Facebook Earnings Crush, But Can It Sustain Momentum?
Emily Bary, reporter for MarketWatch, gives us her thoughts on Facebook's latest earnings report that saw earnings per share beat, but daily users on the platform drop because of a shift away from viral videos.
We talk about whether advertisers will stick around as the platform turns its focus to friends and family posts and away from publishers. Bary also weighs in on Amazon's upcoming release of its quarterly earnings. How much will the Whole Foods acquisition and holiday sales affect revenue? Overall, analyst expectations are positive.
NFT and digital collecting platform Neon recently raised $3 million in seed funding. The startup also launched the world's first NFT vending machine, located in New York City's Financial District. Neon says it aims to be the simplest and most accessible way to buy, sell, and trade NFTs, both online and in the real world. Kyle Zappitell, CEO of Neon, joined Cheddar News' Closing Bell to discuss.
President Biden issued his first executive to begin determining how the United States will move forward on digital currencies. Charlotte Principato, a financial services analyst for Morning Consult, joined Cheddar News Wrap to discuss. "What this executive order says is that crypto is mainstream," she said. "The United States has put our hat in the race to create a central bank digital currency and one with the power of the U.S. dollar behind it, so I think it's a really exciting time for both the cryptocurrency and the digital asset world."
President Joe Biden on Wednesday signed a long-awaited executive order on cryptocurrencies, striking a careful balance between highlighting the risks of digital assets and touting their potential benefits.
The price of nickel, one of the key minerals needed to produce stainless steel and lithium-ion batteries, saw an unprecedented surge Tuesday amid fears that Western sanctions could cut off Russian supplies of the crucial commodity.
Apple on Tuesday unveiled a new version of its budget-priced iPhone that’s capable of connecting to ultrafast 5G wireless networks, an upgrade that has been available on the company’s upscale models for more than a year.
