Coinbase, Disney, Rivian: Earnings Spotlight
By Syfe  •  May 13, 2022
US stocks remained under pressure this week, buffeted by concerns around inflation and rising interest rates. Mixed earnings added to the market’s bumpy ride. Here are the week’s top headlines. Coinbase snaps back Coinbase stock jumped 9% yesterday, and gained another 9% during extended trading. The reversal comes after the cryptocurrency brokerage reported a first-quarter loss and revenue miss. Coinbase shares have lost nearly 50% in the past week amid a sharp downturn in crypto prices. Undeterred, crypto evangelist Cathie Wood’s Ark Invest scooped up half a million Coinbase shares this week, according to a trading update. Coinbase is one of ARK Innovation ETF’s largest holdings. Disney+ gains ground Walt Disney reported a healthy jump in streaming subscriber growth on Wednesday, in sharp contrast with the recent subscriber declines experienced by Netflix. Disney+ added 7.9 million news subscribers, exceeding analyst estimates of 5 million. The company’s Parks, Experiences and Products segment similarly surpassed revenue expectations last quarter as...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...

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