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Pinterest shares plunge 14% as US user growth stalls
Pinterest shares plunge 14% as US user growth stalls

Share link:In this post: Pinterest’s revenue beat expectations, but profit missed, and U.S./Canada user growth stayed flat, causing shares to drop 14%. The company is growing through AI, visual search, and shopping features, and expects up to $1.05 billion in Q3 revenue. Men now comprise over one-third of the firm’s users, with rising interest in wellness, fashion, tech, and finance.

Cryptopolitan·2025/08/08 07:05
Block shares jump 8% as cash app fuels higher profit forecast
Block shares jump 8% as cash app fuels higher profit forecast

Share link:In this post: Block Inc. raises 2025 profit forecast to $10.17b from $9.96b after a strong Q2. Shares surge 8% in after-hours trading following the upbeat outlook. Cash App gross profit jumps 16% to $1.50b, beating estimates, driven by Borrow, card spending, and BNPL.

Cryptopolitan·2025/08/08 07:05
Tesla’s chip and Dojo supercomputer chief departs company
Tesla’s chip and Dojo supercomputer chief departs company

Share link:In this post: Pete Bannon left Tesla after nearly a decade; he was the VP of hardware design engineering and led Dojo development. Elon Musk’s order shut down the Dojo team; engineers reassigned or left to form an AI startup called DensityAI. Tesla’s AI strategy pivots to external partners like Nvidia, AMD, and Samsung for compute and chip manufacturing.

Cryptopolitan·2025/08/08 07:05
Meta taps Pimco, Blue Owl for $29b Louisiana data center financing
Meta taps Pimco, Blue Owl for $29b Louisiana data center financing

Share link:In this post: Meta Platforms picks Pacific Investment Management Co. and Blue Owl Capital Inc. to lead financing. Pimco will deal with the $26 billion debt portion, while Blue Owl will offer $3 billion in equity. Meta increased its investments in AI this year.

Cryptopolitan·2025/08/08 07:05
Shiba Inu Price Breakdown Likely as It Appears to Be the Weakest Pup in the Meme Pack
Shiba Inu Price Breakdown Likely as It Appears to Be the Weakest Pup in the Meme Pack

SHIBA INU (SHIB) price is underperforming while the rest of the meme coin pack is running wild. Dogecoin is up 29.8% in the past 30 days, BONK is up 20.4%, PENGU soared 151.1%, and even PEPE is up over 9%. SHIB? Just 7.9%. As the meme coin index jumps 6.2% in the past 24 hours, &hellip; <a href="https://beincrypto.com/shiba-inu-price-breakdown-risk-august-2025/">Continued</a>

BeInCrypto·2025/08/08 07:00
Trump's TMTG Incurs $20 Million Q2 Loss, Bitcoin Bet Position Rises to Sixth Globally
Trump's TMTG Incurs $20 Million Q2 Loss, Bitcoin Bet Position Rises to Sixth Globally

TMTG aims to address the challenge of sluggish core business growth by leveraging the high volatility of crypto assets through its "Financial Engine."

BlockBeats·2025/08/08 06:33
Japan Crypto ETF Not Officially Filed, Plans Still in Development Phase
Japan Crypto ETF Not Officially Filed, Plans Still in Development Phase

Japanese Bitcoin spot ETF may not arrive as early as once expected this week. SBI Holdings denied earlier reports that it has formally filed for crypto-related exchange-traded funds (ETFs) in Japan, clarifying that the plans remain in the development phase. Regulatory Clarity Still Pending “Contrary to some media reports, we have not filed any applications &hellip; <a href="https://beincrypto.com/japan-crypto-etf-not-officially-filed-plans-still-in-development-phase/">Continued</a>

BeInCrypto·2025/08/08 06:00
Pi Network Token Could Be Preparing for a Breakout After All-Time Low
Pi Network Token Could Be Preparing for a Breakout After All-Time Low

PI Network's token is showing bullish momentum after a period of consolidation, with key indicators like MACD and BBTrend signaling a potential breakout.

BeInCrypto·2025/08/08 05:30
Caldera has announced a partnership with EigenCloud to integrate EigenDA V2 to enhance Rollup data throughput.
Caldera has announced a partnership with EigenCloud to integrate EigenDA V2 to enhance Rollup data throughput.

The next-generation data availability solution empowers the Caldera Rollup engine, significantly reducing costs while enhancing blockchain scalability and performance.

BlockBeats·2025/08/08 05:26
Flash
00:31
AI chip manufacturer Syntiant, backed by Intel and Microsoft, has filed for an IPO
BlockBeats News, July 7th, according to Bloomberg, AI chip manufacturer Syntiant, backed by Intel and Microsoft, has filed for an IPO. The company produces ultra-low-power AI chips and software for on-device AI in headphones, wearables, and industrial systems. According to its submitted documents, the company's Q1 performance is as follows: Revenue: $64.5 million (compared to $66.6 million in the same period last year), Net Loss of $26.2 million (compared to $16.8 million in the same period last year) It is reported that Syntiant has raised a total of $311 million to date and is valued at $6.464 billion after its funding round in December 2024.
00:29
The Wall Street star fund manager who participated in the '924 Market Event' has made another huge profit in the storage sector.
Glonghui July 7|Two years ago during the “924 Market Event”, star hedge fund manager David Tepper, who rose to fame by boldly advocating “buy everything Chinese,” has once again achieved impressive returns this year in the storage sector. According to the latest news on Monday, Tepper’s Appaloosa Management achieved a 32% investment return in the first half of this year. According to people familiar with the matter, the roughly $23 billion hedge fund earned all its profits in the second quarter this year. As a backdrop to this investment performance, Tepper adopted a relatively conservative strategy this year, with his cash holdings averaging as high as 40%. It is reported that the best-performing individual stocks in Appaloosa’s portfolio include Micron Technology, Samsung Electronics, SK Hynix, Kioxia Holdings, and SanDisk.
00:26
LG Energy Solution expects Q2 operating profit to fall by 77% due to weak demand for electric vehicles
Golden Ten Data reported on July 7 that South Korean battery manufacturer LG Energy Solution (LGES) stated on Tuesday that its operating profit for April to June is expected to drop by 77% to 113 billion won (approximately $73.91 million), as continued weak demand for electric vehicles continues to weigh on battery sales. Market forecast for profit was 249 billion won. According to documents LGES submitted to regulators, revenue is expected to increase by 24.8% year-on-year to 7.6 trillion won. LGES said that the quarterly profit guidance includes tax credits for battery production in the United States under the U.S. Inflation Reduction Act. Excluding these tax credits, the company would have posted an operating loss of 128 billion won.
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