Fitch Ratings said profits will grow slower at major Chinese tech companies Alibaba, Tencent and Baidu as they ramp up investments in technology, content and access to new markets. Alibaba’s operating earnings before interest and taxes will increase by low single-digits through the financial year ending March 2022, Fitch said, as it tries to expand its annual active consumers to more than 1...
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Robinhood Hits New Low Amid Crypto Selloff; Lit Protocol Connects NFT Owners
Cryptocurrencies are down from their historic highs seen in November, as is Coinbase, the leading American cryptocurrency exchange by trading volume. But Robinhood, the company operating a popular retail trading platform for both stocks and cryptocurrencies, has had the worst decline of the bunch. Bitcoin and ethereum are both down more than 45% from $69,000 and $4,800, their all-time high...
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