Others

Lyft shares get crushed on weak guidance for first quarter

February 9, 2023

Lyft beat the street on revenue in the fourth quarter, but it wasn’t enough to assuage investors who reacted to the ride-hailing company’s weak guidance for the first three months of 2023. Lyft lowered expectations for revenue in the first quarter to $975 million. Analysts had expected the company to promise $1.09 billion in revenue. […]

Lyft shares get crushed on weak guidance for first quarter by Rebecca Bellan originally published on TechCrunch

Kraken ends its crypto-staking services for US clients following $30M SEC charge

February 9, 2023

Kraken has settled charges with the U.S. Securities and Exchange Commission (SEC) and is shutting down its on-chain staking program, the government agency shared on Thursday. The exchange, which was charged under its subsidiaries of Payward Ventures and Payward Trading, will pay $30 million in charges for “disgorgement, prejudgment interest and civil penalties.” In response […]

Kraken ends its crypto-staking services for US clients following $30M SEC charge by Jacquelyn Melinek originally published on TechCrunch

A remastered, free-to-try version of the classic game Myst arrives on iOS

February 9, 2023

To celebrate its 30th anniversary, a newly remastered version of the classic puzzle game Myst arrived today on iOS devices. Myst Mobile, as this new version is called, allows players to begin to explore all of Myst Island for free without a time limit, something never offered before, the game maker notes. An early desktop […]

A remastered, free-to-try version of the classic game Myst arrives on iOS by Sarah Perez originally published on TechCrunch

Ford sells majority stake in Rivian after reporting $7.3B write-down

February 9, 2023

Ford Motor Company has sold a majority of its Rivian shares, according to regulatory filings. Ford’s stake in the electric vehicle maker, which has been dropping steadily since May 2022, is now at 1.15%, or 10.5 million shares. The sell comes a week after Ford reported a $7.3 billion write-down on its Rivian investment last […]

Ford sells majority stake in Rivian after reporting $7.3B write-down by Rebecca Bellan originally published on TechCrunch