As regulators scrutinise FTX, rival exchanges try to reassure investors

Crypto.com CEO says it will publish proof of reserves Bitcoin steadies around $16,700 Binance CEO plans “industry recovery fund” Smaller exchange AAX halts withdrawals SINGAPORE/LONDON, Nov 14 (Reuters) – Bitcoin and other cryptocurrencies remained under pressure on Monday following last week’s collapse of crypto exchange FTX while rival exchanges sought to reassure jittery investors of … Read more

FTX looks for $9.4 bln in rescue funds from investors, rivals

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Over the past few hours, Bankman-Fried has discussed raising $1 billion each … Read more

Microsoft revenue forecast under threat from PC market slump, mighty dollar

Oct 24 (Reuters) – Microsoft Corp (MSFT.O) is set to post its slowest quarterly revenue growth in over five years on Tuesday, with some analysts casting doubts whether the company can maintain its annual outlook in the face of a PC market slowdown and a strong dollar. A spike in inflation this year has fanned … Read more

Netflix reverses subscriber drop, shares jump 10%

LOS ANGELES, Oct 18 (Reuters) – Netflix Inc (NFLX.O) reversed subscriber losses and provided a slightly more bullish view than Wall Street had hoped, projecting new ad-supported streaming options will help attract 4.5 million subscribers by year-end . Netflix shares jumped 10% in after-hours trading on Tuesday to $265.00. Shares of the company, a favorite … Read more

Forecast Netflix in focus as streaming pioneer will roll out ad-supported tier

Oct 17 (Reuters) – Netflix Inc subscriber growth forecast () will be in focus when it reports third-quarter results on Tuesday, with the streaming pioneer set to roll out ad-supported plans to better compete with competitors such as Disney+ and HBO Max. Last week, Netflix said it would launch the package in November for $6.99 … Read more

Toshiba shares jump on report of possible Japanese-led $19 bln bid

TOKYO, Oct 13 (Reuters) – Toshiba Corp’s (6502.T) shares rose 7% on Thursday on a report of a potential Japanese-led $19 billion bid that could lead to foreign activist investors being bought out after years of tension. A consortium led by private equity firm Japan Industrial Partners has been given preferred status in a second … Read more

Cryptoverse: Hack jitters push bitcoin investors back to the future

Oct 11 (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of technology’s … Read more

Cryptoverse: Bitcoin miners get stuck in a bear pit

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the town with … Read more

French TV shares slump after merger to challenge Netflix collapse

A view shows the headquarters of French television group M6 in Neuilly-sur-Seine, near Paris, France, May 21, 2021. REUTERS/Sarah Meyssonnier/File Photo Sign up now for unlimited FREE access to Reuters.com List PARIS/MILAN, Sep 19 (Reuters) – The collapse of a deal to form a French TV giant to challenge US streaming services like Netflix (NFLX.O) … Read more

French broadcaster gives up anti-Netflix merger deal

Sign up now for unlimited FREE access to Reuters.com List PARIS, Sep 16 (Reuters) – France’s two largest private broadcasters, M6 Group (MMTP.PA) and TF1 (TFFP.PA), scrapped their planned merger to fend off a resurgence of US streaming platforms, saying antitrust demands made the deal irrelevant. If successful, the deal would change the landscape of … Read more