Twitter reported its slowest annual increase in revenue growth in years, and also warned that the same issues that hurt its advertising business would persist through the fourth quarter. Investors hammered Twitter’s stock in response, driving it down 21% on the day. The company reported a third-quarter profit of $37 million on $824 million in revenue. That was a 9% revenue increase from the...
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Q&A Crypto Startups
Ripple CEO: It’s ‘a Joke’ That Some Execs Believe SEC Isn’t Harming Crypto
Ripple Labs, the $10 billion valuation startup behind the digital currency XRP, has ridden a wave of interest in crypto: Transactions on its payment network gained 33% in the third quarter, bolstering its bank balance to more than $500 million. Blank-check companies have approached the firm about taking it public through a merger, said CEO Brad Garlinghouse in an interview. But things could be...
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Alibaba Unveils New Server Chips in Latest Cloud Computing Push
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