Bankrupt crypto lender Voyager Digital announced Monday that Binance.US, the U.S. exchange of global crypto exchange Binance, is acquiring its assets for $1.02 billion. A previously planned deal to have its assets acquired by FTX fell through after that company collapsed and filed for bankruptcy. Binance.US will provide a $10 million good faith deposit and plans to reimburse Voyager for up to...
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How Activists Proved to be Salesforce’s ‘Superpower’
These corporate efficiency initiatives really work! Salesforce’s April-quarter earnings report Wednesday showed an operating profit of $412 million, a 5% margin, compared with $20 million a year earlier, which equated to a margin of 0.27%. The reason was lower expenses—research and development costs fell 8.4% while marketing expenses dropped 6.5%—even as revenue rose 11%. Cutting costs to lift...
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