crash

Do Kwon was found attempting to flee Montenegro with falsified documents. Global warrants called for Kwon's arrest following the crash of TerraUSD & Luna 'stablecoins'.

Coinbase (COIN) CEO reveals the crypto company has received an SEC Wells notice

CEO Brian Armstrong shared word of the Wells notice from the SEC, which he feels is signaling enforcement action against Coinbase in the near future.

GameStop (GME) Q4 2022 earnings results beat EPS and revenue expectations against all odds

With a strong quarter of software and hardware sales, GameStop handily beat expectations on its Q4 2022 earnings results.

Twitch to layoff over 400 alongside Amazon's latest cuts

Twitch announced today that it would be laying off over 400 employees alongside Amazon's layoffs of around 9,000.

Meta announces 10,000 additional layoffs in restructuring plans

The company shared restructuring plans as part of its 'Year of Efficiency' which includes additional layoffs and reduced hiring rates.

Federal Reserve, FDIC & U.S. Treasury announce plans to protect Silicon Valley Bank depositors

The joint effort in the creation of this backstop is to make depositors whole and is not a bailout for SVB or its shareholders.

Silicon Valley Bank (SIVB) closed by regulators, insured deposits to be protected by FDIC

As SVB has been closed and its deposits have been taken over, the Federal Deposit Insurance Corp. has announced that insured depositors will have access by Monday.