April 22, 2024 Big Six tech companies’ profit momentum could ‘collapse’ in 2024, UBS says The earnings momentum of the Big Six has experienced four distinct cyclical waves, UBS said. BY Reuters Profit growth momentum of the so-called Big Six technology stocks could “collapse” over the next few quarters, UBS Global Research strategists said on Monday, … Continue reading Big Six tech companies’ profit momentum could ‘collapse’ in 2024, UBS says
Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails Karissa Bell @karissabe The sudden collapse of Silicon Valley Bank has put more than a quarter of Roku’s cash at risk. The streaming company had $487 million, representing 26 percent of its cash, in Silicon Valley Bank, the company … Continue reading Etsy warns of merchant payment processing delay due to Silicon Valley Bank collapse
By Michael Grothaus November 14, 2022 The collapse of crypto exchange FTX is having ramifications across the crypto industry. Last week, crypto lender BlockFi paused withdrawals due to the “lack of clarity” surrounding “the status of FTX.com, FTX US, and Alameda.” That “lack of clarity” is something investors of other exchanges are now … Continue reading Crypto.com CEO tries to reassure investors it has a strong balance sheet after the FTX collapse
