Barry Silbert’s Digital Currency Group said in a shareholder letter that its chief financial officer, Michael Kraines, has stepped down. DCG President Mark Murphy and Chief Strategy Officer Simon Koster are filling the role while the company looks for a permanent replacement. DCG generated $180 million in revenue for the first quarter of 2023, down 46% from the same period last year. Still,...
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Streaming Services Should Beware Becoming Like Cable Companies
About a month ago, I finally reached my breaking point with YouTube TV, the streaming service I had subscribed to years earlier as a replacement for cable TV. I didn’t think twice about paying $40 a month for it in 2018, but after years of price increases—YouTube TV now costs $73 a month—I realized my family wasn’t watching it nearly enough to justify the money. So I ditched it. More...
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