Category: Financial Data

Tesla share price collapsedE
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October 28, 2023

Elon Musk And The EV Market Face Turbulence: Are the Glory Days of Electric Vehicles Dimming?

Elon Musk, CEO of Tesla recently faced a staggering $30 billion decline in his net worth. This came as Tesla, once the beacon of EV industry, announced its weakest quarterly earnings per share in two years, a full 10% below already gloomy analyst predictions. This news sent shockwaves through the stock market, causing Tesla's shares to dive over 17%, erasing a colossal $138B from its market capitalization in just two trading days.
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Tesla share price with sharp declineB
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October 19, 2023

Breaking: Elon Musk’s Tesla Misses Revenue And Earnings Predictions! Shares Dive!

Tesla's stock value took a 10% dip on Thursday following the release of the company's third-quarter financial results, which failed to meet both revenue and earnings predictions. The electric carmaker reported revenues of $23.35 billion with an adjusted 66 cents per share earnings. This disappointing outcome marked the first occasion since Q2 of 2019 that Tesla missed the mark on both counts.
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CCFunds recorded heavy losses in 2022M
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April 27, 2023

Malta’s CC Funds Register Significant Losses In 2022

Clients of CCFunds Sicav plc, part of the Calamatta Cuschieri Group in (CC Finance Group plc) in Malta, have lost significant money during 2022. However, the owners of CC Funds have enjoyed hefty income, despite the losses suffered by their clients. Clients who invested in High Income Bond Fund lost from 10% to 22% in 2022. The Growth Strategy Fund recorded a loss of almost 17%. The financial statements also reveal that clients have started pulling out their investments from CCFunds.
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Share price of Block plunged after shortseller reportS
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March 24, 2023

Shares Of Block Have Not Recovered From Short-Seller Attack With Fraud Allegations!

Shares of Block, which was attacked by short-seller Nathan Anderson and his at Hindenburg Research, failed to recover after the release of the disastrous report on Thursday. The report accuses Block of systematic crime facilitation, misrepresentation, and investment fraud. Block co-founder Jack Dorsey’s net worth plunged by $526 million. He’s now worth $4.4 billion after the 11% drop, according to the Bloomberg Billionaires Index.
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Block co-founder and CEO Jack DorseyS
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March 23, 2023

Short Seller Attack On Block: Allegations Of Inflated User Metrics and “Frictionless” Fraud Facilitation!

Block (previouslySquare) is an NYSE-listed $44 billion market cap company established and controlled by Twitter co-founder Jack Dorsey. After a two-year investigation, short-seller Hindenburg Research..
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Binance and Crypto.com audits are worth nothingB
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December 11, 2022

Binance & Crypto.com: Proof Of Reserves Reports Are Worth Nothing & Prove Nothing, Critics Claim!

Amid Crypto Contagion following the FTX collapse, two of the world's largest crypto exchanges, Binance and Crypto.com released "Proof of Reserves (PoR)" reports. Both worked with Mazars Group, a global accounting firm. However, according to Mazars, these haven't been audit reports; they did not express an opinion or an assurance conclusion. While the PoR reports may be a good first step toward more transparency in the crypto sector, but for now, they are more of a sort of placebo to calm users.
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Update on Equals Group of fintech companiesB
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September 7, 2022

Big Business! Payment Group Equals Announced Impressive H1 2022 Numbers!

The AIM-listed payment group Equals Group today announced its interim results for H1 2022 with impressive numbers. Compared to H1 2021, the revenue increased by 86% increase to £31.4 million with £6.3 million derived from the Solutions platform. Gross profit increased by 44% increased to £14.9 million and the Adjusted EBITDA exploded by 203% to £4.9 million. Trading in Q3-2022 has continued to be robust, despite global economic uncertainty and inflationary pressures, the company said.
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LSE-listed broker Plus500 published H1 2022 numbersR
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August 17, 2022

Running A Cash Machine! Plus500 With Improved EBITDA Despite Declining Client Base!

The London Stock Exchange-listed multi-asset broker Plus500 published its interim financial results for H1 2022 and reported revenues of $511.4 million, which is 48% higher than last year. The EBITDA, too, recorded an impressive increase from $187.6 million in H1 2021 to $305.3 million. However, The number of active customers fell by 35% to around 217,000, which may significantly impact future revenues. Customers deposited $1.2 billion at Plus500 compared to $1.1 billion in H1 2021.
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