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Pinterest shares plunge 14% as US user growth stalls
Pinterest shares plunge 14% as US user growth stalls

Share link:In this post: Pinterest’s revenue beat expectations, but profit missed, and U.S./Canada user growth stayed flat, causing shares to drop 14%. The company is growing through AI, visual search, and shopping features, and expects up to $1.05 billion in Q3 revenue. Men now comprise over one-third of the firm’s users, with rising interest in wellness, fashion, tech, and finance.

Cryptopolitan·2025/08/08 07:05
Block shares jump 8% as cash app fuels higher profit forecast
Block shares jump 8% as cash app fuels higher profit forecast

Share link:In this post: Block Inc. raises 2025 profit forecast to $10.17b from $9.96b after a strong Q2. Shares surge 8% in after-hours trading following the upbeat outlook. Cash App gross profit jumps 16% to $1.50b, beating estimates, driven by Borrow, card spending, and BNPL.

Cryptopolitan·2025/08/08 07:05
Tesla’s chip and Dojo supercomputer chief departs company
Tesla’s chip and Dojo supercomputer chief departs company

Share link:In this post: Pete Bannon left Tesla after nearly a decade; he was the VP of hardware design engineering and led Dojo development. Elon Musk’s order shut down the Dojo team; engineers reassigned or left to form an AI startup called DensityAI. Tesla’s AI strategy pivots to external partners like Nvidia, AMD, and Samsung for compute and chip manufacturing.

Cryptopolitan·2025/08/08 07:05
Meta taps Pimco, Blue Owl for $29b Louisiana data center financing
Meta taps Pimco, Blue Owl for $29b Louisiana data center financing

Share link:In this post: Meta Platforms picks Pacific Investment Management Co. and Blue Owl Capital Inc. to lead financing. Pimco will deal with the $26 billion debt portion, while Blue Owl will offer $3 billion in equity. Meta increased its investments in AI this year.

Cryptopolitan·2025/08/08 07:05
Shiba Inu Price Breakdown Likely as It Appears to Be the Weakest Pup in the Meme Pack
Shiba Inu Price Breakdown Likely as It Appears to Be the Weakest Pup in the Meme Pack

SHIBA INU (SHIB) price is underperforming while the rest of the meme coin pack is running wild. Dogecoin is up 29.8% in the past 30 days, BONK is up 20.4%, PENGU soared 151.1%, and even PEPE is up over 9%. SHIB? Just 7.9%. As the meme coin index jumps 6.2% in the past 24 hours, &hellip; <a href="https://beincrypto.com/shiba-inu-price-breakdown-risk-august-2025/">Continued</a>

BeInCrypto·2025/08/08 07:00
Trump's TMTG Incurs $20 Million Q2 Loss, Bitcoin Bet Position Rises to Sixth Globally
Trump's TMTG Incurs $20 Million Q2 Loss, Bitcoin Bet Position Rises to Sixth Globally

TMTG aims to address the challenge of sluggish core business growth by leveraging the high volatility of crypto assets through its "Financial Engine."

BlockBeats·2025/08/08 06:33
Japan Crypto ETF Not Officially Filed, Plans Still in Development Phase
Japan Crypto ETF Not Officially Filed, Plans Still in Development Phase

Japanese Bitcoin spot ETF may not arrive as early as once expected this week. SBI Holdings denied earlier reports that it has formally filed for crypto-related exchange-traded funds (ETFs) in Japan, clarifying that the plans remain in the development phase. Regulatory Clarity Still Pending “Contrary to some media reports, we have not filed any applications &hellip; <a href="https://beincrypto.com/japan-crypto-etf-not-officially-filed-plans-still-in-development-phase/">Continued</a>

BeInCrypto·2025/08/08 06:00
Pi Network Token Could Be Preparing for a Breakout After All-Time Low
Pi Network Token Could Be Preparing for a Breakout After All-Time Low

PI Network's token is showing bullish momentum after a period of consolidation, with key indicators like MACD and BBTrend signaling a potential breakout.

BeInCrypto·2025/08/08 05:30
Caldera has announced a partnership with EigenCloud to integrate EigenDA V2 to enhance Rollup data throughput.
Caldera has announced a partnership with EigenCloud to integrate EigenDA V2 to enhance Rollup data throughput.

The next-generation data availability solution empowers the Caldera Rollup engine, significantly reducing costs while enhancing blockchain scalability and performance.

BlockBeats·2025/08/08 05:26
Flash
20:21
With the surge in photovoltaic panel installations, solar power generation in California has surpassed natural gas.
According to a report released by the U.S. Energy Information Administration (EIA), as of May this year, solar power generation at the utility scale in California surpassed natural gas generation on 82% of days. Although solar power has occasionally provided more electricity to the state’s grid in the past, this marks the first time that the average solar power generation in the first five months of the year has exceeded that of fossil fuels, which are the largest source of electricity in the United States.
20:17
According to a document submitted to the SEC, Brady Priest, CEO of Clover Care Services, a subsidiary of Clover Health Investments, Corp., will step down on July 3, 2026.
The document revealed significant management changes at Clover Health. Priest’s resignation is expected to take effect on the specified date, and the company may initiate the process to select a successor. As a key division focused on healthcare service operations under Clover Health, leadership changes at Clover Care Services could draw market attention. Investors typically examine such core management changes for their potential impact on company strategy continuity and business operations. At present, the document does not specify the exact reasons for Priest’s departure or his future career plans. Clover Health has also not immediately provided further information regarding the succession plan for this position.
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